Philippines trade deficit widens to nine-month high in December

28-Jan-2021 Intellasia | Reuters | 6:02 AM Print This Post

Philippine exports dropped 0.2 percent in December from a year earlier, while imports contracted 9.1%, resulting in the widest monthly trade deficit since March, government data showed on Wednesday.Exports dipped to $5.74 billion, while imports dropped at the slowest pace in 11 months to $7.92 billion, leading to a trade gap of $2.18 billion for the month and a full-year deficit of $21.8 billion.


Category: Philippines

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