BusinessWorld E-paper
December 14, 2022
THE PHILIPPINES’ trade deficit stood at $3.31 billion in October, the narrowest gap in 17 months, as exports growth continued to outpace imports, the Philippine Statistics Authority (PSA) reported on Tuesday.
Preliminary data from the PSA showed the value of exports rose by 20% year on year to $7.70 billion in October, the fastest pace in 17 months or the 30.8% in May 2021.
