The Philippine's total merchandise trade declined as exports continue to slide in July 2016, given that global economic recovery remains slow. The decline in exports was due to the decrease in demand for Philippine products from traditional markets such as Japan, China, Hong Kong, and USA. Export of manufactured goods declined by 13.0 percent to US$4.0 billion in July 2016, the steepest decline for the last ten months since September 2015. Above, the Manila International Container Terminal. Photo credit- ICTSI.
MANILA, Sept 14 — The Philippine’s total merchandise trade declined as exports continue to slide in July 2016, given that global economic recovery remains slow, according to the National Economic and Development Authority (NEDA).
This was revealed as the Philippine Statistics Authority reported total revenue from trade fell from US $ 12.2 billion in the previous year to US $11.4 billion in July 2016. This is attributed to the 13 percent decline in exports and 1.7 percent decline in imports.
The decline in exports was due to the decrease in demand for Philippine products from traditional markets such as Japan, China, Hong Kong, and USA.
The decline in imports was a result of the decrease in local demand for raw materials and intermediate goods (13.6%), as well as mineral fuel, lubricants (26.3%).
Meanwhile, exports to the country’s non-traditional markets posted increases, particularly in France and Mexico, which grew by 59.2 percent and 22.4 percent respectively. Meanwhile, imports from Japan, China, Hong Kong and Singapore increased in July 2015.
There was also strong sales in coconut products, like coconut oil and desiccated coconut, and agro-based products eased to 0.6 percent in July 2016, a relief from the four-month long double-digit decline since March.
But NEDA warns of the looming threat of La Niña the government needs to ensure policies that improve and strengthen the resiliency of agricultural communities are passed swiftly.
Export of manufactured goods declined by 13.0 percent to US$4.0 billion in July 2016, the steepest decline for the last ten months since September 2015.
On the other hand, imports of capital goods grew by 23.1 percent to US$ 2.3 billion while consumer goods grew by 8.3 percent to US$ 1.1 billion in July 2016.
Almost all Asian countries, except for Vietnam (5.1%), experienced declines in export performance with Indonesia (-12.0%) and Malaysia (-10.2%) joining the Philippines with double-digit negative growth rates for July 2016.
Enter your email address to subscribe and receive notifications of latest stories. By Signing Up, You Agree To Our Privacy Policy And European Users Agree To The Data Transfer Policy.
*18
****
SUGGESTED FOR YOU
****
Let's create community! Tell us your thoughts on this article. If logged in with any of your Wordpress.com, Twitter, Facebook, Google+, or registered on this site before, then you can simply write your comment below. Thanks and appreciate your feedback. Cancel reply
Happy Easter!! As part of our continuing coverage of the Holy Week and partial culmination of the activities, we share below the just concluded mass celebration in Naga Metropolitan Cathedral of St. John the Evangelist. Archbishop of Caceres, the Most Rev. Rolando Octavus Joven Tria Tirona, OCD, D.D. , led […]
Sharing here the message of Vice President Leni Robredo for Easter Sunday 2019. Pagbati po ng isang maligayang Pasko ng Muling Pagkabuhay sa ating mga kapatid na Kristiyano at sa buong sambayanang Pilipino. Mapalad tayong ipagdiwang ang araw na ito sapagkat kasabay ng muling pagkabuhay ng ating Panginoong Hesukristo ay […]
The National Aeronautics and Space Administration (NASA) is sending 7,600 pounds of research, supplies and hardware to the crew members living and working on the International Space Station. The space launch by Northrop Grumman Corporation wull be using its Antares rocket carrying the Cygnus spacecraft. The company named it in […]
This is a short coverage about the fire that gutted much of the famous and historic Catholic cathedral in Paris. Rebel Media reporter Martina Markota delivers a brief about the unfortunate incident of what happened on late Monday afternoon of April 15th. Meanwhile, rebuilding the Notre-Dame is already on its […]
This is the full stream coverage of the Palm Sunday 2019 at St. Peter’s Square in Vatican. Pope Francis celebrates the mass in Rome followed by the recitation of the Angelus prayer. This coverage has an English audio overlay. About Latest Posts Sr. Editorial Staff Nation NewsNinja for national news. […]
WikiLeaks publisher Julian Assange was arrested in London on Thursday morning. This happened after Ecuadorian diplomatic officials invited British police into the embassy to arrrest the Australian citizen. The 47-year old Assange (Julian Paul Hawkins) faces possible jail time in United Kingdom, a possible extradition to the United States and […]
