THE Philippines’ trade-in-goods deficit narrowed to $3.95 billion in June, as double-digit export growth was driven by frontloading in the run-up to higher US tariffs, the Philippine Statistics Authority (PSA) said on Wednesday.
Preliminary data from the PSA showed the country’s balance of trade in goods — the difference between the values of exports and imports — stood at a $3.95-billion deficit in June, slimmer than the $4.34-billion gap a year earlier. It was the widest trade deficit since the $3.97-billion gap seen in April.
Month on month, the trade gap widened from the revised $3.63-billion deficit in May.
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