Intellasia East Asia News – Philippines April exports, imports rise at fastest pace in over a decade

Philippine merchandise imports grew a hefty 140.9% in April from a year earlier, while exports jumped 72.1%, both rising at their fastest pace in more than a decade, government data showed on Wednesday.

Imports totalled $8.45 billion, while exports reached $5.72 billion, yielding a trade deficit of $2.73 billion. This marked the tenth straight month that the gap has exceeded $2 billion, Philippine Statistics Authority data showed.

https://www.reuters.com/world/asia-pacific/philippines-april-exports-imports-rise-fastest-pace-over-decade-2021-06-09/

 

Category: Philippines