BusinessWorld E-paper
December 13, 2023
THE Philippines’ trade-in-goods deficit widened to a three-month high of $4.17 billion in October, as exports declined by double digits amid sluggish global demand.
Preliminary data from the Philippine Statistics Authority (PSA) showed the value of merchandise exports fell by 17.5% to $6.36 billion, from the 6.3% drop in September and a reversal of the 20.1% growth a year ago.
