Home » Customs & Trade » RP exports up 36% in July to $4.5 billion

SUSTAINED demand for the country’s electronics products pushed the country’s exports to rise 35.9% in July to $4.502 billion from a year earlier.

This marks the eighth consecutive month when exports posted positive year-on-year growth, according to the National Statistics Office.

July’s increase was faster than the 33.7% yearly jump registered in June. It is also a far cry from the 25.3% decline in the same month last year.

Vis-à-vis the $4.555-billion export earnings in June, though, July’s shipments actually declined 1.2%.

Export receipts from January to July amounted to $28.233 billion, rising 37.4% from $20.538 billion in the same period last year.

In July, exports of electronics products jumped 49.4% to $2.862 billion year-on-year.

Electronics represented 63.6% of total exports.

Singapore was the country’s top market in July, with shipments of $793.74 million, an increase of 275.4%. The Southeast Asian country accounted for 17.6% of the total traffic.

Exports to the US grew 23.2% to $719.35 million, and made up 16% of total shipments. Japan was the country’s third top market, representing 12.7% of total, up 3.7% to $570.98 million.

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