Trade deficit, which is the difference between the value of export and import of a country, jumped by 63 percent in the first month of the year as Filipinos bought more foreign-made products, the Philippine Statistics Authority (PSA) reported on Friday, March 11. Data from the PSA showed that the...
Trade deficit ballooned last year as Philippine purchases of goods from abroad outpaced the rise in sales of locally-made products following the further reopening of the economy from quarantine restrictions. The Philippine Statistics Authority (PSA) reported on Thursday, Jan. 27, that the...
The country's trade deficit widened to a new record high in November last year as Philippine purchases of goods from abroad accelerated following the further reopening of the economy from quarantine restrictions. The Philippine Statistics Authority (PSA) reported on Tuesday, Jan. 11, that the...
The country’s total agricultural trade reached $5.93 billion during the third quarter of this year, increasing at an annual rate of 14.8 percent amid the continuously increasing imports. Data from the Philippine Statistics Authority (PSA) showed that during the third quarter of 2021, agricultural...
Two poultry farms from the Philippines have been approved by the South Korean government to export chicken to the East Asian country. In formal communication, Maria Alilia Maghirang, the country’s Agriculture Attache in Seoul, informed Agriculture Secretary William Dar of the final approval of...
The country's goods purchases from abroad rose at a much faster pace than the sales of Philippine-made goods overseas, bringing the nation’s trade deficit in September to its widest in nearly three years. The Philippine Statistics Authority reported on Friday, Nov. 5, that expenditures for...
Amid global recovery, the country’s merchandise exports grew by double digits in August, but the expansion was still short to outpace the strong growth in imports that resulted in a wider trade-in-goods deficit. Manila International Container Terminal 1 The Philippine Statistics Authority...
The trade activity in the Philippines is continuing to show recovery, the Department of Finance (DOF) said, but the government should still continue to be vigilant with the prevalence of the highly transmissible Delta variant. In his latest DOF economic bulletin, Finance Undersecretary and Chief...
The Philippines targets to become the top exporter of coconut products to China, next to other ASEAN countries like Indonesia, Thailand, Vietnam and Malaysia. The 2020 China Coconut Oil Import Source Countries Statistics as reported by the Embassy of the Philippines in Beijing, the Philippines...
The country’s trade deficit widened in July amid the gradual reopening of the local economy. Philippine Export and Import Statistics July 2021 The Philippine Statistics Authority (PSA) reported Thursday, Sept. 9, that the gap in the trade balance, or the difference between the value of export and...
The Department of Agriculture-High Value Crops Program (DA-HVCP) has identified "saba" banana chips as among the emerging local commodities for export to countries like China, United States (US), Germany, Netherlands, and the United Kingdom (UK). "Banana ang number one, although malaki ang...
The country’s trade deficit narrowed in June to its lowest level in three-months, data from the Philippine Statistics Authority (PSA) showed. Port Area Based on the PSA report released on Friday, August 6, the gap in the trade balance, or the difference between the value of export and import,...
