The Philippine foreign trade deficit decreased in January from a year ago as exports surged amid a fall in imports, preliminary data from the Philippine Statistics Authority showed on Tuesday.
The trade deficit dropped to $4.22 billion in January from $5.56 billion in the same month last year. In December, the shortfall was $4.18 billion.
Exports grew 9.1 percent year-on-year in January, reversing the 0.5 percent decline in the previous month.
By commodity group, electronic products continued to be the country's top exports in January, accounting for 58.2 percent of the total outflows during the period, the agency said.
Imports fell 7.6 percent annually in January, faster than the 3.5 percent decrease in the previous month.
Economic News
作者：RTTNews Staff Writer，文章来源RTTNews，版权归原作者所有，如有侵权请联系本人删除。
风险提示：本文所述仅代表作者个人观点，不代表 Followme 的官方立场。Followme 不对内容的准确性、完整性或可靠性作出任何保证，对于基于该内容所采取的任何行为，不承担任何责任，除非另有书面明确说明。
加载失败()