Philippines: Exports, imports contract anew in December

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Philippine exports and imports both declined anew in December last year, the state statistics agency said on Wednesday. 

The country’s total external trade in goods last month amounted to $13.66 billion, representing a decline of 5.6 percent compared to December 2019, the Philippine Statistics Authority (PSA) said. 

While this decline was slower than the 9.9 percent contraction in November, it contrasted with the 6.1 percent growth posted in December 2019.

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