Philippines June trade deficit at $4.3 billion

August 6, 2024 - 1:25 PM
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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)

 The Philippines posted a trade deficit of $4.3 billion in June, as exports shrank 17.3% from a year earlier, while imports contracted 7.5%, government data showed on Tuesday.

The value of imports PHIMP=ECI reached $9.87 billion while exports PHEXP=ECI totaled $5.57 billion, the Philippine Statistics Authority said.

 — Reporting by Neil Jerome Morales and Mikhail Flores; Editing by John Mair