Philippines' exports down 5.6% for 2015

Philippines’ exports down 5.6% for 2015

Philippine exports fell in December despite an increase in electronics, woodcraft and ignition wiring shipments, leaving the total for 2015 to $58.65 billion, down 5.6% from a year earlier and short of a 7% government target. The Philippine Statistics Authority said Wednesday that total exports in December fell 3.0% to $4.66 billion from $4.80 billion. Shipments of electronic products, the country’s main export item, rose 6.4% to $2.53 billion. Japan remained the main export market for the Philippines, accounting for $939.2 million of the total for December. Exports to Japan were down 7.7% from a year earlier. The U.S. was the second-biggest market in December as shipments to the world’s largest economy rose 3.0% to $697.3 million. Exports to the Hong Kong rose 17% in December to $574.9 million, while those to China dropped 23% to $422.2 million. Source: Market Watch Image: Pixabay Share this:TweetEmail

February 12, 2016

The Philippine Statistics Authority said Wednesday that total exports in December fell 3.0% to $4.66 billion from $4.80 billion.

Shipments of electronic products, the country’s main export item, rose 6.4% to $2.53 billion.
Japan remained the main export market for the Philippines, accounting for $939.2 million of the total for December. Exports to Japan were down 7.7% from a year earlier.

The U.S. was the second-biggest market in December as shipments to the world’s largest economy rose 3.0% to $697.3 million. Exports to the Hong Kong rose 17% in December to $574.9 million, while those to China dropped 23% to $422.2 million.