Philippines: Merchandise trade deficit widens in April
Latest reading: In April, the trade balance was USD -6.0 billion, following a USD -5.0 billion reading in the prior month. This marked the largest deficit since August 2022. Over the last 12 months, the trade balance summed to USD -52.6 billion.
Merchandise exports rose 6.3% in year-on-year terms in April, following 20.8% growth in the prior month. April’s reading was the weakest since August 2025. Merchandise imports rose 22.4% in annual terms in April, following 17.0% growth in the previous month. April’s reading was the strongest since August 2022.