The Philippines' trade deficit increased to USD 3.99 billion in September 2021 from USD 2.26 billion in the same month a year earlier. This marked the largest trade gap since April 2020, as exports grew by 6.3 percent year-on-year to a six-month high of USD 6.68 billion, while imports expanded at a faster 24.8 percent to a 35-month high of USD 10.67 billion. Considering the first nine months of the year, the trade gap widened to USD 29.18 billion from USD 17.95 billion. source: National Statistics Office of Philippines

Balance of Trade in Philippines averaged -472270.06 USD Thousand from 1957 until 2021, reaching an all time high of 1144700 USD Thousand in September of 1999 and a record low of -4415446.66 USD Thousand in October of 2018. This page provides the latest reported value for - Philippines Balance of Trade - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Philippines Balance of Trade - data, historical chart, forecasts and calendar of releases - was last updated on November of 2021.

Balance of Trade in Philippines is expected to be -4150000.00 USD Thousand by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Philippines Balance of Trade is projected to trend around -3200000.00 USD Thousand in 2022, according to our econometric models.

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Philippines Balance of Trade


Calendar GMT Actual Previous Consensus TEForecast
2021-10-12 01:00 AM Aug $-3.577B $-3.659B $-3.5B
2021-11-05 01:00 AM Sep $-3.995B $-3.509B $ -3.6B
2021-12-10 01:00 AM Oct $-3.995B


Related Last Previous Unit Reference
Balance of Trade -3995660.00 -3577000.00 USD Thousand Sep/21
Imports 10674639.49 10043030.78 USD Thousand Sep/21
Exports 6678983.00 6465987.53 USD Thousand Sep/21

News Stream
Philippines Posts Largest Trade Gap in 17 Months
The Philippines' trade deficit increased to USD 3.99 billion in September 2021 from USD 2.26 billion in the same month a year earlier. This marked the largest trade gap since April 2020, as exports grew by 6.3 percent year-on-year to USD 6.68 billion, while imports expanded at a faster 24.8 percent to a 36-month high of USD 10.67 billion. Considering the first nine months of the year, the trade gap widened to USD 29.18 billion from USD 17.95 billion.
2021-11-05
Philippines Trade Gap Widens in August
The Philippines' trade deficit increased to USD 3.58 billion in August 2021 from USD 2.18 billion in the same month a year earlier. Exports grew by 17.6 percent year-on-year to USD 6.47 billion, while imports expanded at a faster 30.8 percent to USD 10.04 billion. Considering the first eight months of the year, the trade gap widened to USD 25.27 billion from USD 15.68 billion.
2021-10-12
Philippines Trade Gap Widens
The Philippines' trade deficit increased to USD 3.29 billion in July 2021 from USD 2.13 billion in the same month a year earlier. Exports grew by 12.7 percent year-on-year to USD 6.42 billion, while imports expanded at a faster 24.0 percent to USD 9.71 billion. Considering the first seven months of the year, the trade gap widened to USD 21.31 billion from USD 13.50 billion.
2021-09-09

Philippines Balance of Trade
Philippines has been running annual trade deficits due to high imports of raw materials and intermediate goods. In 2013, the biggest trade deficits were recorded with: Taiwan, Saudi Arabia, Thailand and South Korea while the biggest trade surpluses with: Japan, Hong Kong and the United States.