BusinessWorld E-paper
July 11, 2024
THE PHILIPPINES’ trade gap widened slightly in May, as exports and imports contracted on an annual basis, the statistics agency said on Wednesday.
Preliminary data from the Philippine Statistics Authority (PSA) showed that the country’s trade-in-goods balance — the difference between exports and imports — stood at a $4.601 billion deficit in May, slightly wider than the $4.4-billion gap a year ago.
