PH MERCHANDISE EXPORTS UP IN THE THIRD QUARTER – DTI

AYON sa pagsusuri ng Department of Trade and Industry (DTI) umakyat ang Philippine merchandise exports ng 0.3% year-on-year (YOY) sa pangatlong quarter ng 2018, isang positibong pag-ikot kasunod ng kanilang 1.3% YOY na  pagbaba sa second quarter at 5.5% YOY contraction sa first quarter ng taon.

Ang third-quarter merchandise export performance ng bansa ay dala ng positibong YOY na paglago sa export  manufactured goods ng bansa—pinangunahan ng electronics—na may dagdag na exports United States (US), China, Hong Kong, at Singapore. Sa pa­ngatlong quarter, mataas ang merchandise exports noong Hulyo  (+0.3% yoy) at noon ding Agosto (+3.4% yoy) na pinagsamang paglamang sa pagbaba noong Setyembre ll (-2.6% yoy), na  dala nang paghina ng pandaigdigang  manufacturing activity sa gitna ng pag-akyat ng trade tensions sa pagitan ng US at China.

“The country’s merchandise export performance has been improving on a quarterly basis since the start of 2018. Its growth turned positive in the third quarter after registering negative growth in the first two quarters of the year,” sabi ni DTI Secretary Ramon Lopez.

Dagdag ni Sec. Lopez: “The PH government has long-term plans and roadmaps to help expand the country’s manufacturing and production base, and promote the diversification of merchandise exports. Through these policy initiatives and programs, merchandise exports will grow further and in turn will narrow the trade-in-goods deficit. We need to expand our manufacturing base to meet as well the growing domestic demand for both consumption goods and intermediate goods.  In the short-term, we are trying to address supply chain issues and maximizing whatever limited budget given to promote our exportables in foreign markets through trade fairs and expos like the recently held China International Import Exposition (CIIE) that contribute to increasing our export sales abroad.”