By Matthew Miguel L. Castillo, Researcher
The country’s trade-in-goods deficit narrowed by 17.8% year on year in January as exports growth moderated while imports declined, the Philippine Statistics Authority reported on Friday.
Preliminary data from PSA showed trade balance in goods — the difference between the values of merchandise exports and imports — reached a $4.05-billion deficit that month, narrower than the $4.93-billion gap recorded in January last year.
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