Total merchandise trade between the Philippines and the rest of the world more than doubled in April to $14.16 billion from a year ago, with both exports and imports posting substantial growth.
Latest data from the Philippine Statistics Authority (PSA) showed that total external trade jumped 107.5 percent in April from $6.83 billion in the same month last year. Combined exports and imports slid by 54.8 percent year-on-year in April 2020 due to the stringent quarantine measures imposed at the start of the corona virus (COVID-19) pandemic.
In April this year, exports grew by 72.1 percent year-on-year, while imports jumped by 140.9 percent.
To recall, countries around…
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