PHL's Trade Gap Reaches Three-Month Low in May - BusinessWorld Online

Philippine trade deficit shrinks in May on strong exports

MANILA, Philippines — The Philippines’ foreign trade deficit narrowed by 30.4 percent to $3.29 billion in May after exports outperformed imports. READ: Import contraction cuts Philippine trade deficit in April Data from the Philippine Statistics Authority showed exports grew by 15.1 percent to $7.29 billion. READ: Killing exports, under(mining) growth Imports, meanwhile, contracted by 4.4

PHL's trade gap reaches three-month low in May - BusinessWorld Online

By Matthew Miguel L. Castillo The Philippines’ trade deficit in goods further slimmed to a three-month low in May as exports grew while imports continued to fall, the Philippine Statistics Authority (PSA) reported on Friday. Preliminary data from the PSA showed the country’s balance of trade in goods — the difference between the values of exports and imports — reached a deficit of $3.29 billion in May from the $4.73-billion gap in the same month…