Trade gap thins to 9-month lowThis photo shows crates carried by a forklift in the port of Manila. MANILA, Philippines — The Philippines posted its smallest trade deficit in nine months in November as exports continued to grow, while imports declined. This is the lowest trade gap since the $2.97 billion deficit in February. From January to November, the country posted a lower trade deficit of $45.20 billion from $50.18 billion in the same period last year. He said some agricultural exports to the US have also been exempted from the 19 percent tariff imposed on Philippine exports.

Source: Philippine Star December 26, 2025 16:17 UTC