Experimental feature

Listen to this article

00:00
00:00
Experimental feature

Exports from the Philippines grew for a third consecutive month in February as shipments of electronic products rose.

Exports rose 11 per cent year on year in February to $4.8bn, coming in below economists’ estimates compiled by Bloomberg of a 19.4 per cent rise. Outbound shipments had risen by 22.5 per cent in January.

Exports of electronic products, the country’s top export, rose 15.9 per cent year on year to $2.131bn in February.

Imports rose 20.3 per cent year on year in February to $6.5bn, coming in below estimates of a 22.7 per cent rise. Inbound shipments of mineral fuels, lurbicants and related minerals saw the biggest increase, followed by iron and steel.

This brought the country’s trade deficit for February to $1.7bn, below estimates of $1.8bn.

Copyright The Financial Times Limited 2018. All rights reserved.

Comments have not been enabled for this article.