PH Feb exports drop 3.1%

PHILIPPINE exports dropped for the third straight month in February on the back of lower shipments of agro-based products, manufactures, and mineral products, the government reported on Wednesday.

Data from the Philippine Statistics Authority (PSA) shows that February exports fell 3.1 percent to $4.512 billion from $4.675 billion a year earlier, brought about by slower exports of the country’s six major commodities.