The Philippines posted a merchandise trade deficit of $1.776 billion in October, the statistics office said on Thursday.

That follows the $1.707 billion shortfall in the previous month.

Exports were down 2.2 percent on year after rising 2.2 percent in September.

Imports plummeted an annual 19.5 percent after slipping 16.5 percent a month earlier.

The material has been provided by InstaForex Company –


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