Trade deficit narrows to $3.18B

By Janine Alexis Miguel

May 09, 2024 12:29 am

THE country's trade deficit narrowed in March as a decline in imports markedly outpaced that for exports, preliminary Philippine Statistics Authority (PSA) data showed on Wednesday.

Total trade in goods contracted by 15.4 percent to $15.44 billion during the month from $18.24 billion a year earlier, with imports totaling $9.31 billion and exports $6.13 billion.

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