This is how the Chinese money trap works. An excellent reminder just in time when the present POTP Duterte administration is clawing hard and good at funds dangled by the regime in the mainland. I like how Nas made a factual example about Sri Lanka (before, Ceylon) which is now […]
An Italian cemetery covered crosses as a different approach of pushing for religious tolerance. It was reported that crosses in graves in Pieve di Cento in Italy have been clothed in black. This was the approach resorted to avoid offending people from different religion. While not specifically identifyng the religion, […]
Human trafficking ring that operates between Spain and Morocco rakes millions of Euro dollars on its daily operation. This was disclosed in the current uploaded video of independent Canadian journalist Lauren Southern. Southern’s group released this short installment in their dangerous coverage of documenting the phenomenon happening now in Africa, […]
Daring independent journalist Lauren Southern is on the hot trail of the illegal immigration happening now in most of Europe. On this her latest reportage the daring Canadian exposes the alleged human smugglers and traffickers operating in Greece as NGO’s like the Emergency Response Center International. ERCI is a self-described […]
Really. That is the pressing question hounding countries whose citizens joined the violent, murderous, militant group that engaged troops in the war torn parts of Syria for years. And now, they want to return and recover their normal lives. The so-called idealists, young women who left their adopted countries and […]
Yes, totally true. The epic fails in Ilocos Norte. One of which was the “cable cart” ride which amused the passengers at first. Then afterwards lost the interest for the operator obviously had difficulty maneuvering the cart up its destination and back. But hey, it was a good try. The […]
Culled from the online news portal itself, Rappler reports agents from the National Bureau of Investigation (NBI) arrested Rappler CEO and executive editor Maria Ressa early Wednesday evening, February 13. The arrest was done in connection with a cyber libel case filed by the justice department. NBI officers in civilian […]
This Philippine province of almost two million people, or 1.9 (1,952,544) million warm bodies according to the official census count of 2015 is the biggest in the Bicol region in terms of population and land area. While it is rich in natural resources and beautiful scenic places, majority of its […]
You read it right, this is the first monument dedicated to the Filipino teachers found in the town of Calabanga. This monument is a landmark for the longest time since I was living in the town, or actually, since I was born. But it was just a standing structure of […]
Watch Stupid Evil Deadly Traditional Politics of the Philippines. The Rodel Batocabe Murder. Many hearts bleed for the lives that are wasted and lost on a daily basis in the country. Some lives are lost by operation of the law as in the continuous drug excursions conducted by police authorities […]
Sharing the meaningful message from the lady vice president of the land, Leni Rebredo. This is a late posting on the YouTube channel of Red Monkey Talks Watch the video on this link HERE. Or right below: [Video file fact of: “Watch New Year 2019 Message of VPOP Leni Robredo” […]
On this year’s commemoration of martyrdom of Jose Protacio Rizal, we join the folks at the Luneta Park and those in their respective homes at observing the momentous event that dates back into the waning hours of the occupation of the Spanish conquistadores. That was 122 years ago! On many […]
Philippine President Rodrigo Duterte has determined the price or value of human life. And to be precise, this is applicable to the value or price of life, or however you may prefer to call it, of an enlisted man or woman in the armed forces of the country. While human […]
Happy Holidays, Happy New Year, to all our readers, the few followers and friends of this site and our social media pages. Advisory: After April 21, 2018, we stopped posting links on two of our OLD facebook pages. The first one is thebulletintoday (dot) com page. This originally links to […]
I am back, yet again, after a long hibernation of sorts. I fixed some personal issues, settled what should have been done before and still in the process of accepting and facing some other health circumstances that is part of life. And then I completely pushed aside into the backburner […]
Who shares the sincere message of Christmas, Duterte or Robredo? The Christmas message of President Rodrigo Duterte: Once again it is the time of the year when we honor, gather our families and friends to celebrate the nativity of Jesus shares lifes many blessings and demonstrate our love and gratitute […]
