EXPORT receipts declined by more than 13 percent as the value of the Philippines’s usual export winners plunged by double digits in the first quarter, according to the latest data from the Philippine Statistics Authority .
Shipments of coconut oil, the country’s top farm export, nosedived to $320.37 million, from last year’s $598.89 million. The top 5 buyers of Philippine-made products in the first quarter were China, Japan, the United States, Hong Kong, and Singapore. The country’s top sources of imported goods in the first quarter were China, Indonesia, Japan, South Korea, and Thailand.
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