Philippines’ moment of trade health may prove fleeting in face of COVID-19 — Panjiva
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Philippines’ moment of trade health may prove fleeting in face of COVID-19

China 2205 Philippines 49 Taiwan 132 Trade Balance 784 Vietnam 233

International trade activity in the Philippines grew by 2.4% year over year in December, the first increase since March, driven by a 21.9% rebound in exports. It should be borne in mind though that Dec. 2018 was unusually weak and a 7.6% slide in imports across industrial materials would suggest the underlying economy may be struggling. The outlook for Q1 will depend on the impact of the COVID-19 coronavirus outbreak in China, which represented 27.4% of exports from the Philippines total and represented 51.0% of the dollar growth in exports in December. The governments of Taiwan and Viet...

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