PH Aug trade deficit widens 93%

The Philippines’ trade deficit swelled 93 percent in August from a year earlier as exports continued to decline while imports surged, government data showed on Tuesday.

“The balance of trade in goods (BOT-G) for the Philippines in August 2016 registered a deficit of $2.023 billion, higher than the $1.048 billion trade deficit in the same month last year,” the Philippine Statistics Authority (PSA) said in a statement released with the trade data.