Trade deficit widens to $4.38B in August

Oct 11, 2024 12:17 am

THE country's trade deficit expanded in August from a year earlier as imports edged up and exports barely moved, Philippine Statistics Authority data showed on Wednesday.

The $4.37-billion shortfall — up from $4.10 billion in August last year — came as imports rose 2.7 percent to $11.12 billion and exports grew by just 0.3 percent to $6.75 billion, respectively, from $10.83 billion and $6.73 billion.

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