Each day TFO Canada publishes a sample of trade news on the Canadian import market along with any new, updated or changed regulations and legislations regarding international trade; countries in which TFO Canada offers services and on the export sectors which it promotes.
Philippine Trade Deficit Widens In AugustTuesday, October 10, 2017 > 10:39:50
Philippine foreign trade deficit increased in August from a year ago, as imports grew faster than exports, preliminary figures from the Philippine Statistical Authority showed Tuesday.
The trade deficit climbed to $2.41 billion in August from $2.13 billion in the corresponding month last year. In July, the shortfall was $1.62 billion.
Exports grew 9.3 percent year-over-year in August and imports advanced by 10.5 percent.
Shipments of electronic products, accounting for 51.9 percent of total exports, rose by 3.5 percent.