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In 2010, Philippines's Clothing And Clothing Exports Retreated To Third Place.

2011/2/15 8:46:00 57

Garments And Apparel Exports In Philippines In 2010

   The Philippines The national economic development board (NEDA) reported that Philippines's total exports in 2010 amounted to 51 billion 393 million US dollars, up 33.7%, and Indonesia was the most powerful export country in East Asia and Southeast Asia.


The report shows that except for forest products, all major items have gained export growth, and manufacturing products have grown by 35.1% over the past year.


In December 2010 alone, Philippines's exports amounted to US $4 billion 162 million, which was 25.3% higher than the US $3 billion 300 million 2 thousand and 100 in the same period in 2009. Compared with December 2010, exports in December 2010 were slightly higher than that in November.


Electronic products remained the main export item of Philippines in December last year, reaching 2 billion 256 million US dollars, accounting for 54.2% of total exports, representing an increase of 19.4% over the same period in the previous 1 years.


Electrolytic copper jumped to the second largest export item, accounting for 139 million 780 thousand US dollars, accounting for 3.4% of total exports, with an annual increase of 419.8%.


   Ready-made clothes and Clothes & Accessories The third place, with an export volume of US $137 million 910 thousand, accounts for 3.3% of total exports, a slight increase of 4.9% over the same period last year.


Other export items to the top 10 include wood products and furniture, coconut oil, ignition lines and transport lines, petroleum products, metal components, finished products and bananas for the commissioning of raw materials.


Japan is still Philippines's most important export market in December last year, with an export value of US $642 million 700 thousand, accounting for 15.4% of total exports, with an annual growth rate of 26.4%. China ranks 594 million 810 thousand as a total of 594 million 810 thousand, accounting for 14.3% of total exports. The annual growth rate is as high as 151.8%. The United States has 563 million 920 thousand rows of third, accounting for 13.6% of total exports, but exports are down by 11.3 over the same period last year.


Other major export markets are Singapore, Hongkong, Korea, Taiwan, Thailand, Germany and Holland, with exports to Taiwan 176 million 560 thousand US dollars, or 4.2% of total exports.


NEDA director Pei LAN Jia said that the higher than expected consumption in advanced countries and the revival of demand for tradable goods in emerging countries prompted strong growth in exports in 2010.

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