Philippines balance of trade


Philippines balance of trade: -5086999 (15.81%)
Last Update: September 30, 2024

Philippines balance of trade closed down -5086999 as of September 30, 2024 from -4392562 from the previous month and -3548312 from last year.


Philippines balance of trade Analytics & Data




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Philippines balance of trade

Date Values
2024-09-30 -5086999
2024-08-31 -4392562
2024-07-31 -4875940
2024-06-30 -4303000
2024-05-31 -4707383
2024-04-30 -4728724
2024-03-31 -3349476
2024-02-29 -3555713
2024-01-31 -4355122
2023-12-31 -4178123
2023-11-30 -4769451
2023-10-31 -4240985
2023-09-30 -3548312
2023-08-31 -4105107
2023-07-31 -4124483
2023-06-30 -3936269
2023-05-31 -4402371
2023-04-30 -4832338
2023-03-31 -5021001
2023-02-28 -3905189.68
2023-01-31 -5743651.01
2022-12-31 -4520974.92
2022-11-30 -3717412.38
2022-10-31 -3313096.32

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Philippines balance of trade Statistics


Indicator Symbol Actual Previous M/M% Y/Y% Trend Slope Percentile Update
balance of trade ph.balanceoftrade -5086999.0 -4392560 16 43 Down Down 70 2024-09-30

Philippines balance of trade Quantitative Analysis, Charts & Factors

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Philippines balance of trade Historical Data

The MacroVar database offers free access to historical data for the Philippines balance of trade, dating back to 1950. This extensive dataset is readily available through MacroVar versatile platforms, including a user-friendly web interface, a robust Python API, and convenient Excel integration. By leveraging these tools, users can efficiently retrieve and analyze decades of Philippines balance of trade data, supporting a wide range of research, financial analysis, and decision-making processes.

What is the Philippines balance of trade

The balance of trade in the Philippines refers to the difference between the value of the country's exports and imports. A positive balance of trade occurs when the value of exports exceeds the value of imports, resulting in a trade surplus. This indicates that the country is exporting more goods and services than it is importing, which can lead to an increase in foreign exchange reserves and boost the overall economy. On the other hand, a negative balance of trade, or trade deficit, occurs when the value of imports exceeds the value of exports. This can put a strain on the country's foreign exchange reserves and may lead to economic challenges. The Philippines has experienced fluctuations in its balance of trade over the years, with efforts being made to promote export-led growth and reduce dependency on imports.