Philippines June Trade Deficit $791 Million

The Philippines posted a trade deficit of $791 million for June, according to information released Tuesday. The government said imports to the Philippines increased 12.7 percent from one year earlier. Imports of electronics parts, assembled into finished products for export, fell 20.3 percent on year in June.

The decrease for May was revised to 15.5 percent. The government said lower purchases of electronics parts were offset by the rising costs of imported fertilizer, rice and fuel. Copyright(c) 2008 RealTimeTraders.com, Inc. All Rights Reserved