MANILA, April 11 (Xinhua) -- The Philippines' total external trade in goods fell by 14.4 percent in February 2023 to 14.03 billion U.S. dollars, the Philippine Statistics Authority (PSA) said on Tuesday.
Of the total external trade in February, 63.8 percent were imported goods, while the rest were exported goods, the agency said.
The balance of trade amounted to -3.88 billion U.S. dollars, indicating a trade deficit with an annual decrease of 2.7 percent, it added.
According to the agency, China was the Philippines' highest supplier of imported goods and also contributed the third highest export value in February. ■