RP exports up by 6.5% in August
Despite a softer demand for electronics, the country’s total exports in Aug. 2008 rose by 6.5 percent to $4.4 billon, up from the 4.4 percent year-on-year growth in July, the National Economic & Development Authority (NEDA) said.
In a report to President Gloria Macapagal-Arroyo, NEDA said this brought total receipts for the first eight months to $34.4 billion from the same period last year.
Top export commodities for the country include: Electronics, accounted for $2.531 billion (57.7 percent); apparel and clothing accessories – $172.52 million; and sales of petroleum products, accounted for $167.70 million.
Also in the list of the country’s top 10 exports in August were woodcrafts and furniture, ignition wiring set and other wiring sets used in vehicles, aircraft and ships; metal components,; other products manufactured from materials imported on consignment basis, coconut oil, and tuna.
Japan, U.S., China, Hongkong, Netherlands, Singapore,Korea, Taiwan, Malaysia, and Thailand continues to the country’s biggest market. (PIA/Bohol)
