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Manila Times Business

Trade deficit widens as imports accelerate

THE country’s trade deficit widened in April as imports surged and exports slowed, preliminary Philippine Statistics Authority (PSA) data showed on Friday. At $5.97 billion, the shortfall was nearly double the $3.98 billion posted a year ago and also rose from March’s $5.03 billion. Total trade in goods reached $20.38 billion with imports accounting for $13.17 billion and exports at $7.21 billion, up 22.4 percent and 6.3 percent, respectively, from a year ago. Imports rebounded from

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Source: manilatimes.net

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