00:00The Philippine Statistics Authority, or PSA, reported the country posted a trade deficit of $4.30 billion in June due to significant decline in exports.
00:10This is a 9.3% increase from the $3.94 billion deficit recorded in the same period last year.
00:18Total sales of local goods dipped by 17.3% year-on-year to $5.57 billion in June.
00:27Meanwhile, imports decreased to 7.5% year-on-year to $9.87 billion.
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