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Philippines' trade deficit shrank to $4.05 billion in January 2026, driven by rising exports and falling imports.
The Philippines’ trade-in-goods deficit narrowed to $4.05 billion in January 2026, down from $4.93 billion a year earlier, as imports fell 3.1% year-on-year to $11.14 billion and exports rose 7.9% to $7.09 billion.
Electronic products led export growth, with semiconductors surging 21.6%, while China remained the top import source.
Despite a slight monthly increase from December’s $3.99 billion, the deficit was smaller than in January 2025.
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El déficit comercial de Filipinas se redujo a $4.05 mil millones en enero de 2026, impulsado por el aumento de las exportaciones y la caída de las importaciones.