By Beatriz Marie D. Cruz, Reporter
THE PHILIPPINES’ trade deficit narrowed year on year in April but posted the widest level in five months, as exports and imports posted double-digit growth, the statistics agency said on Tuesday.
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 $4.76-billion deficit in April, 1.5% lower than the $4.83-billion gap in the same month in 2023.
Month on month, the trade gap widened from the $3.44-billion deficit in March.
Support authors and subscribe to content
This is premium stuff. Subscribe to read the entire article.
Login if you have purchased
