Export growth, more electronics shipments narrowed trade gap in October

MANILA, Philippines — The country’s trade deficit shrank by more than a third in October following a surge in export growth and a slip in imports pushed the country’s trade deficit. The Philippine Statistics Authority (PSA) reported the development on Friday. The country’s trade-in-goods deficit, or the difference between exports and imports, narrowed by 34.2 percent year-on-year to $3.83 billion from $5.81 billion in the same month last year, PSA data showed. This is also narrower than last month’s $4.35 billion gap. Driving the narrower gap was a 19.4-percent jump in exports to $7.39 billion, up from $6.19 billion a […]...

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