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PH exports record highest growth among East and Southeast Asian Nations in December 2012

12 February 2013 No CommentEmail This Post Email This Post

The country’s total export earnings reached US$4.0 billion in December 2012 from US$3.4 billion in the same period in 2011 as outward shipments of manufactured goods (17.8%), total agro-based products (19.1%), petroleum (137.0%) and forest products (29.9%) posted annual gains.  (AP Photo)MANILA — The Philippines posted the highest annual growth in merchandise exports in December 2012 among its trade-oriented neighbors in East and Southeast Asia, according to the National Economic and Development Authority (NEDA).

Merchandise exports jumped by 16.5 percent in December 2012, a significant turnaround from the 18.9 percent contraction in December 2011.

“The country’s export performance in December 2012 reflects the generally improved prospects in the global economy on the back of policy support implemented by major economies, most notably of the Euro area, the United States (US), and Japan,” said Socioeconomic Planning Secretary Arsenio M. Balisacan.

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