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.

May 08, 2024
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