Philippines' Trade Deficit Widens to $4.94 Billion in June
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The Philippines' trade deficit in goods ballooned to $4.94 billion in June, driven by double-digit growth in exports and imports of electronic products, particularly semiconductors. The deficit widened by 12.3% year-on-year but narrowed from May's $6.1 billion. Exports jumped by 24.1% to $8.77 billion, while imports surged by 19.6% to $13.71 billion. In the first half of 2022, the trade deficit increased by 25.85% to $30.81 billion.
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