Philippines total external trade shrinks 21% as Covid-19 cases near 335,000-mark


A teacher answers a call from a student in need of assistance on distance learning through a hotline programme, amid the coronavirus disease outbreak, in Taguig City, Metro Manila. Covid-19 cases in Philippines in now reaching almost 335,000. - Reuters

The Philippines' total external trade in goods in August declined at an annual rate of 21.0 per cent to US$12.33 billion, the Philippine Statistics Authority (PSA) said on Friday.

"This was higher than its previous month's annual drop of 18.1 per cent, and 2.6 per cent drop in August 2019," the PSA said in a statement.

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