MANILA, April 8 (Reuters) – The Philippines recorded a $2.29
billion trade deficit in February, the smallest in
three months, as the value of imports fell to the lowest since
June last year, while a decline in exports slowed, official data
showed on Thursday.
Exports in February contracted 2.3% to $5.3 billion
from a year earlier, versus a 4.8% drop in January.
Imports rose 2.7% to $7.6 billion, the Philippine
Statistics Authority said.
(Reporting by Neil Jerome Morales and Enrico Dela Cruz
Editing by Ed Davies)
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