MANILA, Philippines — The Philippines recorded in January its highest trade deficit in three months. Still, the gap was narrower compared to year-ago levels thanks to continued growth in export sales. Data from the Philippine Statistics Authority showed that, year-on-year, the trade deficit narrowed by 17.8 percent to $4.05 billion. READ: Philippine trade deficit shrank in December Yet, this was the largest shortfall since October 2025’s $4.19 billion. Year-on-year growth of exports eased to 7.9 percent to $7.09 billion, which was also marking its highest level in three months.  READ: Supreme Court strikes down Trump’s sweeping tariffs Electronics, which has […]... Keep on reading: Philippine trade deficit continued shrinking in January