Philippines Trade Boom Supported By Steel, Not Helped By Slow FTA Progress — Panjiva
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Philippines Trade Boom Supported By Steel, Not Helped By Slow FTA Progress

China 1758 Philippines 40 Trade Balance 657 Trade Deals 702 U.S. 3297

The Philippines’ international trade boom entered its 22nd straight month with an 18% rise vs. a year earlier. The expansion was led by imports of commodities with the result that total imports rose 32% on a year earlier. Export growth was lackluster at just 0.3% and reflects a decline in shipments to Japan among others. The rapidly fragmenting RCEP talks may mean rescue from a regional trade deal is unlikely in the near-term. Shipments to China, which rose 11%, may be interrupted by reduced import needs resulting from the trade war with America. A trade deal with the U.S., exports to wh...

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