The ocean and the beach in the Philippines

Philippines Trade Balance April 2022

Philippines: Merchandise exports rise at a quicker pace in April

Merchandise exports climbed 6.0% in annual terms in April (March: +5.9% year-on-year). Meanwhile, merchandise imports soared 22.8% in annual terms in April (March: +27.8% yoy), marking the weakest reading since March 2021.

As a result, the merchandise trade balance improved from the previous month, recording a USD 4.8 billion deficit in April (March 2022: USD 5.0 billion deficit; April 2021: USD 3.1 billion deficit). Lastly, the trend pointed down, with the 12-month trailing merchandise trade balance recording a USD 50.5 billion deficit in April, compared to the USD 48.8 billion deficit in March.

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