The Philippines’ trade deficit in March widened by more than a third of its size a year earlier and in February, with demand for imports by a robust economy outpacing foreign markets’ absorption of the country’s exports, official data showed on Thursday.

The balance of trade in goods for the Philippines in March “registered a deficit of $2.302 billion, higher than the $1.747-billion trade deficit in the same month last year,” the Philippine Statistics Authority (PSA) said in a statement.

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