Financial News: Philippine Trade Deficit Narrows In May

Philippine Trade Deficit Narrows In May

06/27/2025 - 02:54:00 (RTTNews)

(RTTNews) - The Philippine foreign trade deficit decreased in May from a year ago as exports grew amid a fall in imports, preliminary data from the Philippine Statistics Authority showed on Friday.

The trade deficit dropped to $3.29 billion in May from $4.73 billion in the same month last year. In April, the shortfall was $3.97 billion.

Exports surged 15.1 percent year-over-year in May, faster than the 7.6 percent growth in the previous month.

By commodity group, electronic products were the country's top export in May, followed by other manufactured goods and gold.

Imports declined 4.4 percent annually in May, following a 2.5 percent fall a month ago.

For comments and feedback: contact editorial@rttnews.com

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS

New Zealand Manufacturing Sector Expands In July - BusinessNZ (27 min(s), 08 sec(s) ago)
(RTTNews) - The manufacturing sector in New Zealand moved up into expansion territory in July, Bus ...Full Story»

Japan GDP Data Due On Friday (01 hr(s), 20 min(s), 08 sec(s) ago)
(RTTNews) - Japan will on Friday release preliminary Q2 numbers for gross domestic product, highli ...Full Story»

Treasury Announces Details Of Twenty-Year Bond Auction (08 hr(s), 03 min(s), 08 sec(s) ago)
(RTTNews) - The Treasury Department on Thursday announced the details of this month's auction ...Full Story»

U.S. Producer Price Growth Far Exceeds Estimates In July (08 hr(s), 42 min(s), 08 sec(s) ago)
(RTTNews) - Producer prices in the U.S. increased by much more than expected in the month of July, ...Full Story»

Slovenia GDP Rebounds 0.7% In Q2 (08 hr(s), 58 min(s), 08 sec(s) ago)
(RTTNews) - Slovenia's economy expanded in the second quarter after a renewed contraction in ...Full Story»

U.S. Weekly Jobless Claims Unexpectedly Dip To 224,000 (09 hr(s), 14 min(s), 08 sec(s) ago)
(RTTNews) - The Labor Department released a report on Thursday unexpectedly showing a modest decre ...Full Story»

UK GDP Rises More Than Expected (09 hr(s), 55 min(s), 08 sec(s) ago)
(RTTNews) - The UK economy expanded more than expected in the second quarter but the overall growt ...Full Story»

Croatian Inflation Confirmed At 4.1% (10 hr(s), 20 min(s), 08 sec(s) ago)
(RTTNews) - Consumer price inflation in Croatia accelerated as initially estimated in July to its ...Full Story»