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MANILA, Philippines — The Philippines recorded a six-month high trade deficit of $4.5 billion in March. However, its widening stalled at just 0.1 percent year-on-year amid the Middle East war, the Philippine Statistics Authority (PSA) reported on Thursday.
READ: Philippine trade deficit hits 9-month low in February
Exports surged 20.4 percent to $6.78 billion, while imports rose 12.3 percent to $11.29 billion.
Both metrics were the highest recorded since the PSA began compiling trade data in 1991.
