Trade surplus narrowed in 2018 on higher machinery imports

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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
Enough is enough!

On Saturday at around 9am it was reported that an accident claimed the lives of five people who happened to be related. The car they were travelling in is said to have attempted to overtake only to realise that the oncoming car was fast approaching. When the driver tried to get back to his lane, he hit the car he was trying to drive past whilst overtaking.Many quickly took to social media to show sympathy to the victims and also offer their...

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