Philippines posts $4.8 billion trade deficit in November

January 9, 2025 - 2:02 PM
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A worker shows Philippine peso bills inside a money changer in metro Manila, Philippines August 14, 2017. (Reuters/Dondi Tawatao/File Photo)

 The Philippines posted a trade deficit PHTBAL=ECI of $4.8 billion for November, preliminary official data showed on Thursday.

Imports PHIMP=ECI in November fell 4.9% to $10.5 billion from a year earlier, while exports PHEXP=ECI shrank 8.7% to $5.7 billion, the Philippine Statistics Authority said.

—Reporting by Mikhail Flores and Karen Lema; Editing by Martin Petty