Philippines trade deficit widened to $3.68 billion in February 2026.

The Philippines' trade deficit widened to $3.68 billion in February 2026, a 23% increase from the previous year. This gap grew as imports surged 12.6% to $11.01 billion, driven by capital goods and electronics, while exports rose 8% to $7.33 billion. Analysts attribute the widening gap to high global energy prices and strong domestic demand, though export growth remains supported by the electronics sector.