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MANILA: Philippine exports grew at the fastest pace in more than 10 years in March , the statistics agency said on Friday, driven by strong demand from key trading partners, while imports rose at the highest rate in more than two years.

Foreign deliveries rose 31.6 percent year over year in March, the highest since September 2010, while imports rose 16.6 percent year over year, resulting in a larger trade deficit of $ 2.4 billion compared to the previous month.