News: NEDA: RP August exports among Southeast Asia’s highest -
13 Oct 2010
The Philippines ranked among the highest in exports growth in East and Southeast Asia in August and may exceed its export target for the year, the National Economic and Development Authority (NEDA) said Tuesday.
“With a 36.6 percent year-on-year increase, the Philippines joined Vietnam as top performers among neighboring Asian economies in terms of export growth in August," according to NEDA officer-in-charge Rolando Tungpalan.
“At this rate, we are optimistic that the country could exceed the 2010 exports growth target of 15 percent, Tungpalan said.
Vietnam exports grew 48.4 percent in the same period, while others Asian peers that recorded strong exports include Hong Kong SAR (36 percent), China (34.4 percent), Indonesia (30 percent), and South Korea (27.7 percent).
Philippine exports for the month totaled $4.7 billion, led by shipments of manufactured goods, which grew by 36.3 percent, and agro-based products, which grew by 75.4 percent. “This marked ten consecutive months of positive year-on-year growth since November 2009," NEDA said.
(Source: GMA TV News, 10/12/2010)