After posting the article covering the much vaunted Pantao regional port located in Libon town of Albay province we dig a foot deeper and decided to go ahead with an update and rejoinder about the project. Envisioned to boost a “robust economic corridor in southern Luzon, specifically for Daet, Naga […]
Miss Philippines Catriona Gray is crowned this year’s Miss Universe. This is the fourth crown won by a candidate from the Philippines in the history of the popular international beauty pageant. Watch the seemingly long moment while the hopefuls wait for the announcement of the winning Miss Universe 2018. And […]
Wondered how Gins are made. Here’s the quick answer with a video straight from the guy who’s making one. We are referring to Ryan Reynolds who has got time for one despite being a busy actor. Reynolds even spilled the secret that after this video’s release in the internet, it […]
Imagine this. A handsome building rising on Quituinan Hill fronting the majestic Mount Mayon would be a sight to behold. That prospect emboldens the municipal council committee on infrastructure of Camalig in Albay coming forward with the plan. They proposed to build a P3.5 billion Bicol International Convention Center located […]
Time magazine’s 2018 acknowledged person(s) of the year (POY) received mixed reaction from netizens. Before the end of year, the US-based news magazine picks a POY of their choice who has done the most to influence the events of the year. This 2018, it came out with not one, but […]
Budget insertions for appropriations on the 2019 proposed national budget made top news these past days. Members of the house of representatives and the Budget Department are pointing fingers who did the possible insertion which bloated the proposed national budget. Budget insertions when intended for infrastructure projects of congressional districts […]
Russia has just unveiled its most advanced lightweight MIG-35 fighters in a stunning video with demonstration of the jet capabiliities. The Russian Ministry of Defense said, “At the moment, the aircraft are in full swing being tested by experts of the State Flight Test Center of the Ministry and the […]
As many expected, former Philippine senator Bong Revilla on Friday was acquitted by the Sandiganbayan of the plunder case in relation to the misuse of P224 million pork barrel funds. Pork barrel funds were coated as Priority Development Assistance Fund (PDAF) of previous administrations. His co-accused, bussinesswoman Janet Lim Napoles […]
When a peson suffers severe gunshot wound on the face, many would tend to believe either the victim will not survive. If he do, he will have a deformed face the rest of his life. The last statement was almost true. But only to be proven false with the wonders […]
We get it. Bicolanos and travelers to and from the region will have to get used to flying and landing on four dated airports, one each in Legazpi, Pili (for Naga), Virac and Masbate. The one and only, but much vaunted, Bicol International Airport, or the Southern Luzon International Airport, […]
Remember the Filipino priest who celebrated a mass rolling around using a hoverboard? Yes, he was Fr. Albert San Jose of Our Lady of Miraculous Medal parish of Binan in Laguna. His hoverboard mass video became viral but received flack from some netizens and the Catholic hierarchy. Eventually, the priest […]
Why President Duterte is neither Snow White nor Sleeping Beauty? But of course, there could never be another Snow White nor Sleeping Beauty except the originals from the rich imagery of Disney. In the case of the Philippine president, it is funny how local media made full take, nay a […]
This is the moment when man meets robot. What happens next are amazing sequences. Here TV host Jimmy Fallon of the Tonight Show feature demos of amazing new robots from all over the world. It include Massachusset’s Institute of Technology (MIT’s) Mini Cheetah, a wearable tomato-feeding robot and Sophia, […]
Here’s why it will be dangerous to cross over the South China Sea, and airspace anytime soon. A western media reported Friday that China is planning to deploy more surface-to-air missiles in the South China Sea islands under its control. An independent US media source disclosed that Beijing intends to […]
Wondered how much Overseas Filipino Workers Remittance adds up to and where they come from? Here’s a dated infograhic presentation showing an increase of OFW remittance beginning 2013 sourced from data provided by the Bangko Sentral ng Pilipinas. Philippine-based banks and financial remittance companies processed about $26.2 billion or P1.20 […]
QUEZON CITY, April 1 –It is not the usual umbrella for the rain or scorching sunshine. It is the state weather bureau’s series of new tools and information products, for the name Payong PAGASA also include the USAID-supported simplified templates for public dissemination of PAGASA materials. A play on the […]
