FX.co ★ Philippine Exports Rise For First Time In 3 Months

In November, the Philippine exports experienced growth for the first time in three months, while imports witnessed a significant decline. According to data released by the Philippine Statistics Authority on Thursday, exports rose by 0.4 percent on a monthly basis in November, following a 0.7 percent decrease in October and an 8.9 percent slump in September. In contrast, imports fell by 7.0 percent, marking a reversal from the 3.1 percent increase seen in October. This decline in imports was the first since June. Consequently, the trade deficit narrowed to $4.7 billion in November, down from $5.6 billion in the preceding month of October.