Philippines posts $3.5 billion trade deficit in September

By
Reuters
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November 7, 2023 - 11:52 AM
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Shipment to Canada
The ship Anna Maersk is docked at Roberts Bank port carrying 69 containers of mostly paper and plastic waste returned by the Philippines in Vancouver, British Columbia, Canada June 29, 2019. (Reuters/Jason Redmond)

MANILA — The Philippines posted a trade deficit PHTBAL=ECI of $3.5 billion for September, preliminary official data showed on Tuesday.

Imports PHIMP=ECI in September fell 14.7% to $10.2 billion from a year earlier, while exports PHEXP=ECIshrank 6.3% to $6.7 billion, the Philippine Statistics Authority said.

— Reporting by Neil Jerome Morales and Mikhail Flores

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