Philippine exports recover in April, up 7.6% |
Last Updated(Beijing Time):2012-06-14 12:30 |
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Philippine export earnings recovered in April, after a slight dip in March, posting a 7.6 percent growth on year, the National Statistics Office reported Thursday.
The country's export earnings rose to 4.64 billion U.S. dollars, 7.2 percent higher than the previous month. This is mostly due to higher revenues earned by key export products including garments, furniture and ignition wiring sets.
However, earnings from exports of electronic products, which account for one third of the total export revenue, dropped 23.8 percent on year to 1.64 billion U.S. dollars. It also fell 23.8 percent on monthly basis.
Major export markets include Japan, Korea, the United States, China, Hong Kong and Singapore. |
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