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5 months ago
Philippine Jan exports rise 22.5 pct y/y, fastest in 3 years
March 10, 2017 / 1:25 AM / 5 months ago

Philippine Jan exports rise 22.5 pct y/y, fastest in 3 years

    MANILA, March 10 (Reuters) - The Philippines statistics
agency on Friday released data on January exports data:

  KEY DATA               Jan    Dec    Nov    Oct    Sept     Aug
  Total exports ($bln)  5.13   4.87   4.73   4.76    5.21    4.90
  yr/yr chg (pct)       22.5    4.5   -7.5    7.6     5.1    -3.0
  Electronics ($bln)    2.37   2.45   2.55   2.49    2.67    2.63
  yr/yr chng (pct)      10.4   -2.8   -7.9    4.7     3.6    11.6
 
    KEY POINTS:
    - Exports rose 22.5 percent in January from a year earlier,
driven by increases in eight major commodities out of the top 10
export items for the month, such as apparel and clothing
accessories, coconut oil and electronics equipment. 
    - Exports to the country's top trading partner Japan fell
6.6 percent from last year, but exports to the United States
jumped 21.2 percent. Shipments to Hong Kong and China surged
20.7 percent and 23.6 percent, respectively.
    - Domestic economic activity remained strong with import
growth buoyant at 9.1 percent in January, but eased from two
months of double-digit gains.
   

 (Reporting by Enrico dela Cruz and Manolo Serapio Jr.; Editing
by Jacqueline Wong)
  

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