Philippines’ Trade Growth a Game Of Two Halves, One Big Risk — Panjiva


Philippines’ Trade Growth a Game Of Two Halves, One Big Risk

China 1761 Philippines 40 Tariffs 1172 Trade Balance 657 U.S. 3306

The Philippines experienced a 14% growth in international trade in June, with a clear split between the import and export sides of the economy. Imports surged on the basis of higher energy prices. Exports meanwhile contracted by 0.1% as a slump in raw materials and intermediate goods offset a 14% surge in electronics shipments. The export economy was also split with shipments to Japan and South Korea down 32% and 58% respectively while exports to China and America rose 15% and 19%. Looking ahead though the expanding trade war between China and the U.S. may have a knock-on effect for supp...

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