The Philippine trade deficit widened in November even as imports contracted while exports posted double-digit growth, government data released on Tuesday showed.
The Philippine trade deficit widened in November even as imports contracted while exports posted double-digit growth, government data released on Tuesday showed.
Of the total external trade, imported goods accounted for 60.3% or $10.777 billion. This is 1.9% lower than the $10.984 billion the previous year, and down from $11.023 billion the previous month. China remained the biggest supplier of imported goods to the Philippines with $2.60-billion worth of receipts during the month, followed by Indonesia with $1.14 billion, Japan with $927.50 million, USA with $735.40 million, and the Republic of Korea with $691.74 million.
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