Philippines posts $4.93 billion trade deficit for March

May 9, 2023 - 9:41 AM
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Shipment to Canada
The ship Anna Maersk is docked at Roberts Bank port carrying 69 containers of mostly paper and plastic waste returned by the Philippines in Vancouver, British Columbia, Canada June 29, 2019. (Reuters/Jason Redmond)

 The Philippines posted a trade deficit PHTBAL=ECI of $4.93 billion for March, preliminary official data showed on Tuesday.

Imports PHIMP=ECI in March fell 2.7% to $11.46 billion from a year earlier, while exports PHEXP=ECI declined 9.1% to $6.53 billion, the Philippine Statistics Authority said.

—Reporting by Neil Jerome Morales and Enrico Dela Cruz; Editing by Martin Petty