Philippines logs $4.39 billion trade deficit for May

July 11, 2023 - 9:11 AM
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1000 cash
This undated file photo shows one thousand peso bills. (The STAR/Walter Bollozos/File Photo)

 The Philippines posted a trade deficit PHTBAL=ECI of $4.39 billion for May, preliminary official data showed on Tuesday.

Imports PHIMP=ECI in May fell 8.8% to $10.84 billion from a year earlier, while exports PHEXP=ECIincreased 1.9% to $6.44 billion, the Philippine Statistics Authority said.

—Reporting by Neil Jerome Morales and Karen Lema; Editing by Martin Petty