BusinessWorld E-paper
March 15, 2023
THE PHILIPPINES’ trade-in goods deficit widened to a five month high in January as exports posted their steepest drop in over two years, the Philippine Statistics Authority (PSA) reported on Tuesday.
Preliminary data from the PSA showed the trade gap — the difference in value between exports and imports — ballooned to $5.74 billion in January from the $4.50-billion deficit in December and the $4.51-billion gap in January last year.
