Philippines posts $4 billion trade deficit in December

MANILA (Reuters) - The Philippines posted a trade deficit of $4.01 billion for December, government data showed on Friday.

Imports in December declined 5.1% to $9.8 billion from a year earlier, while exports dropped 0.5% to $5.8 billion, the Philippine Statistics Authority said.

(Reporting by Neil Jerome Morales and Mikhail Flores; Editing by Kanupriya Kapoor)