The Philippines’ overall trade balance encompassing all products totaled -US$47.6 billion in red ink for 2018, up 204.3% from its -$15.7 billion deficit in 2011. Year over year, the Philippines’ -$47.6 billion trade deficit for 2018 represents a 43.6% uptick from -$33.2 billion one year earlier in 2017. Petroleum oils and automobiles were major factors […]
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