Philippines posts $4 billion trade deficit in December, four-month low
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A woman carries a water container near the port area in Manila, Philippines, October 24, 2022. REUTERS/Lisa Marie David/File Photo
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MANILA - 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. REUTERS
