MANILA -The Philippines’ deficit in the trade of goods shrank by 14.9 percent year-on-year in April when the import bill exceeded export earnings by $4.53 billion compared to $5.3 billion in the same month last year.
Preliminary data at the Philippine Statistics Authority show that while the trade gap narrowed significantly, two-way traffic of goods in April also declined by 18.6 percent to $14.3 billion from $17.6 billion.
Last April, export receipts fell by 20.2 percent to $4.9 billion from $6.1 billion a year ago.
In the same months compared, imports also fell by 17.7 percent to $9.4 billion from $11.46 billion.
A month earlier, in March, the trade deficit ballooned by 4.2 percent while two-way traffic eased by 4.2 percent.
READ:
Lower exports widen PH trade deficit in March
Your subscription could not be saved. Please try again.
Your subscription has been successful.
Read Next
Subscribe to INQUIRER PLUS to get access to The Philippine Daily Inquirer & other 70+ titles, share up to 5 gadgets, listen to the news, download as early as 4am & share articles on social media. Call 896 6000.
For feedback, complaints, or inquiries, contact us.
For all the latest Business News Click Here
For the latest news and updates, follow us on Google News.
