Farm goods trade deficit tops $859M in April

THE agricultural goods trade deficit widened 12% year on year in April to $859.04 million, the Philippine Statistics Authority (PSA) said.

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Agricultural exports in April rose 8.7% to $743.22 million, the PSA said, accounting for 11% of total exports. As a share of the $2.35 billion two-way trade in farm products, exports accounted for 31.7%.

Agricultural imports fell 3.5% year on year in April to $1.60 billion. Farm goods accounted for 15.6% of all Philippine imports that month.

The $2.35 billion in agriculture trade in April was up 1% year on year. In March 2025 and April 2024, trade had risen 16.5% and 25.6%, respectively.