Philippines trade deficit narrows to smallest in five months in Nov

MANILA (Reuters) - Philippine exports grew at the fastest pace in 10 months in November while imports contracted the most since August to yield the smallest trade deficit in five months, government data showed on Friday.

Exports in November rose 3.0% from a year earlier to $5.8 billion from, while imports declined 18.9% to $7.5 billion. The trade deficit was $1.73 billion, the statistics agency said.

(Reporting by Neil Jerome Morales and Enrico Dela Cruz; Editing by Christian Schmollinger)