Philippinen Handelsbilanzsaldo

The Philippines' trade deficit slightly narrowed to USD 4.1 billion in December 2024, down from USD 4.2 billion in the same month last year. Exports declined by 2.2% year-on-year to USD 5.7 billion, driven by lower sales of electronic products (-17.1%), particularly components, devices, and semiconductors (-30.1%). The US accounted for the largest share of exports (16.6%), followed by Japan (14.1%) and China (12.9%). Meanwhile, imports fell by a milder 1.7% to USD 9.8 billion, mainly due to reduced purchases of transport equipment (-24.2%) and mineral fuels, lubricants, and related materials (-3.5%). China remained the top source of imports (25.8%), followed by Japan (7.9%) and South Korea (7.6%). For the full year, the trade deficit widened to USD 54.2 billion from USD 52.6 billion in the previous year, as exports dropped by 0.5% while imports rose by 1%.