Philippine exports decreased for the eighth consecutive month in November, though at a slower-than-expected pace, preliminary figures from the Philippine Statistical Authority showed Tuesday.
Exports dropped 1.1 percent year-over-year in November, much slower than the 15.0 percent sharp fall expected by economists. In October, exports plunged 10.84 percent.
The negative growth was mainly brought about by the decreases in five major commodities out of the top ten commodities for the month, the agency said.
Exports of articles of apparel and clothing accessories declined the most by 42.7 percent in November, followed by chemicals with 40.2 percent slump.
At the same time, shipments of electronic products, accounting for 54.2 percent of the total exports, grew by 9.3 percent from November 2014.
Japan remained country's top destination of exports during October, comprising 21.3 percent share to total exports, though it decreased by 1.8 percent from a year ago.
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