March trade gap widens to $5 billion

By Mayvelin U. Caraballo

May 07, 2022 12:17 am

THE Philippines' trade balance in March this year hit its widest deficit in three months, according to the preliminary Philippine Statistics Authority (PSA) data released on Friday.

Imports saw a year-on-year uptick of 27.7 percent to $12.17 billion, while exports soared by 5.9 percent to $7.17 billion.

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