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Trade gap widens 38%; exports, imports grow slower

THE country’s lackluster external trade performance in December 2022 left exports and imports posting slower full-year growth compared to last year, according to data released by the Philippine Statistics Authority (PSA). The data also showed the country’s trade deficit reached $53.318 billion in 2022, a 38.1-percent growth from the $42.2…
Petroleum Products Office Equipment Philippine Statistics Authority Coconut Oil Materials Imported Consignment Basis

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