Philippines

Balance of Trade fell to -4.51 in March 2026

Balance of Trade fell to -4.51 in March 2026, down 0.5 from February's -4.02 reading. The print came in cooler than the -4.1 consensus, a softer print than forecasters anticipated. The print is running well below the 12-month average of -3.75. Over the past 3 months, Balance of Trade averaged -3.87, vs -3.67 in the prior 3-month window. Balance of Trade is now the lowest in 13 months.