Philippines' total external trade up 9.7 pct in February-Xinhua

Philippines' total external trade up 9.7 pct in February

Source: Xinhua| 2024-04-11 10:40:15|Editor: huaxia

MANILA, April 11 (Xinhua) -- The Philippines' total external trade in goods increased by 9.7 percent in February to 15.46 billion U.S. dollars, the Philippine Statistics Authority (PSA) said on Thursday.

Of the total external trade in February, 61.8 percent were imported goods, while the rest were exported goods, the agency said.

The PSA said the deficit of trade in goods amounted to 3.65 billion dollars, indicating an annual decrease of 6 percent.

China remains the Philippines' largest supplier of imported goods, and ranks fourth in terms of export value, according to PSA.

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