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TRADE GAP WIDENS
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By Bless Aubrey Ogerio
DESPITE the increase in export receipts, the country’s trade deficit widened in January, according to preliminary data from the Philippine Statistics Authority (PSA).
Figures from the PSA showed that the trade gap in January expanded by 16.9 percent to $5.09 billion from last year’s $4.35 billion. This is a reversal of the 21.9-percent decline recorded in the same month in 2024.
The January readout was also wider than the 0.8-percent decline recorded in December 2024.
Exports climbed by 6.3 percent to $6.36 billion in January from last year’s $5.98 billion. The pace of growth, however, was slow-
er than the 10 percent recorded in 2024.
Month-on-month, exports rebounded from the 1.9-percent decline in December 2024, when receipts reached $5.67 billion.
“The commodity group with the highest annual increment in the value of exports in January 2025 was other manufactured goods with $188.36 million,” the PSA said. “This was followed by coconut oil with an annual increase of $110.88 million, and other min-