The Philippines recorded a narrower trade deficit in February, although it remained wider compared to the same period last year, according to data released by the Philippine Statistics Authority (PSA). The country’s balance of trade in goods posted a $3.682-billion deficit, improving from the $4.274-billion shortfall in January but higher than the $2.991-billion deficit recorded earlier.
Philippines: Trade deficit narrows in February
The Philippines reported a trade deficit of $3.682 billion in February, an improvement from January but wider than last year's figures. Data from Philippine Statistics Authority.
