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Trade News

Each day TFO Canada publishes a sample of trade news on the Canadian import market along with any new, updated or changed regulations and legislations regarding international trade; countries in which TFO Canada offers services and on the export sectors which it promotes.

 

Philippine Trade Deficit Widens In August

Tuesday, October 10, 2017 > 10:39:50
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RTT News

Philippine foreign trade deficit increased in August from a year ago, as imports grew faster than exports, preliminary figures from the Philippine Statistical Authority showed Tuesday.

The trade deficit climbed to $2.41 billion in August from $2.13 billion in the corresponding month last year. In July, the shortfall was $1.62 billion.

Exports grew 9.3 percent year-over-year in August and imports advanced by 10.5 percent.

Shipments of electronic products, accounting for 51.9 percent of total exports, rose by 3.5 percent. 


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