Philippines April trade deficit narrows but still close to $5 billion By Reuters

© Reuters. FILE PHOTO: A Philippines Peso note is seen in this picture illustration June 2, 2017. REUTERS/Thomas White/Illustration

MANILA (Reuters) – The Philippines posted a $4.8 billion trade deficit in April, narrower than the previous month’s three-month high of $5 billion, as imports sustained a double-digit growth, the statistics agency said on Thursday.

Imports rose 22.8% from a year earlier, the slowest since March last year, to $10.9 billion, while exports increased 6.0% to $6.1 billion.

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