Trade Deficit at USD 3.54 Billion in August 2025, Lowest in Six Months

The Philippines’ balance of trade in goods fell to a deficit of USD 3.54 billion (PHP 208.05 billion) in August 2025, the smallest in six months. Year-on-year, this translates to a 19 percent decline from the USD 4.4 billion (USD 258.60 billion) deficit in August 2024. The overall sluggish growth in the country’s external trade drove the decrease in deficit, with weak imports mainly causing the smaller gap between the Philippines’ exports and imports.

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