Philippine trade deficit hits 6-month high in March

MANILA, Philippines — The Philippines recorded a six-month high trade deficit of $4.5 billion in March. However, its widening stalled at just 0.1 percent year-on-year amid the Middle East war, the Philippine Statistics Authority (PSA) reported on Thursday. READ: Philippine trade deficit hits 9-month low in February Exports surged 20.4 percent to $6.78 billion, while imports rose 12.3 percent to $11.29 billion.  Both metrics were the highest recorded since the PSA began compiling trade data in 1991. READ: War in the Middle East: Latest developments Month-on-month, the trade deficit widened by over 12 percent from February’s revised $4 billion level. […]... Keep on reading: Philippine trade deficit hits 6-month high in March

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