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Philippines' total external trade slightly rises by 0.4 pct in February

0 Comment(s)Print E-mail Xinhua, March 28, 2025
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MANILA, March 28 (Xinhua) -- The Philippines' total external trade in goods rose by 0.4 percent in February to 15.66 billion U.S. dollars from 15.59 billion dollars in the same period of 2024, the Philippine Statistics Authority (PSA) said Friday.

Of the total external trade in February 2025, the agency said 60.1 percent were imported goods, while the remaining 39.9 percent were exported goods.

The PSA said the balance of trade in goods, or the difference between export and import value, in February this year amounted to -3.16 billion dollars, indicating a trade deficit with an annual decline of 11.4 percent.

China remains the Philippines' largest supplier of imported goods in February, while the United States comprised the highest export value amounting to 986.84 million dollars. Enditem

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