The country’s trade deficit narrowed by more than a third in October as exports posted a double-digit growth while imports contracted, latest data from the Philippine Statistics Authority showed. According to the PSA, the country’s trade gap shrank by 34.2 percent year-on-year to $3.83 billion
Driving the narrower gap was a 19.4-percent jump in exports to $7.39 billion, up from $6.19 billion a year earlier.
Imports, meanwhile, fell 6.5 percent to $11.22 billion from $12.01 billion.