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.
by RTT Staff Writer
For comments and feedback: editorial@rttnews.com
Economic News