Philippine exports edged up unexpectedly in March, recovering from a sharp decline in February, data from the National Statistics Office showed Friday.
Shipments rose 0.1 percent year-on-year in March against expectations for a 3.7 percent drop. In February, exports were down 15.6 percent.
Export earnings in March amounted to $4.329 billion. Month-on-month, exports grew 15.7 percent following a 6.7 percent fall in the February.
Exports of electronic products, accounting for 34.4 percent of the total exports revenue during the month, tumbled 22.3 percent from a year earlier. This followed a 36.5 percent year-on-year decline in February.
Electronic product shipments increased 18.4 percent on a monthly basis.
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