MANILA (Philippine Daily Inquirer/ANN): The Philippines’ trade in goods with the rest of the world rose 5 per cent year-on-year to $43.1 billion in the first quarter of the year amid an overall recovering global economy from last year’s pandemic-induced recession.
The latest preliminary Philippine Statistics Authority (PSA) data showed that merchandise exports from January to March grew by 7.6 per cent year-on-year to $17.6 billion, while imports were up by 3.2 per cent to $25.6 billion, reversing the 5.6-per cent contraction in external trade a year ago.
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