Trade deficit widens to $4.87 B in July
The Philippine Star|September 11, 2024
The country registered a $4.87 billion trade deficit in July, the widest shortfall in 16 months as both exports and imports posted increases.
LOUELLA DESIDERIO

Preliminary data from the Phil ippine Statist ics Authority showed the balance of trade in goods or the difference between the value of exports and imports amounted to a $4.87 billion deficit in July, 18 percent wider than the $4.12 billion shortfall in the same month last year.

This is also the biggest trade gap since the $5.02 billion deficit in March last year.

In the January to July period, however, the country’s trade deficit narrowed to $29.91 billion from $31.75 billion in the same period last year.

This story is from the September 11, 2024 edition of The Philippine Star.

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This story is from the September 11, 2024 edition of The Philippine Star.

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