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In March, the Philippines' total external trade shrank 15.4% to $15.44B, with imports down 20% and exports down 7.3%; trade deficit decreased 36.
The Philippines' total external trade shrank by 15.4% in March, reaching $15.44 billion, according to the Philippine Statistics Authority.
Imports decreased by 20%, while exports dropped by 7.3%.
The trade deficit in March was $3.18 billion, a 36.6% decrease compared to the previous year.
China remained the Philippines' largest supplier of imported goods and its second-largest export destination.
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En marzo, el comercio exterior total de Filipinas se contrajo un 15,4% a 15.440 millones de dólares, con una caída de las importaciones del 20% y de las exportaciones del 7,3%; El déficit comercial disminuyó 36.