PH agri trade deficit narrowed in April

The Philippines’ trade deficit in agricultural goods shrank in April, marking its lowest level since February 2021

The deficit narrowed by 34.7 percent to $600.09 million in April from $919.64 million in the same month last year, according to the Philippine Statistics Authority (PSA).

In February 2021, the deficit for agriculture was pegged at $510.78 million.

Last April, agricultural exports increased by 33.2 percent to $1.03 billion, the highest level since 2020.

Animal, vegetable or microbial fats and oils and their cleavage products emerged as the top agricultural export product with $443.57 million in receipts.

Meanwhile, agricultural imports fell by 3.7 percent to $1.63 billion. This was the lowest since June 2025 when imports amounted to $1.55 billion.

Cereals were the most imported agricultural product, amounting to $321.65 million.

This brought total agricultural trade to $2.66 billion, rising by 7.8 percent. The PSA noted that the April figure was the lowest since February this year, when trade in farm goods reached $2.46 billion.

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