The latest statistics showed that trade gap
reached US$15.49 billion in FY19, down from $18.17 billion in FY18.
narrows anew in June !-- -- Ian Nicolas Cigaral (Philstar.com) - August 7, 2019 - 3:06pm MANILA, Philippines The Philippines' trade gap
narrowed anew in June on the back of falling imports, the country's statistics agency reported Wednesday.
A strong inflow of dollars is helping the Philippines weather the impact of record levels of foreign exchange outflow due to a yawning trade gap
and also helping create a favorable investment climate, according to a high-ranking central bank official.
THE Philippines is eyeing to export Mitsubishi Mirage G4 and Toyota Vios, as well as automobile parts, to Indonesia to trim the trade gap
between the two economies.
Pakistan's economic managers believe that with this step, the huge trade gap
between China and Pakistan will contract.
Treasury Action: yields steadied above lows into the trade report, which registered a modest narrowing of the trade gap
from 10-year wides, while stocks are loitering around unchanged.
The US trade gap
with the rest of the world jumped to a 10-year high of $621bn (APS472.5bn) last year, dealing a blow to President Donald Trump's deficit reduction plan.
Stephen Stanley, chief economist at Amherst Pierpont Securities, suggested that the trade gap
climbed so quickly because importers were rushing to bring their goods into the United States before a planned expansion of tariffs Chinese products on January 1.
In 2006, trade gap
was $3.24 billion, which grew to $16.42 billion in 2017.
Summary: TEHRAN (FNA)- The US trade deficit jumped to a 10-year high in October, suggesting the tariffs imposed this year on allies and adversaries alike by US President Donald Trump to shrink the trade gap
have so far been ineffective.
The result showed the trade gap
has continued to swell despite the punitive tariffs imposed this year on allies and adversaries alike by President Donald Trump, who has who has sought to shrink deficits he blames for job losses.
He said the issue of wide trade gap
between Pakistan and China was taken up during the recent visit of Chinese foreign minister.