By Lourdes O. Pilar, Researcher
THE PHILIPPINES’ trade deficit in November narrowed to its smallest in three months, as exports and imports both declined, data from the statistics office showed.
Preliminary data from the Philippine Statistics Authority (PSA) showed the country’s trade-in-goods balance — the difference between exports and imports — stood at a deficit of $4.767 billion in November, down by 0.04% from the $4.769-billion deficit in November 2023.
Month on month, the trade gap slimmed by 17.5% from the revised $5.78 billion in October.
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