Philippines' trade deficit narrows to six-month low in Dec
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[MANILA] The Philippines' trade deficit narrowed to its lowest level in six months in December, due to a surge in exports, government data showed on Tuesday.
Exports climbed 21.4 per cent in December from a year earlier, while imports shrank 7.6 per cent from a year ago, the Philippine Statistics Authority said. The trade deficit reached US$2.48 billion in December, the lowest since June, and smaller than the previous December's US$4.2 billion.
REUTERS
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