In February, the Philippines' external trade increased 9.7% to $15.46bn, with a trade deficit of $3.65bn; imports rose 6.3%, exports surged 15.
The Philippines' total external trade increased by 9.7% in February, reaching $15.46bn, with a trade deficit of $3.65bn, marking a 6% annual decrease. Imports rose by 6.3%, while exports surged 15.7%, with electronic products as the top export, accounting for 57.9% of total outflows. China remains the largest supplier of imported goods to the Philippines and ranks fourth in terms of export value.
April 11, 2024
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