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Philippine April trade gap narrows
The Philippine trade deficit widened to $4.773 billion in April, an increase from the previous year but narrower than the deficit recorded in March.
Total imports for April reached $10.901 billion, a 23% annual increase, primarily driven by mineral fuels, lubricants and related materials, transport equipment, and cereals.
Philippine exports grew by 6.0% annually, reaching $6.128 billion in April.
The People's Republic of China remained the country's biggest supplier of imported goods valued at $2.27 billion.
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