Trade deficit hits 6-month low in Aug.

By Lourdes O. Pilar, Researcher

THE Philippines’ trade deficit in goods shrank to a six-month low in August, as exports increased while imports fell, the Philippine Statistics Authority (PSA) reported on Tuesday.

Preliminary data from the PSA showed the country’s trade-in-goods deficit — the difference between exports and imports — narrowed to $3.54 billion in August. This is 19.4% down from the $4.4-billion deficit in the same month in 2024.