Home » Customs & Trade » PH Sept exports rise 22.8%

Philippine exports expanded 22.8% in September to $4.784 billion from $3.897 billion in the same month last year, according to latest data from the National Statistics Office.

Month-on-month, the latest figure was also 26% higher than August’s $3.798 billion.

For the first nine months of the year, export receipts reached $40.067 billion, up 7.2% from $37.376 billion in the same period last year.

Electronic products emerged as the country’s top export in September or 38.3% of the total, with receipts of $1.832 billion, inching up 1.1% from revenues in the same month last year.

Representing 5.8% of the aggregate were woodcrafts and furniture exports valued at $276.10 million, up 80.4% from the year-ago level of $153.01 million.

Metal components posted a share of 3% or $144.86 million to the total, soaring 116.6% from last year’s $66.89 million.

Japan was the top destination for Philippine exports with a 30.8% share of the September total or $1.473 billion, higher by 115.1% compared to $684.90 million recorded a year ago.

The US was second with a 12.6% share or $602.89 million. This reflects a 16.2% rise from $518.63 million.

Accounting for 11.1% of the aggregate was China, with receipts of $529.12 million, a 3.5% pullback from $548.13 million.

Image courtesy of Stuart Miles / FreeDigitalPhotos.net

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