MANILA — The Philippines posted a trade deficit PHTBAL=ECI of $3.2 billion in March, the narrowest since May 2021, preliminary official data showed on Wednesday.
Imports PHIMP=ECIfell 20% to $9.3 billion in March from a year earlier, the biggest drop since a 20.8% drop in July 2020, while exports PHEXP=ECIfell 7.3% to $6.13 billion, the Philippine Statistics Authority said.
(Reporting by Mikhail Flores and Neil Jerome Morales; Editing by John Mair)
— Reporting by Mikhail Flores and Neil Jerome Morales; Editing by John Mair