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
Congratulations Anicia Gaothuse!

The contest had 10 beautiful young girls as finalists and unfortunately only one could wear the crown.The judges picked Anicia Gaothuse. To all those who feel their contestant should have won ahead of Anicia for whatever reason, hardly; the judges found Anicia to be the best among the best, so desist from disrespecting our newly crowned queen on social media or anywhere else, for that matter! Each of the 10 beautiful young women had supporters...

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