MANILA, Philippines — The Philippines posted a smaller trade deficit in July, driven by a double-digit increase in exports sales, the Philippine Statistics Authority (PSA) reported on Friday. READ: Strong export growth trims Philippine trade deficit in June The trade gap narrowed by 17 percent to $4 billion, data showed. READ: POST PRANDIUM: Why do we have a large trade deficit? Broken down, exports jumped by 17 percent to $7.34 billion, while imports edged up by 2.3 percent to $11.38 billion. /rwd... Keep on reading: Exports growth trimmed Philippine trade deficit in July