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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