Philippines: Merchandise trade deficit widens in July
Latest reading: In July, the trade balance was USD -6.0 billion, following a USD -5.5 billion figure in the previous month. Over the last 12 months, the trade balance summed to USD -58.2 billion.
Merchandise exports rose 10.8% in annual terms in July, following a 25.0% rise in the prior month. Merchandise imports were up 19.8% in year-on-year terms in July, coming on the back of a 25.0% increase in the prior month.