Trade gap widens to $4.94 billion in June
The Philippines' trade deficit widened to $4.94 billion in June as import growth outpaced record-high exports. Despite the deficit, the country saw its highest export sales since 1991, led by strong performance in the electronics sector.
Why it matters
The data reflects the Philippines' ongoing struggle with trade imbalances while highlighting the resilience of its manufacturing and export sectors.
MANILA, Philippines - The country's trade deficit widened in June from a year ago, as imports outpaced record-high exports, according to the Philippine Statistics Authority.
PSA data showed that the balance of trade in goods, or the difference between exports and imports value, amounted to a $4.94-billion deficit in June, 12 percent higher than the $4.40-billion shortfall in the same month last year.
While the deficit widened year-on-year, it was the lowest recorded since February, when the shortfall was at $4.01 billion.
From January to June, the country's trade deficit widened by 26 percent to $30.81 billion from $24.48 billion in the same period last year.
The PSA said that in June, the country recorded its highest export sales since 1991. In particular, the country's total exports of goods rose by 24 percent to $8.77 billion in June from $7.07 billion in the same month of 2025.
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