PH Nov trade deficit widens as exports fall

The Philippines’ trade deficit widened in November from a year earlier as exports contracted mainly on the drop in outbound shipment of manufactured goods, official data showed on Tuesday.

“The balance of trade in goods (BOT-G) for the Philippines in November 2016 registered a deficit of $2.566 billion, higher than the $976.87 million trade deficit in the same month last year,” the Philippine Statistics Authority (PSA) said in a statement released with the trade data.