Data loading...

Total Philippine Exports Plunged 35.2% In April- But Tuna Export Is Up

Philippines’ export earnings fell harder in April by 35.2 percent, with shipments amounting to $2.9 billion compared with $4.33 billion in the same month last year.
This was the seventh straight month of decline and showed a worse performance than the previous month’s 30.9 percent contraction.
Economic Planning Secretary Ralph G. Recto said merchandise exports continued to fare unfavorably when compared to the previous year as the global economic slowdown continued to adversely affect the country’s trade performance.
Recto said that April exports were comparable to that of Malaysia, Singapore and Thailand whose exports also registered declines from March figures by 26.3 percent, 26 percent and 16.1 percent, respectively.
Tuna was bucking this trend with an increase of value by 10 percent to $29.58 million.