Economic Indicators

Philippines posts widest trade gap in 20 months

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2024.11.05 21:31

MANILA (Reuters) – The Philippines posted a trade deficit of $5.09 billion for September, the largest gap in 20 months, preliminary official data showed on Wednesday.

© Reuters. A vendor tends to a customer at a public market in Quezon City, Metro Manila, Philippines, October 4, 2024. REUTERS/Eloisa Lopez/ File Photo

Imports in September rose by an annual 9.9%, the largest increase since April, to $11.34 billion.

Exports fell 7.6%, the biggest drop since June, to $6.26 billion, the Philippine Statistics Authority said.

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