Philippines: Merchandise trade deficit increases in March
Latest reading: In March, the trade balance was USD -4.5 billion, following a USD -4.0 billion reading in the previous month. Over the last 12 months, the trade balance summed to USD -50.1 billion.
Merchandise exports rose 20.4% in annual terms in March, following 8.9% growth in the previous month. Merchandise imports rose 12.3% in annual terms in March, coming on the back of a 16.6% increase in the previous month.