Manila, July 14 -- Trade growth is expected to gain momentum in the coming months as quarantine measures ease, the National Economic and Development Authority (NEDA) said Tuesday.
The Philippine Statistics Authority reported last July 10 that the country's total merchandise trade registered a slower decline of 38.7 percent in May 2020, after a steep 59.5-percent decline in April 2020.
Merchandise exports declined by 35.6 percent but with notable improvements in agro-based, forest and manufactured products.
Imports, meanwhile, fell by 40.6 percent but showed slower contractions in major commodity groupings, particularly capital goods, raw materials including chemicals and manufactured goods, and consumer goods.
"The slower decline in tra...