The Philippines posted a merchandise trade deficit of $2.734 billion in April, the National Statistics Office said on Wednesday.

That follows the $2.412 shortfall in March.

Imports skyrocketed 140.9 percent on year after rising 16.6 percent in the previous month.

Exports plummeted 41.3 percent on year after jumping 31.6 percent a month earlier.

The material has been provided by InstaForex Company – www.instaforex.com

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