May trade deficit narrows to $4.60 billion – PSA

The country’s trade-in-goods deficit in May narrowed as exports and imports fell after a month of expansion. Preliminary data from the Philippine Statistics Authority (PSA) showed the trade-in-goods balance — the difference between exports and imports — amounted to a $4.60 billion deficit in May, narrowing from the $4.73-billion shortfall recorded in the previous month,
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