Philippine imports declined 3.3 percent year-on-year in March, the National Statistics Office said Friday.
This compares to a 2.5 percent growth in February 2012 and 21.9 percent expansion in March last year.
On the other hand, imports grew 7.5 percent on a monthly basis, strongly recovering from 2.7 percent decline in the previous month.
Imports of electronic products plunged 38.7 percent annually and was down 12.1 percent from the preceding month.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.