Breaking news: The country’s trade balance of trade deficit further narrowed to a $3.307-billion deficit in October as exports growth rose while imports eased, the Philippine Statistics Authority (PSA) reported on Tuesday morning. Read:
The country’s trade balance of trade deficit further narrowed to a $3.307-billion deficit in October as exports growth rose while imports eased, the Philippine Statistics Authority reported on Tuesday morning.
This was the slowest pickup of imports in 21 months or since the 11.8% decline logged in January 2021. The imports print also ended its 19 straight months of double-digit expansion. Total trade — the sum of exports and imports — grew by 12.3% to $18.698 billion. This pace was faster than the revised 11.5% in September, but lower than the 13.8% in October 2021.
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