Trade gap highest in 8 months at $4.87 billion in July

Quick Summary:

THE country’s trade deficit posted a double-digit increase in July, the highest in eight months, according to the Philippine Statistics Authority (PSA).

Electronic exports, however, contracted 11.9 percent from the $3.69 billion posted in July 2023.

Exports of these products reached $3.25 billion or 52.1 percent of the country’s total exports during the period.

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Article Details

Author / Journalist: Cai U. Ordinario

Category: BusinessStartups

Markets: PhilippinesChinaHong KongIndonesiaJapanUnited States

Topics: Exports Trade Total Percent Billion July 2024 2023 Imports Country’s Growth

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-10 @ 16:23:14 (17 hours ago)

News Timezone: GMT +8:00

News Source URL: businessmirror.com.ph

Language: English

Article Length: 985 words

Reading Time: 6 minutes read

Sentences: 38 lines

Sentence Length: 26 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Mirror

News ID: 22452848

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