PH trade deficit narrows 14.7% to $4.35B in September

The Philippines' trade-in-goods deficit for September decreased by 14.7% year-on-year to $4.35 billion.

This narrowing was driven by a significant increase in export sales, which rose by 15.9% to $7.25 billion.

Month-on-month, the trade gap widened to a two-month high from the revised $3.99 billion in August.

The September deficit was the widest since the $4.42-billion gap in July.

The country's trade gap had narrowed to $37.18 billion as of end-September from $39.43 billion in the same period last year.

Year-to-date exports increased by 13.1% to $63.02 billion.