The ocean and the beach in the Philippines

Philippines Trade Balance August 2022

Philippines: Merchandise exports decline in August

Merchandise exports decreased 2.0% on an annual basis in August, following July’s 4.1% decrease. Meanwhile, merchandise imports shot up 26.0% on an annual basis in August (July: +22.2% yoy).

As a result, the merchandise trade balance deteriorated from the previous month, recording a USD 6.0 billion shortfall in August (July 2022: USD 6.0 billion deficit; August 2021: USD 3.3 billion deficit). Lastly, the trend pointed down, with the 12-month trailing merchandise trade balance recording a USD 59.3 billion deficit in August, compared to the USD 56.6 billion deficit in July.

Free sample report

Access essential information in the shortest time possible. FocusEconomics provide hundreds of consensus forecast reports from the most reputable economic research authorities in the world.
Close Left Media Arrows Left Media Circles Right Media Arrows Right Media Circles Arrow Quote Wave Address Email Telephone Man in front of screen with line chart Document with bar chart and magnifying glass Application window with bar chart Target with arrow Line Chart Stopwatch Globe with arrows Document with bar chart in front of screen Bar chart with magnifying glass and dollar sign Lightbulb Document with bookmark Laptop with download icon Calendar Icon Nav Menu Arrow Arrow Right Long Icon Arrow Right Icon Chevron Right Icon Chevron Left Icon Briefcase Icon Linkedin In Icon Full Linkedin Icon Filter Facebook Linkedin Twitter Pinterest