PH to meet 2014 export target – DTI

The Department of Trade and Industry (DTI) is upbeat that the country will meet its export target for this year, and possibly even exceed it with merchandise exports sustaining their growth momentum over the first eight months of the year.

Based on a report from the Philippine Statistics Authority (PSA), the country’s merchandise exports increased by 9.2 percent to $40.75 billion from $37.33 billion recorded for January to August last year. The electronics sector rose 5.17 percent to $16.28 billion from $15.28 billion, while the non-electronics sector grew 12 percent to $24.47 billion from $21.85 billion.