Philippines reports smaller trade deficit of $3.5B in Nov
The Philippine Statistics Authority reported that the Philippines’ trade deficit narrowed to $3.51 billion in November 2025, down 28.8 percent from a year earlier, as exports grew 21.3 percent to $6.91 billion and imports slipped 2.0 percent to $10.423 billion. Total external trade reached $17.33 billion for the month, while year-to-date trade from January to November rose to $199.99 billion. Electronics remained the country’s top export and import product, and Hong Kong and China led as the Philippines’ main export market and import source, respectively.