Logo

02 日 マニラ

30°C25°C
両替レート
¥10,000=P3,870
$100=P5,595

02 日 マニラ

30°C25°C
両替レート
¥10,000=P3,870
$100=P5,595

Total trade up despite decline in exports for November

2017/1/11 英字

Exports declined 7.9 percent in November but imports surged close to 20 percent, driving total merchandise trade higher, the Philippine Statistics Authority (PSA) said Tuesday.

Total trade grew to $12 billion as imports reached $7.3 billion and exports $4.7 billion

“The surge in trade transactions with East Asia and the ASEAN boosted the performance of imports, which also signals an increase in the purchasing power of Filipinos. We expect that this further increased in December 2016,” said Socioeconomic Planning Secretary Ernesto Pernia in a statement.

Import payments due to 29.7 percent increase in demand for capital goods and and a 32.6 percent surge in demand for consumer goods.

Export earnings were affected by a 10.6 percent decrease in the value of manufactured goods, mostly electronics that went down by 7.9 percent.

“While we are expanding our trade relations with potential markets, we need to further harness our existing free trade agreements and continue to push for reforms. This will improve our business environment and increase our attractiveness to foreign investors,” Pernia said. DMS

おすすめ記事

Chinese gov't bans former senator from entering country

2025/7/2 英字 無料
無料

Lazaro takes over as DFA secretary

2025/7/2 英字 無料
無料

PAF needs AWACS capability, says defense chief

2025/7/2 英字 無料
無料

Oil companies offer fuel discounts

2025/7/2 英字 無料
無料

Philippines' net external liability rises to $69.3b in March

2025/7/2 英字 無料
無料

Isko revives curfew in Manila for 17 years old and below

2025/7/2 英字 無料
無料