MANILA, April 8 (Reuters) - The Philippines posted its
smallest trade deficit in more than two years in February as
imports declined, and exports continued to grow although at a
much smaller pace, the statistics agency said on Wednesday.
The trade deficit narrowed to $1.65 billion, the smallest
since July 2017, data showed.
Imports fell 11.6% in February due to a double digit decline
in the purchase industrial machinery, transport and
telecommunication equipment, among others, while exports rose
2.8%, slower than the previous month's 9.7% growth.