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Philippines posts biggest trade gap in Octber since start of 2019
December 10, 2021
By Reuters
By Reuters
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
)
This article originally appeared on reuters.com