Philippines posts biggest trade gap in Octber since start of 2019

MANILA : The Philippines' monthly trade deficit widened to US$4.02 billion in October, the biggest gap since January 2019, as imports continued to outpace growth in exports, government data on Friday showed.

Imports in October jumped 25.1per cent from a year earlier to US$10.43 billion, while exports rose 2per cent to US$6.41 billion, the Philippine Statistics Authority said.

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

Artmotion Asia

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button