Manila, March 14 (SocialNews.XYZ) The Philippines' total external trade in goods fell by 2.4 per cent in January to $16.20 billion, authorities said on Tuesday.
The Philippine Statistics Authority (PSA) said that of the total external trade in January, 67.7 per cent were imported goods, while the rest were exported, reports Xinhua news agency.
The balance of trade amounted to $-5.74 billion dollars, indicating a trade deficit with an annual increase of 27.2 per cent, it added.
In December 2022, the annual decrease was 8.9 per cent and trade deficit recorded an annual decline of 11.9 per cent.
Source: IANS
Gopi Adusumilli is a Programmer. He is the editor of SocialNews.XYZ and President of AGK Fire Inc.
He enjoys designing websites, developing mobile applications and publishing news articles on current events from various authenticated news sources.
When it comes to writing he likes to write about current world politics and Indian Movies. His future plans include developing SocialNews.XYZ into a News website that has no bias or judgment towards any.
He can be reached at gopi@socialnews.xyz
This website uses cookies.
