In July 2024, the Philippines' trade in goods increased by 4.5% to $17.37B, with a 18% higher trade deficit and China as the top import supplier.

In July 2024, the Philippines' external trade in goods rose by 4.5% to $17.37 billion from $16.62 billion a year earlier, according to the Philippine Statistics Authority. Imports comprised 64% of this total, leading to a trade deficit of $4.87 billion, an 18% increase from the previous year. China was the top supplier of imports at $3.08 billion, while the U.S. led in exports with $1.06 billion.

September 10, 2024
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