* Exports in March total $5.23 bln vs yr-ago $4.70 bln
* Electronics shipments up 10.1 pct from yr ago
MANILA May 9 The Philippines' statistics office
released data on March exports on Friday:
Total exports Mar Feb Jan Dec Nov Oct
yr/yr change (pct) 11.2 11.6 9.2 15.8 18.9 14.0
in $ bln 5.23 4.66 4.38 4.6 4.29 5.03
mth/mth change (pct) 12.2 6.3 -4.8 7.1 -14.6 -0.6
yr/yr growth (pct) 10.1 13.8 21.2 26.2 11.7 13.5
in $ bln 2.17 1.88 1.78 1.91 1.94 2.16
mth/mth change (pct) 15.2 5.6 -6.6 -1.9 -10 0.5
NOTE: Some numbers for previous months have been revised.
- Total exports in the first three months of the year were
up 6.5 percent from a year ago to $14.26 billion.
- Electronics and semiconductors, which made up 41.4 percent
of total exports in March, grew 10.1 percent against a
contraction of 13.2 percent year ago.
- Other top exports included woodcrafts and furniture,
machinery and transport equipment and ignition wirings used for
vehicles and aircraft.
- 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 Southeast Asia.
- The Bangko Sentral ng Pilipinas kept its benchmark rate
steady on Thursday but raised banks' reserve requirements for
the second straight meeting, as expected, amid concerns that
persistently high liquidity could stoke inflation
Philippine Statistics Authority website www.psa.gov.ph
(Reporting by Erik dela Cruz)