PHL August exports up 10% y-o-y, slowest in three months

The Philippines registered export earnings of $5.474 billion in, up 10.45 percent from $4.956 billion a year earlier, the Philippine Statistical Authority reported Friday. 

 

The August export growth compares with 12.4 percent in July and 21.3 percent in June.

 

"The positive growth was mainly brought about by the increase of eight major commodities out of the top 10 commodities for the month," the PSA said in a report on merchandise trade.

 

The eight commodities include coconut oil; articles of apparel and clothing accessories; machinery and transport equipment; ignition wiring set and other wiring sets used in vehicles, aircrafts and ships; other mineral products; metal components; chemicals; and electronic products, PSA data showed. 

 

Total merchandise exports in January to August 2014 were up 9.2 percent to $40.748 billion from $37.330 billion in same period of 2013. – VS, GMA News