Philippines posts biggest trade gap in Octber since start of 2019

MANILA, Dec 10 (Reuters) – The Philippines’ monthly trade deficit widened to $4.02 billion in October PHTBAL=ECI, the biggest gap since January 2019, as imports continued to outpace growth in exports, government data on Friday showed.

Imports in October PHIMP=ECI jumped 25.1% from a year earlier to $10.43 billion, while exports PHEXP=ECI rose 2% to $6.41 billion, the Philippine Statistics Authority said.

(Reporting by Neil Jerome Morales and Enrico Dela Cruz
Editing by Ed Davies
)

((enrico.delacruz@tr.com))