FINWIRES · TerminalLIVE
FINWIRES

Philippines' Exports, Imports Rise in April; Total Trade Hits $20.38 Billion

By

The Philippines' total external trade in goods reached $20.38 billion in April, up 16.1% from $17.55 billion a year earlier, according to data released by the Philippine Statistics Authority on Friday.

Exports rose 6.3% to $7.21 billion from $6.78 billion in April, driven by higher shipments of machinery and transport equipment, coconut oil, and other mineral products.

Meanwhile, imports jumped 22.4% to $13.17 billion from $10.77 billion a year earlier, supported by strong growth in electronic products and mineral fuels, lubricants and related materials.

Electronic products remained the country's top export category during the month, accounting for 47.7% of total export sales, the data showed.

Related Articles

International

Philippines Producer Inflation Eases to 2.4% in April

The Philippines' producer price index (PPI) for manufacturing rose 2.4% year over year in April, slowing from a 2.6% increase in March, data from the Philippine Statistics Authority showed Friday.The softer producer inflation was driven mainly by a slower 5.3% increase in the manufacture of coke and refined petroleum products, down from 8.2% in the previous month.Slower PPI in the manufacture of computer, electronic and optical products at 4.3%, along with a 3.8% increase in basic metals, also contributed to the deceleration.Meanwhile, PPI growth for food manufacturing accelerated to 1.4% in April from 1.2% in March, data showed.

$^PSEi
International

Japan Retail Sales Accelerate in April

Japan's retail sales grew 2.1% year-on-year to 13.217 trillion yen in April, preliminary data from the Ministry of Economy, Trade, and Industry on Friday showed.The reading is higher than the 1.4% growth rate the prior month and is the highest in 12 months.Retail sales climbed 0.2% in food and beverage, surged 15.4% in motor vehicles, jumped 5.5% in machinery and equipment, but contracted 9% in fuel.Further, commercial sales gained 5.4% on year to 55.64 trillion yen, while wholesale trade jumped 6.5% to 42.423 trillion yen, the data showed.

$^N225
International

Singapore Manufacturing Prices, Domestic Supply Surge in April

Singapore's manufacturing prices continued to surge in April, backed by strong performances across the oil and non-oil indices, the city-state's Department of Statistics reported Friday.Singapore's Manufactured Products Price Index jumped 27.5% year on year in April, extending the 20.2% increase in March.The oil index jumped 69.2%, while the non-oil index rose 21.4% on-year during the month, the filing said.Month-over-month, manufacturing prices rose 6.7%, following a 11.2% increase in the previous month. The oil index gained 4.1%, while the non-oil index rose by 7.3% on the month, the data showed.Meanwhile, Singapore's Domestic Supply Price Index jumped 31.6% in April, extending a 26.7% surge in March. The oil index zoomed 79.3%, and the non-oil index climbed by 17.1%, the data showed.Month-on-month, the Domestic Supply Price Index rose 3.1%, moderating from a 21% rise in the previous month. The oil index slipped 1.6%, while the non-oil index was up 5.4%.

$^STI