Philippines' total external trade up 9.7% in February

MANILA: The Philippines' total external trade in goods increased by 9.7 per cent in February to US$15.46 billion, the Philippine Statistics Authority (PSA) said on Thursday (April 11).

Of the total external trade in February, 61.8 per cent 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, indicating an annual decrease of 6 per cent.

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