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.
***
****
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
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 VPOP Leni Robredo Video: […]
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, […]
On November 21st, 2018, the Office of the Vice President issued a statement which addresses concern on the issues hounding the 2-day state visit of Chinese President Xi Jinping upon the invitation of President Duterte. Read the full statement below: “We call on the administration to be transparent with all […]
We are like waiting for something expected could happen as the ‘illegal’ migrants from Central America, but mostly Hondurans, mass and knock at the border between Mexico and US. This tense expectation is fueled with the alleged leak of information that the White House has reportedly issued a memo authorizing […]
After careful consideration, Cbanga360.Net switches back in time to a dated and quirky theme of a few eons back. The change was made into effect last week bringing upfront past and previous posts (Throwback and Upcoming) to our readers which are still relevant and were most read that time. This […]
The domestic airport in Pili serving metropolitan Naga and the provinces of Camarines Sur and Camarines Norte will soon be capable of catering to evening flight take-off and landing operations. The Naga airport, which is operated by the Air transportation Office (ATO) of the Department of Transportation and Communications, has […]
To get a good grasp of the illegal immigrant crisis in the United States (America), and in Europe (European Union), we are sharing below two video coverage, one for each. These are different takes on the massive migrant caravan that began marching from Central America, mostly coming from Honduras, with […]
The town of Daraga in Albay province, has total assets of P1.029 billion making it to the top of the list among the richest municipal local government units (LGU) for 2017, besting 106 others in Bicol region, according to the Commission on Audit (COA). Daraga, aside from topping the list, […]
Ownership of the University of Nueva Caceres change hands. Kind of. For decades, the Hernandez family of Naga city and Libmanan town used to own and manage the first and largest university in Bicol. But not anymore as the education arm of the Ayala Corporation, the AC Education, Inc., (AEI) […]
Naga City, Bicol’s financial, business, educational and religious capital now has a total net worth of over P4.675 billion, making it the richest local government unit (LGU) in the region, according to the Commission on Audit (COA). The City of Ligao, in Albay province, followed far second, with a total […]
Where can one find the world’s longest sea-crossing bridge? The easiest guess is in Hong Kong. But to be more specific, it starts from Hong Kong through Zhuhai (in China’s southern Guangdong province) and connecting with Macau Special Administrative Region. The long and winding structure was built at the tune […]
Pope Francis will canonize two new saints today, by far the most controversial personalities of the 20th century in the Roman Catholic Church. St. Peter’s Basilica will host the ascension to sainthood of Pope Paul VI (left photo) and martyred Archbishop Oscar Romero of El Salvador (right photo). Pope Francis […]
The University of Santo Tomas distanced itself from the recognition given to Malacanang’s communication assistant secretary Mocha Uson by one of its alumni organization. The educational institution has to make a clarificatory statement the recognition given to Presidential Communications Operations Office Assistant Secretary Esther Margaux ‘Mocha’ Uson was given by […]
The Malacanang palace on Saturday made known an official denial it has got no hand in the subpoenas issued by the National Bureau of Investigation to online xocial news network publisher Rappler chief executive officer (CEO) Maria Ressa and two others over cybercrime raps, Presidential Spokesperson Harry Roque said on […]
Today, April 22nd is Earth Day. The international advocacy group Earth Day Network has chosen the theme “A Billion Acts of Green,” a people-powered campaign to generate a billion acts of environmental service and advocacy before Rio +20. And the local scene is alive with enthusiasm and effort at protecting the environment.
ISTANBUL, June 29 — At least 36 people were killed and 147 others injured in two explosions that hit the Ataturk Airport, the largest in Istanbul on Tuesday evening and involved three suicide bombers, forcing the suspension of all flights. “We’re evaluating the possibility of three suicide bombers,” Istanbul Governor […]
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 […]
It is not easy telling the organizers of the just recently concluded Fiesta Tsinoy Chinese Lunar new year celebration last Thursday to stop importing Manila-based so-called entertainers. The locals love to see paid talents sing and gyrate on the stage, and attempt to say a few Bicol words which all […]
Watch here live stream of Pope Francis Papal Visit in the Philippines. Cbanga360.net – The Bicol Street Journal will share the live coverage of the first Papal Visit to the Philippines of Pope Francis on January 15 – 19, 2015. The live stream coverage will cover public appearances of the […]
The Supreme Court has ordered that judges and clerks of court are required to report on duty in order to resolve election related cases during the barangay elections on Monday. Court Administrator Justice Jose Midas P. Marquez, in a two-page circular, directed the judges to report for duty on election […]
MANILA — The Philippine National Police has issued a directive to all operators, managers and security officers of police security agency, police detective agency, company guard forces and government security units to conduct muzzle taping of all their firearms. This is in line with the agency program to prevent the […]
LEGAZPI CITY, — Albay opens its international gateway through this city on January 30th. On this day, about 156 Chinese tourists will visit the Bicol province during the initial direct flight from Xiamen, China. The Chinese nationals are expected to stay for a five-day tour. The domestic airport here has […]
Scientists link underwater volcanic eruptions to climate change MOSCOW, Feb. 9 — Volcanic eruptions under the sea floor may well have an impact on climate change, according to a new study published in the Geophysical Research Letters journal. “People have ignored seafloor volcanoes on the idea that their influence is […]
Severe tropical storm “Lando” has intensified into typhoon and is now threatening the Aurora-Isabela area as 14 areas in Luzon are now under public storm warning signal (PSWS) no. 1, the Philippine Atmospheric Geophysical, Astronomical Services Administration (PAGASA) said on Friday. PAGASA defines a typhoon an intense tropical cyclone with […]
We are sharing the first ever compiled short movie using the chroma key effect on a green screen here. The first output is still wanting of a good end result. Have to invest in good lighting fixtures for the background and the subject, though. On this short movie we present […]
ZAMBOANGA CITY, Feb. 25 — Almost there. Everything is ready for the holding of the first local bird festival to be hosted by the Zamboanga State College of Marine Sciences and Technology (ZSCMST) on Friday, February 27, here. State college president Dr. Milabel Nazario made this announcement Tuesday, citing the […]
More song, slides tribute to the Fallen44 of Mamasapano killing fields Can’t get enough tributes? Here’s more gathered more tributes for the Fallen44, here highlighting one made for the PNP and by a private individual. Good enough the Fallen44 Philippine National Police Special Action Force that saw action in the […]
MANILA — The Supreme Court upheld the findings of probable cause against Janet Lim Napoles in connection with the alleged pork barrel queen of scam Janet Lim Napoles. This after the SC upheld the findings of probable cause against Napoles in connection with the said anomaly which indicted them for […]
The advocacy organization Social Watch Philippines alleges that the 2015 General Appropriations Act (GAA), which President Benigno S. Aquino III will sign before the end of the year, is very much loaded with pork barrel funds. The budget watchdog said in a report that vulnerabilities in the 2015 national budget […]
Free at last! That could be one of the first liners former President Gloria Macapagal Arroyo may have said after the Supreme Court of the Philippines (SCOTP) dismissed the case that stemmed from the alleged misuse of the P366-million confidential intelligence fund of the Philippine Charity Sweepstakes Office (PCSO) during […]
Ninety-five pecent of the initial calls received for the government’s public service hotlines “8888” and “911” were, guess what, prank. On Tuesday, Philippine Long Distance Telephone company Chairman Manuel V. Pangilinan said, “Actually, we expected that (receiving many prank calls),” on the sidelines of the telco giant’s briefing on its […]
