Philippines’ Sept exports post sharpest decline in four years
Exports sales declined to $4.405 billion in September from $5.846 billion in the same month of 2014. In the first nine months, meanwhile, exports declined 6.9% to $43.746 billion from$46.976 billion in a year earlier.
Exports from manufacturing industry declined 23.6% to $3.8 billion from $5 billion in the same month of 2014 while exports for petroleum products slumped 83.7% to $13.7 million in September from a year earlier.
The Philippines’ primary export destination was Japan, with export revenue amounting to $905.84 million, which represented a slump of 47.7% from $1.733 billion in September 2014.
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