• Latest
  • Trending
  • All
  • Industry
  • Compliance
  • Global Trade
  • Industry
  • Sustainability & Ethics
  • Video
  • Security & Risk
Philippine Trade Gap Narrows by 1.5% in April, Says PSA

Philippine Trade Gap Narrows by 1.5% in April, Says PSA

06/12/2024
Ecom Global Network Ltd: Driving Global E-commerce and Logistics Solutions

Ecom Global Network Ltd: Driving Global E-commerce and Logistics Solutions

09/17/2025
Emerge and Rise: Empowering Entrepreneurs and Driving Global Growth

Emerge and Rise: Empowering Entrepreneurs and Driving Global Growth

09/17/2025
Kamsiparts Automotive Nominated for Go Global Awards 2025 in London

Kamsiparts Automotive Nominated for Go Global Awards 2025 in London

09/17/2025
Sow Property Consult Limited: Driving Excellence in Transport and General Trading

Sow Property Consult Limited: Driving Excellence in Transport and General Trading

09/17/2025
Esusu Africa: Advancing Digital Financial Inclusion Across Nigeria

Esusu Africa: Advancing Digital Financial Inclusion Across Nigeria

09/17/2025
B.Est Solutions Estonia: Driving Innovation in IT Solutions

B.Est Solutions Estonia: Driving Innovation in IT Solutions

09/17/2025
B.Est Solutions Estonia Nominated for the Go Global Awards 2025

B.Est Solutions Estonia Nominated for the Go Global Awards 2025

09/17/2025
Emerge and Rise Nominated for the Go Global Awards 2025

Emerge and Rise Nominated for the Go Global Awards 2025

09/17/2025
CODERS Nominated for Go Global Awards 2025 in London

CODERS Nominated for Go Global Awards 2025 in London

09/17/2025
Ecom Global Systems ShipCycle Nominated for the Go Global Awards 2025

Ecom Global Systems ShipCycle Nominated for the Go Global Awards 2025

09/17/2025
Adam Consulting Service LLC Nominated for Go Global Awards 2025 in London

Adam Consulting Service LLC Nominated for Go Global Awards 2025 in London

09/17/2025
U.S. Reviews Potential New National Security Tariffs on Auto Parts

U.S. Reviews Potential New National Security Tariffs on Auto Parts

09/17/2025
supplychainreport
Thursday, September 18, 2025
  • Home
  • Industry
    • Supply Chain
    • Logistics & Transportation
    • Importing & Exporting
    • Manufacturing
    • Warehousing & Distribution
  • Compliance
    • Supply Chain Transparency
    • Anti-Money Laundering (AML)
    • Know Your Customer (KYC)
    • Risk Management
    • Export Controls
    • Sanctions
  • Global Trade
    • Market Trends
    • Economic Indicators
    • Sourcing
    • Trade Policies
    • International Relations
    • Trade Agreements
    • Tariffs & Duties
    • Import/Export Statistics
  • Luxury Goods
  • Industry
    • Blockchain in Supply Chain
    • Importing & Exporting
    • Automation & Robotics
    • Artificial Intelligence in Trade
    • Data & Analytics
  • Sustainability & Ethics
    • Green Supply Chains
    • Sustainable Logistics
    • Ethical Sourcing
    • Corporate Social Responsibility
    • Environmental Policies
  • Security & Risk
    • Cybersecurity in Trade
    • Fraud & Scams
    • Risk Mitigation
    • Security Protocols
    • Data Protection
  • ITC News
    • ITC Featured Members
    • ITC Business Councils Highlights
  • Events
    • Upcoming Conferences
    • Upcoming FREE Educational Webinars
No Result
View All Result
supplychainreport
No Result
View All Result

Philippine Trade Gap Narrows by 1.5% in April, Says PSA

by Raxer X.
06/12/2024
in Importing & Exporting, Industry

YOU MAY ALSO LIKE

Ecom Global Network Ltd: Driving Global E-commerce and Logistics Solutions

Emerge and Rise: Empowering Entrepreneurs and Driving Global Growth

In April, the Philippines witnessed a reduction in its trade deficit by 1.5%, as reported by the Philippine Statistics Authority (PSA). This improvement reflects adjustments in the country’s imports and exports during the period, underscoring shifts in economic dynamics.

