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Philippine exports plunge 35.2% in April: govt.

Posted on: June 12, 2009


AFP – Wednesday, June 10

MANILA (AFP) – – Philippine exports fell by 35.2 percent in April from a year earlier, the government has said, with shipments of electronics goods and garments still plummeting amid the global downturn.

The drop marked the seventh consecutive month of year-on-year declines. In March, exports fell 30.9 percent year-on-year.

Exports in April amounted to 2.802 billion dollars compared to 4.327 billion dollars in the same period last year, the National Statistics Office said in a statement.

Total exports in the first four months of the year amounted to 10.727 billion dollars, a 36.4 percent decline from the same period in 2008, the statement said.

Exports of electronic products, which made up about 60 percent of the total in April, declined by 33.2 percent to 1.684 billion dollars.

Apparel and clothing accessories, which are the second-biggest export item, were down 34.6 percent to 100.43 million dollars, the statement added.

The United States remained the top buyer of Philippine exports, receiving 447.27 million dollars or 16 percent of the total in April, but this was still 35.3 percent lower as compared with the same period last year.

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