The Philippines posted a trade deficit of $3.88 billion for February PHTBAL=ECI, the smallest gap in three months, the statistics agency said on Tuesday.
Imports in February PHIMP=ECI shrank 12.1% to $8.95 billion from a year earlier, the steepest drop since November 2020. Exports PHEXP=ECI fell 18.1% to $5.08 billion, the biggest decline since May, 2020, preliminary data showed.
—Reporting by Neil Jerome Morales and Enrico Dela Cruz; Editing by Ed Davies