Philippines trade deficit at $4.17 billion in October

December 12, 2023 - 10:32 AM
The ship Anna Maersk gets containers unloaded at Roberts Bank port including 69 containers of mostly paper and plastic waste returned by the Philippines in Vancouver, British Columbia, Canada June 29, 2019. (Reuters/Jason Redmond/File Photo)

 The Philippines posted a trade deficit of $4.17 billion for October, preliminary official data showed on Tuesday.

Imports in September fell 4.4% to $10.54 billion from a year earlier, posting its lowest decline since March.

Exports sank 17.5%, its steepest drop in six months, to $6.36 billion, the Philippine Statistics Authority said.

– Reporting by Neil Jerome Morales; Editing by Martin Petty