SALES abroad of Philippine-made goods in February grew at their slowest pace in over a year mostly because of weak demand for electronic products, the government reported Tuesday.
The National Statistics Office (NSO) said merchandise exports amounted to $3.864 billion, an 8.2-percent increase from $3.57 billion in the same period last year.
On a monthly basis, exports were down by 3.4 percent from $4 billion in January this year.
In November 2009, exports grew by 5.1 percent.
The January performance led to a 10-percent growth in exports in the first two months of this year, or at the same rate as the government’s full-year forecast.
Electronics, which accounted for 52.2 percent of the total exports revenue in February, fell 2.7 percent to $2.015 billion from $2.071 billion last year. Similarly, month-on-month figures declined by 5.9 percent from $2.142 billion in January.
Exports of articles of apparel and clothing accessories amounted to $153.42 million, or 21.2 percent higher than in February last year’s $126.57 million.
Sales of woodcrafts and furniture valued at $138.04 million were up by 73.8 percent from $79.4 million in 2010.
Receipts from the Top 10 exports reached $2.778 billion, or 71.9 percent of the total exports.
Japan emerged as the country’s top exports market, with revenues of $665.70 million, or 6.2 percent higher than the $626.80 million recorded a year ago.
This was followed by US at $616.89; People’s Republic of China, $433.80 million; and Singapore, with $375.71 million.
Receipts from the country’s Top 10 markets for February amounted to $3.164 billion, or 81.9 percent of the total. –Darwin G. Amojelar, Senior Reporter, Manila Times
Invoke Article 33 of the ILO constitution
against the military junta in Myanmar
to carry out the 2021 ILO Commission of Inquiry recommendations
against serious violations of Forced Labour and Freedom of Association protocols.
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