{"id":3430,"date":"2025-03-28T01:20:27","date_gmt":"2025-03-28T01:20:27","guid":{"rendered":"https:\/\/sanggraloka.com\/philippines-sees-trade-deficit-narrow-sharply-to-3-15-billion-in-february\/"},"modified":"2025-03-28T01:20:27","modified_gmt":"2025-03-28T01:20:27","slug":"philippines-sees-trade-deficit-narrow-sharply-to-3-15-billion-in-february","status":"publish","type":"post","link":"https:\/\/sanggraloka.com\/en\/philippines-sees-trade-deficit-narrow-sharply-to-3-15-billion-in-february\/","title":{"rendered":"Philippines Sees Trade Deficit Narrow Sharply to $3.15 Billion in February"},"content":{"rendered":"<p>\n MANILA \u2014 The trade gap in the Philippines narrowed to its smallest size in almost four years during February, driven by continued growth in exports albeit at a reduced rate along with a decline in imports, according to initial government statistics released on Friday.\n<\/p>\n<p>\n According to the Philippine Statistics Authority, the trade shortfall decreased to $3.15 billion in February, marking the lowest level since June 2021. The deficit for January underwent a slight revision upwards to $5.12 billion from an initially stated figure of $5.08 billion.\n<\/p>\n<p>\n In February, exports climbed by 3.9%, amounting to $6.2 billion, which was a deceleration from January\u2019s increase of 6.3%. On the other hand, imports dropped by 1.8% year-over-year to reach $9.4 billion, contrasting with the prior month\u2019s expansion of 11.2%.\n<\/p>\n<p>\n The economy grew at an annual rate of 5.2% during the last quarter of 2024, maintaining the same speed as in the prior period yet falling short of what analysts had anticipated. The administration plans to publish the first-quarter growth data on May 8.\n<\/p>\n<p>\n<strong><br \/>\n  \u2014 Reported by Karen Lema; Edited by John Mair<br \/>\n <\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>MANILA \u2014 The trade gap in the Philippines narrowed to its smallest size in almost four years during February, driven by continued growth in exports albeit at a reduced rate along with a decline in imports, according to initial government statistics released on Friday. According to the Philippine Statistics Authority, the trade shortfall decreased to [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":337,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[284,725,376,596,1262],"tags":[],"class_list":["post-3430","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economics","category-exports","category-finance-news","category-international-trade","category-philippines-economy"],"jetpack_publicize_connections":[],"jetpack-related-posts":[],"jetpack_featured_media_url":"https:\/\/sanggraloka.com\/wp-content\/uploads\/2025\/03\/AA1BO5Sy.jpg","_links":{"self":[{"href":"https:\/\/sanggraloka.com\/en\/wp-json\/wp\/v2\/posts\/3430","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/sanggraloka.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/sanggraloka.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/sanggraloka.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/sanggraloka.com\/en\/wp-json\/wp\/v2\/comments?post=3430"}],"version-history":[{"count":0,"href":"https:\/\/sanggraloka.com\/en\/wp-json\/wp\/v2\/posts\/3430\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/sanggraloka.com\/en\/wp-json\/wp\/v2\/media\/337"}],"wp:attachment":[{"href":"https:\/\/sanggraloka.com\/en\/wp-json\/wp\/v2\/media?parent=3430"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/sanggraloka.com\/en\/wp-json\/wp\/v2\/categories?post=3430"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/sanggraloka.com\/en\/wp-json\/wp\/v2\/tags?post=3430"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}