The PSA data revealed that the country’s total trade reached approximately $15.43 billion in April, marking a decrease from the previous month’s figures. Imports, amounting to about $9.36 billion, showed a decline of 6.2% year-on-year, attributed to reduced purchases of electronic products, mineral fuels, and transport equipment. Meanwhile, exports totaled around $6.07 billion, showcasing a marginal increase of 0.6% year-on-year, largely due to higher shipments of manufactured goods, forest products, and other mineral products.

Economic analysts highlighted various factors influencing these trends, including global supply chain disruptions, fluctuating commodity prices, and domestic consumption patterns. Despite the narrowing trade gap, challenges remain in sustaining growth amidst evolving global economic conditions.

The Philippine government continues to monitor these developments closely, emphasizing strategies to enhance export competitiveness, support domestic industries, and manage import dependencies. The ongoing adjustments in trade dynamics are pivotal as the country navigates economic recovery and resilience amid global uncertainties.

Get comprehensive supply chain report news updates at The Supply Chain Report. For international trade tools, see ADAMftd.com.

#PhilippinesTradeDeficit #EconomicUpdate #PSAReport #TradeBalance #ImportsExports #EconomicDynamics #TradeData #GlobalSupplyChain #ExportCompetitiveness #EconomicRecovery #TradeTrends #PhilippinesEconomy #TradeStatistics #April2024Trade #EconomicChallenges

ShareTweet

Subscribe Our Newsletter

Share Your News

Whether it’s a groundbreaking achievement, a heartwarming tale, or an insightful perspective, we want to hear it. Share your news with us, and let’s amplify your voice in the digital symphony of stories.

Submit

A man is riding a bike on a hill.

The Supply Chain Report is your essential daily news website, serving as a trusted source for comprehensive coverage of the complex and ever-evolving global supply chain dynamics. Our expert team delves into the intricacies of international trade, manufacturing, logistics, importing, exporting, and supply chain management; providing in-depth analysis and up-to-date news on the latest trends, disruptions, and technological advancements affecting industries worldwide. From detailed reports on international trade through to insights into procurement strategies and inventory management, we offer valuable content that helps professionals stay informed and make knowledgeable decisions in a fast-paced market.

Each day, we bring you cutting-edge news and expert commentary that dissect significant international trade and supply chain issues Our coverage spans a wide array of sectors including manufacturing, retail, healthcare, food, consumer goods, and technology, ensuring that no matter your field, you have the strategic information needed to navigate the challenges and opportunities of today’s supply chain landscape. By synthesizing complex data and presenting actionable insights, The Supply Chain Report empowers business leaders, policymakers, and logistics professionals to optimize their operations and drive forward with confidence in an interconnected world.

Connect With Us

  • About
  • Events
  • Privacy Policy
  • Contact Us

© 2024 International Centre for Trade Transparency Limited. Incorporated in the United Kingdom.

No Result
View All Result
  • Home
  • Industry
    • Supply Chain
    • Logistics & Transportation
    • Importing & Exporting
    • Manufacturing
    • Warehousing & Distribution
  • Compliance
    • Supply Chain Transparency
    • Anti-Money Laundering (AML)
    • Know Your Customer (KYC)
    • Risk Management
    • Export Controls
    • Sanctions
  • Global Trade
    • Market Trends
    • Economic Indicators
    • Sourcing
    • Trade Policies
    • International Relations
    • Trade Agreements
    • Tariffs & Duties
    • Import/Export Statistics
  • Luxury Goods
  • Industry
    • Blockchain in Supply Chain
    • Importing & Exporting
    • Automation & Robotics
    • Artificial Intelligence in Trade
    • Data & Analytics
  • Sustainability & Ethics
    • Green Supply Chains
    • Sustainable Logistics
    • Ethical Sourcing
    • Corporate Social Responsibility
    • Environmental Policies
  • Security & Risk
    • Cybersecurity in Trade
    • Fraud & Scams
    • Risk Mitigation
    • Security Protocols
    • Data Protection
  • ITC News
    • ITC Featured Members
    • ITC Business Councils Highlights
  • Events
    • Upcoming Conferences
    • Upcoming FREE Educational Webinars

© 2024 International Centre for Trade Transparency Limited. Incorporated in the United Kingdom.