Philippines November trade deficit at $3.5 billion

The economic impact of the intensifying trade war between Washington and Beijing appeared to deepen last month with factory activity and export orders weakening across Asia. (Philstar/File photo)

 The Philippines posted a trade deficit of $3.5 billion in November, as exports rose 21.3% from a year earlier versus the 2% decrease in imports, government data showed on Friday.

The value of imports PHIMP=ECI reached $10.4 billion while exports PHEXP=ECI totalled $6.9 billion, the Philippine Statistics Authority said.

—Reporting by Mikhail Flores; Editing by Martin Petty

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