Exports rise 42% y/y in February 2010.

By bne IntelliNews April 12, 2010
Philippines recorded a robust 42% y/y expansion in exports in February this year on the back of strong growth in overseas demand for its electronic products. Data from the National Statistics Office, which was quoted by Dow Jones International News, exports in February was worth USD 3.57bn, an increase of 42% from USD 2.5bn recorded the same period last year. However, there was a slight fall compared to USD 3.58bn worth of exports in January this year. Exports of electronic products, comprising 58% of total exports in February, increased 53% from the same period last year. Shipments, of petroleum products, metal components and coconut oil also increased. <

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