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Philippines posts biggest trade gap in Octber since start of 2019

December 10, 2021By 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

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