Philippine exports up by 5.1 percent in SeptemberStaff Writer | November 11, 2016
The Philippines' exports recovered in September, posting 5.1 percent increase year-on-year to $5.211 billion after 17 months of decline, the Philippine Statistics Authority (PSA) said.
Trade in Asia Export sales in September last year
PSA said the increase was attributed to eight major commodities out of the top 10 export commodities for the month.
These include other mineral products, electronic equipment and parts, metal components, chemicals, articles of apparel and clothing accessories, ignition wiring set and other wiring sets used in vehicles, aircrafts and ships, electronic products, and other manufactures.
Total merchandise exports from January to September, however, registered a 6.2 percent decrease to $41.691 billion from $44.460 billion in the same period of 2015, PSA said. ■