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Philippines' external trade drops 2.1 pct in January

0 Comment(s)Print E-mail Xinhua, March 12, 2024
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MANILA, March 12 (Xinhua) -- The Philippines' total external trade in goods declined 2.1 percent year-on-year in January to 16.09 billion U.S. dollars, the Philippine Statistics Authority (PSA) said on Tuesday.

Of the total external trade in January, 63.1 percent were imported goods, while the rest were exported goods, the agency said.

The PSA said trade deficit in January amounted to 4.22 billion dollars, a decrease of 24 percent compared to a year ago.

China continues remaining the Philippines' largest supplier of imported goods. Enditem

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