Philippines posts $3.2 billion trade deficit in March
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FILE PHOTO: Trucks transporting containers with imported items are prepared to leave a port in Manila, Philippines May 25, 2016. REUTERS/Erik De Castro/File Photo
MANILA (Reuters) - The Philippines posted a trade deficit of $3.2 billion in March, the narrowest since May 2021, preliminary official data showed on Wednesday.
Imports fell 20% to $9.3 billion in March from a year earlier, the biggest drop since a 20.8% drop in July 2020, while exports fell 7.3% to $6.13 billion, the Philippine Statistics Authority said.
(Reporting by Mikhail Flores and Neil Jerome Morales; Editing by John Mair)
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