RP exports up 12.3% in October

RP exports up 12.3% in October

MANILA: Philippine exports rose 12.3 percent from a year earlier to US$3.751 billion in October spurred by increased electronics shipments, the country's top product line, the government said on Friday.

The figure represented a substantial pickup from the 8.4 percent expansion in September, and brought the year-to-date value of shipments up by 8.9 percent to US$32.643 billion, the National Statistics Office said in a statement.

Manila is aiming for a 10 percent growth in export revenue this year.

Electronics exports in October rose 13.2 percent from a year earlier to $2.635 billion. The sector accounted for 70.2 percent of all shipments for the month.-- AFP