The country’s trade deficit shrank to $500 million in April from a month and a year earlier as both exports and imports plunged by at least 50 percent, the Philippine Statistics Authority (PSA) reported on Wednesday.
This April 2, 2020 file photo shows idle containers and cranes at the Port of Manila. That month saw the country’s trade deficit shrink by 86.9 percent year-on-year to $500 million, the Philippine Statistics Authority reported on June 10, 2020. PHOTO BY MIKE ALQUINTO