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HomeWorldPhilippines posts $4 billion trade deficit in December, four-month low

Philippines posts $4 billion trade deficit in December, four-month low

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MANILA (Reuters) – The Philippines posted a trade deficit of $4.01 billion for December, its narrowest gap in four months, government data showed on Friday.

Imports in December declined 5.1% to $9.8 billion from a year earlier, while exports eased 0.5%, its slowest drop since posting an uptick in August, to $5.8 billion, the Philippine Statistics Authority said.

(Reporting by Neil Jerome Morales and Mikhail Flores; Editing by Kanupriya Kapoor)

Disclaimer: This report is auto generated from the Reuters news service. ThePrint holds no responsibilty for its content.

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