MANILA The Philippines posted a trade deficit of US$4.9 billion  for July 2024, preliminary official data showed on Tuesday.

Imports in July rose 7.2% from a year earlier to US$11.1 billion, while exports rose just 0.1% to US$6.2 billion, the Philippine Statistics Authority said.

The trade deficit in July was the largest since the US$4.9 billion shortfall in March 2023, while import growth was the fastest since the 12.6% expansion in April this year.

  - Reuters