The Philippines’ merchandise exports are expected to continue growing this year after posting an 11.68-percent surge in the January-to-October period, an official of the Department of Trade and Industry (DTI) has said. For the first 10 months of 2017, the value of merchandise exports was shared almost evenly by electronics at 50.78 percent and non-electronics at 49.22 percent. Japan is still the top export destination for October, with export receipts totaling $871.36 million and a 16.2-percent share in total exports. The leading destination of Philippine merchandise exports for the ten-month period was still the combined markets of China and Hong Kong. For exports of goods, the government is targeting growth of between 4 percent and 5 percent.

Source: Manila Times December 13, 2017 18:00 UTC