Philippine Trade Deficit Up in July 2016

Trade deficit rose to $2.053 billion in July, higher than the $1.475 billion in the same month last year. Export sales dropped 13% year-on-year to $4.673 billion from $5.371 billion, while total imports fell 1.7% to $6.726 billion from $6.846 billion. The trade gap, however, was narrower than the $2.098 billion deficit recorded for June…

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