BusinessWorld E-paper
August 09, 2023
THE PHILIPPINE trade-in-goods deficit narrowed for a third consecutive month in June as imports contracted to a near three year low while exports were flat as global demand for goods weakened.
The value of merchandise imports contracted by 15.2% year on year to $10.62 billion in June, worse than the revised 8.1% drop in May, preliminary data from the Philippine Statistics Authority (PSA) showed on Tuesday. This was also a reversal of the 26.4% growth in June 2022.
