THE PHILIPPINES’ trade gap widened slightly in May, as exports and imports contracted on an annual basis, the statistics agency said on Wednesday.
Preliminary data from the Philippine Statistics Authority (PSA) showed that the country’s trade-in-goods balance — the difference between exports and imports — stood at a $4.601-billion deficit in May, slightly wider than the $4.4-billion gap a year ago.
However, the May trade gap narrowed from the $4.73-billion deficit in April.
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