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flag Philippines' trade deficit shrank to $4.05 billion in January 2026, driven by rising exports and falling imports.

flag 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. flag Electronic products led export growth, with semiconductors surging 21.6%, while China remained the top import source. flag Despite a slight monthly increase from December’s $3.99 billion, the deficit was smaller than in January 2025.

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