MANILA (Reuters – The Philippines had a $4.8 Billion trade deficit in April. It was less than the $5B monthly high, but still a significant improvement over the March 3 month. Imports experienced a double-digit increase, according to the Statistics Agency.

The slowest increase since March 2013 was 22.8% in imports to $10.9 Billion. However, exports rose 6.0% to $6.1 Billion.