Trade gap narrows to nine-month low in November

THE PHILIPPINES’ trade deficit in goods narrowed further in November as export growths quickened year on year, the Philippine Statistics Authority (PSA) reported on Friday.

Preliminary data from the PSA showed the country’s trade-in-goods balance — the difference between exports and imports — stood at a shortfall of $3.51 billion in November, 28.8% lower than the revised $4.94-billion gap a year earlier.