* Exports in Feb total $4.65 bln vs yr-ago $3.74 bln
* Electronics shipments up 26.6 pct from yr ago
MANILA, April 10 The Philippines' statistics
office released data on February exports On Thursday:
Total exports Feb Jan Dec Nov Oct Sept
yr/yr change (pct) 24.4 9.2 15.8 18.9 14.0 5.1
in $ bln 4.65 4.38 4.6 4.29 5.03 5.06
mth/mth change (pct) 6.3 -4.8 7.1 -14.6 -0.6 10.4
yr/yr growth (pct) 26.6 21.2 26.2 11.7 13.5 15.4
in $ bln 1.88 1.78 1.91 1.94 2.16 2.15
mth/mth change (pct) 5.6 -6.6 -1.9 -10 0.5 20.5
NOTE: Some numbers for previous months have been revised.
- Total exports in February grew at their fastest pace since
December 2010, when they expanded 26.5 percent.
- Electronics and semiconductors made up 40.4 percent of
total exports in February, with the sector posting its third
straight month of above-20 percent growth. It was also the
highest growth since October 2010, when the sector grew 38.2
- Other top exports included woodcrafts and furniture,
machinery and transport equipment.
- The electronics industry group forecast electronic exports
could grow 5 percent this year.
- The Southeast Asian nation provides about 10 percent of
the world's semiconductor manufacturing services, including for
mobile phone chips and micro processors.
- Based on the central bank's latest estimates, Philippine
exports and imports are both expected to rise 6 percent this
- The Philippines expects its economy to grow 6.5 to 7.5
percent this year after expanding 7.2 percent in 2013, the
fastest in the region after China.
- Monetary authorities left the policy interest rate at a
record low on March 27 but raised banks' reserve requirement
ratio by 1 percentage point in what is widely seen as an initial
measure to tighten domestic liquidity that grew at a record pace
Philippine Statistics Authority website www.psa.gov.ph
(Reporting by Erik dela Cruz; Editing by Paul Tait)