(MENAFN) The local Filipino statistics agency said that the country's export earnings increase by 10.5 percent in August to USD5.47 billion on-year, Xinhua reported.
The increase was led by higher shipments of electronic products during the period, as revenue from electronic products rose by 10 percent on year to USD2.27 billion in August.
Exports of machinery and transport equipment and products categorized as mineral products also posted double-digit hikes in August, surging by 84.9 percent on year to USD331.06 million.
Total export earnings in the January-August period amounted to USD40.74 billion, 9.2 percent higher than the USD37.33 billion posted in the same period last year.
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