The driest desert of the world, the Atacama, located on the Pacific coast and covering 1,000 kilometers of Chilean land, has suddenly turned into a gorgeous carpet of wildflowers, after El Nino, a periodic warming in sea surface temperatures across the Equatorial Pacific, brought the heaviest rainfall in two decades […]
TRIPOLI, Dec. 24 — An update report said that hijackers of the Libyan Afriqiyah Airways plane diverted to Malta on Friday have surrendered peacefully, with all hostages released. Footage showed on local television with two hijackers taken into custody in handcuffs peacefully. The two hijackers said they were loyal to […]
Legazpi City — The province of Albay and this city will be able to showcase as a booming economic and tourism hubs outside Manila in the coming Asia-Pacific Economic Cooperation Summit in 2015, DFA Undersecretary Laura del Rosario said Thursday. Earlier, reported here that probably 10 of 63 APEC ministerial […]
MANILA, Oct. 10 — The odds are closing in against Senator De Lima. And some more. So it seems, as the Department of Justice on Monday issued an immigration lookout bulletin order (ILBO) against Senator Leila De Lima and five others who are allegedly involved in the proliferation of illegal […]
Sharing here selected posts via Instagram that will make you wish to be where all the action and events are taking place, all throughout the duration of the Albay province’s hosting of the Palarong Pambansa 2016 from April 10-16. As the joy and drama of winning and defeat continue to […]
Many Pinoys feel a sense of pride upon learning that the Philippines has been acknowledged the text messaging capital of the world in the past years. It is of no wonder since in one household, almost all members of the family that can read and write, therefore can text, have a cellphone for the purpose. But wait, there could be a looming change on this.
MANILA, April 26 — President Benigno S. Aquino III will be busy together with other leaders in the gathering in Kuala Lumpur on Sunday for the 26th Association of Southeast Asian Nations Summit. Along with the official Philippine delegation, the president is due to arrive in Kuala Lumpur on Sunday […]
The most wonderful thing about our government agencies is that they are full of talking heads. Information, misinformation, half-truths and the blatant attempt to deviate attention out of the prevailing true state of the rice supply, its availability and the predicament of farmers, also become part of the job.
MANILA — The only known reason a Comelec official is set to quit his post is due to “unacceptable policy shift” of the poll body. Commissioner Christian Robert Lim is set to resign as head of the Campaign Finance Office on Monday next week to the Comelec en banc. Asked […]
Controversial Liberal Party member and (North) Cotabato Governor Emmylou Taliño-Mendoza faces corruption charges before the Sandiganbayan for illegal procurement in 2010 of diesel fuel worth P2.4 million from a gasoline station owned by her mother. Mendoza, who received the ire over the recent Kidapawan farmers bloody dispersal operation of the […]
The Philippine Commission on Elections OK’s candidacy of Duterte. This after the Comelec First Division unanimously denied the four disqualification cases filed against presidential candidate Davao City Mayor Rodrigo Duterte for lack of merit. Dismissed petitions include one filed by Ruben H. Castor. The Petition to Deny Due Course and/or […]
Severe snowstorm brought about more snow than any New Yorker (and the east coast of the United States) would desire. Some of our friends, expat Filipinos, posted photos of their personal predicament and enjoyment, depending on their situation and appreciation of the weather event. A group of New Yorkers took […]
The National Commission for Culture and the Arts (NCCA) will honor awardees of the ‘Ani ng Dangal’ Awards led by the Philippine cinema’s Superstar, Ms. Nora Aunor. The awarding ceremony which will be held on February 29, 2016 at the Samsung Hall of SM Aura in Taguig, will cap off […]
MANILA, May 16 — State employees with permanent status, even with new hires employed at least four months before May 31st 2015, are poised to receive beginning June 1, 2015 productivity bonus equivalent to one-month salary. Some P30.65 billion has been allocated under the 2015 general appropriatons for the performance-based […]
In the season of change espoused by the President of the Philippines (POTP), elective government officials try to outsmart another with brilliant ideas so they would not be percieved as mere stones gathering moss on the pillars of their four cornered offices. Some fear lurks in their heart that President […]
Facebook Comments