Japan was the third highest export market in April from from fourth in March, the Philippine Statistics Authority (PSA) said.

According to PSA data released Tuesday, Japan's exports totalled $823.27 million or a 13.2 percent share of the country’s total in April.

This was an improvement of 12.9 percent from March’s $790.02 million.

The trade deficit for April went down by 1.5 percent to $4.76 billion.

The PSA said that the Philippines’ total exports amounted to $6.22 billion in April, which showed that it had a 2.64 percent increase from the $4.92 billion in April 2023.

In terms of imports, Japan was the third largest with shipments of$909.54 million or 8.4 percent of the country’s total imports in April.

This is a decline of 8.5 percent from March’s $794.02 million.

China was the top source of imports, sending goods worth $3.15 billion and Indonesia with $959.21 million. Jaspearl Tan/DMS