MANILA, May 9 (NNN-PNA) – The Philippines’ total external trade in goods, recorded a year-on-year decrease of 5.1 percent in March, to 17.98 billion U.S. dollars, the Philippine Statistics Authority (PSA), said today.
Of the total external trade in March, 63.7 percent were imported goods, while the rest were exported goods.
The PSA said, the deficit of trade in goods amounted to 4.93 billion dollars, with an annual decrease of 7.5 percent.
According to the agency, China was the Philippines’ highest supplier of imported goods, and also the largest export destination in March.– NNN-PNA
