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Philippines' trade deficit narrows to six-month low in Dec

Published 02/11/2020, 09:25 AM
Updated 02/11/2020, 09:32 AM
Philippines' trade deficit narrows to six-month low in Dec

MANILA, Feb 11 (Reuters) - The Philippines' trade deficit
narrowed to its lowest level in six months in December, due to a
surge in exports, government data showed on Tuesday.
Exports climbed 21.4% in December from a year earlier, while
imports shrank 7.6% from a year ago, the Philippine Statistics
Authority said. The trade deficit reached $2.48 billion in
December, the lowest since June, and smaller than the previous
December's $4.2 billion.

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