The country’s lackluster external trade performance in December 2022 left exports and imports posting slower full-year growth compared to last year, according to data released by the Philippine Statistics Authority (PSA). Know more:
THE country’s lackluster external trade performance in December 2022 left exports and imports posting slower full-year growth compared to last year, according to data released by the Philippine Statistics Authority .
PSA data showed exports contracted 9.7 percent while imports declined 9.9 percent. As a result, export earnings only grew 5.6 percent while the growth in import receipts slowed to 17.3 percent. As a result, the country’s total external trade in goods amounted to $215.99 billion in 2022, a 12.8-percent growth from the $191.536 billion in 2021.
Imports of these products amounted to $32.79 billion from January to December and reached $2.42 billion in the last month of 2022.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Philippine agri output negative for third straight year in 2022Philippine agricultural output remained in negative territory for the third straight year in 2022 as production contracted in three out of the four quarters, government data released on Wednesday revealed.
Read more »
Philippines beats 2022 GDP growth targetBREAKING. The Philippines’ gross domestic product (GDP) accelerated by 7.6% in 2022, as holiday consumption and further reopening of businesses even amid the pandemic boosted growth.
Read more »
Q3 2022 economic growth maintained at 7.6%, PSA saysThe Philippines’ economic growth in the third quarter of 2022 was maintained at 7.6%, the same as what was initially reported in November last year, data released by the Philippine Statistics Authority (PSA) showed Wednesday.
Read more »
BLACKPINK’s Lisa sets three records in 2022, Guinness World Records confirmsFollowing the release of “LaLisa” in 2021, which set the record of being the most viewed YouTube music video by a solo artist in 24 hours with a whopping 73.6 million views, Lisa of BLACKPINK has unlocked three more to her name.
Read more »
Robredo’s Angat Buhay Foundation says 16k families were assisted in 2022According to Angat Buhay, 12,541 individuals in 162 communities across the country were also given assistance with the help of 110 volunteer groups — which included 13,271 volunteers mobilized across the country. READ:
Read more »
Journalist deaths jumped 50% in 2022, led by Ukraine, MexicoPORT-AU-PRINCE, Haiti -- Killings of journalists around the world jumped by 50 percent in 2022 compared to the previous year, driven largely by attacks in Ukraine, Mexico and...
Read more »