PH trade deficit shrank by nearly 15% in April
newscatcher
2023-06-09 05:30
PH trade deficit shrank by nearly 15% in April
MANILA -The Philippines' deficit in the trade of goods shrank by 14.9 percent year-on-year in April when the import bill exceeded export earnings by $4.53 billion compared to $5.3 billion in the same month last year. Preliminary data at the Philippine Statistics Authority show that while the trade gap narrowed significantly, two-way traffic of goods in April also declined by 18.6 percent to $14.3 billion from $17.6 billion. Last April, export receipts fell by 20.2 percent to $4.9 billion from $6.

https://business.inquirer.net/404595/ph-trade-deficit-shrank-by-nearly-15-in-april

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