PHL merchandise exports down by 3.9% in Jan 2016

Philippine merchandise exports reached $4.19 billion in January 2016, representing a decrease of 3.9 percent from the $4.36 billion posted in January 2015.

This decline however is still better compared with our Asian neighbors: Thailand’s exports went down by 8.9 percent, Singapore by 9.9 percent, China by 11.2 percent, South Korea by 12.2 percent, Japan by 12.9 percent, Taiwan by 13 percent, Indonesia by 16.7 percent, and Hong Kong SAR by 23.4 percent.

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