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Philippine Trade Gap Widens In October

Por: RTTNews Business December 12, 2023

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The Philippine foreign trade deficit increased in October from a year ago as exports fell faster than imports, the Philippine Statistics Authority showed on Tuesday.The trade deficit rose to $4.17 billion in October from $3.31 billion in the same month last year. In September, the shortfall was $3.58 billion.Exports plunged 17.5 percent year-on-year in October, much faster than the 6.3 percent slump in the previous month. Further, this was the... + full article



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