Trade surplus narrowed in 2018 on higher machinery imports

No Image

The country recorded a P910 million surplus in the trade of merchandise goods for 2018, a fall from a P6.1 billion surplus in 2017.

The merchandise trade balance is the difference between the value of imported goods and exported goods. 

The country has enjoyed annual surpluses dating back to 2014. Prior to that, an intensive power and water development drive swelled imports, leading to a series of trade deficits, including the peak in 2012 at P16.3 billion.

Editor's Comment
Our hopes are on you!

The elections had two teams namely: Team Reshaping MISA and Team Integrity. All Team reshaping MISA member won except for one candidate for the Secretary post. One can say it was a long road to the elections, looking at the fact that it took four years for the elections to be held. MISA board elections are supposed to be held every two years, but they could not be held in time due to the outbreak of the COVID-19 pandemic, which affected many...

Have a Story? Send Us a tip
arrow up