Two-Fifths Of Falling Philippine Exports Exposed to U.S.-China Tariff Spat — Panjiva
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Two-Fifths Of Falling Philippine Exports Exposed to U.S.-China Tariff Spat

China 1758 Info Tech - Tech Hardware 378 Philippines 40 Tariffs 1169 Trade Balance 657 U.S. 3297

Philippine international trade activity climbed for the 21st month out of the past 22 with a 5% rise on a year earlier in May. Yet that was solely due to an 11% rise in imports, with exports falling for a fourth straight month by 4% (vs. 3% expected by economists). The major challenge for the export economy could be the widening tariff battle between the U.S. and China. Exports to China accounted for 27% of Philippine shipments year-to-date and are led by electronics components with eight of the top 10 export lines in the past 12 months or 52.1% of the total. U.S.-bound exports meanwhile...

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