PH trade gap jumps 12.3% in June

TRADE DEFICIT composite image from INQUIRER FILE

MANILA, Philippines — The Philippines’ trade deficit widened in June as imports continued to outpace exports, though a record surge in outbound shipments helped keep the gap at its narrowest in four months.

Philippine Statistics Authority data released on Thursday showed the country’s trade deficit expanded 12.3 percent from a year earlier to $4.9 billion in June.

READ: US slaps Philippine exports with new 12.5% tariff

Article continues after this advertisement