Philippines posts $3.65 billion trade deficit in February

April 12, 2024 - 11:58 AM
Shipment to Canada
The ship Anna Maersk is docked at Roberts Bank port carrying 69 containers of mostly paper and plastic waste returned by the Philippines in Vancouver, British Columbia, Canada June 29, 2019. (Reuters/Jason Redmond)

 The Philippines posted a trade deficit PHTBAL=ECI of $3.65 billion for February, preliminary official data showed on Thursday.

Imports PHIMP=ECI in February rose 6.3% to $9.55 billion from a year earlier, while exports PHEXP=ECI increased 15.7% to $5.9 billion, the Philippine Statistics Authority said.

— Reporting by Mikhail Flores, Neil Jerome Morales and Karen Lema; Editing by Kanupriya Kapoor