THE trade deficit in the first six months was revised upward to $24.41 billion after a preliminary estimate of $23.97 billion, the Philippine Statistics Authority (PSA) said.
A year earlier, the deficit had been $25.06 billion.
Imports were revised to $65.70 billion from $65.22 billion initially reported. The year-earlier import tally had been $61.50 billion.
The value of merchandise exports in the first half was revised to $41.29 billion from $41.24 billion previously. The year-earlier total had been $36.44 billion.
The Development Budget Coordination Committee expects export to decline 2% this year while imports are expected to grow 3.5%.
