Trade data discrepancies are on the downtrend and will further be reduced once a digital platform becomes operational, the Finance department said on Friday.

In an economic bulletin, the department said that a comparison of data reported in the International Monetary Fund’s Direction of Trade Statistics and by the Philippine Statistics Authority (PSA) showed that trade data discrepancy had declined to 33.1 percent in 2017 from 40.8 percent and 37.3 percent in 2015 and 2016, respectively.