Trade shortfall widens to $2.4B in January

Mar 13, 2021 12:25 am

The country’s trade deficit expanded to its largest level in a year in January as imports outpaced exports, the Philippine Statistics Authority (PSA) reported on Friday.

Data from the statistics agency showed that the value of inbound shipments fell by 14.9 percent year-on-year to $7.91 billion and outbound ones declined by 5.2 percent to $5.48 billion.

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