Login

Reload

Remember me Forgot it?

Not a subscriber?

Click on the button below to create your account and get immediate access to Xinhua Silk Road Database.

Start a Free Trial

Subscribe

Belt & Road Weekly Subscription Form

Research Report

The full edition of the report is available at Xinhua Silk Road Database. You can click the “Table of Content” to have a general understanding of it.

Click on the button below to create your account and get immediate access to thousands of articles.

Start a Free Trial

views

HOME > View


China serves as Philippines' top export market destination: statistics agency

October 12, 2018


Abstract : China currently serves as a top export market destination for the Philippines, valued at nearly 940 million U.S. dollars or 15.3 percent of the latter's total exports in August, Philippine Statistics Authority (PSA) has said.

出口

MANILA, Oct. 10 (Xinhua) -- China currently serves as a top export market destination for the Philippines, valued at nearly 940 million U.S. dollars or 15.3 percent of the latter's total exports in August, Philippine Statistics Authority (PSA) has said.

According to the trade data released on Wednesday by PSA, China ranked first for the Philippines with exports valued at 939.98 million U.S. dollars of the total exports for August 2018, increasing by 34.4 percent from 699.5 million U.S. dollars value posted in August 2017.

Meanwhile, the Philippine Department of Trade and Industry (DTI) said on Wednesday that it will participate in the first China International Import Expo (CIIE) in November in Shanghai, China.

As the Philippines' main export and investment promotion agency, the DTI said in a statement that it has organized the Philippines' participation in the expo to further penetrate the huge Chinese market through country participation in trade expositions and facilitation of its business-to-business linkages.

Philippine Trade and Industry Secretary Ramon Lopez will lead the country's CIIE participation this year, along with DTI Trade and Investments Promotions Group (TIPG) Undersecretary Nora Terrado.

"China is a priority market for the Philippines and we want to push for exports of our products and services. We are also keen on attracting Chinese investments," Lopez said.


Related Coverage

Focus

Think Tank

  • How will Brexit crisis affect China-UK economic ties...

    February 20, 2019

    It is crucial for China to understand that the first forces active in the Br...

  • Why China remains a magnet for foreign investment?

    February 20, 2019

    With all of these new initiatives in the works, it's fair to say that China ...

  • Greater Bay Area a center of innovation

    February 20, 2019

    The successful establishment of the Greater Bay Area as a center of scientif...

  • How Can China’s Economy Maintain Steady Growth at a...

    February 15, 2019

    China needs to keep expanding its interconnectivity with global markets, pro...

  • Ask Us A Question

    If you have any questions, please enter them in the box below.

    Reload

    Write to Us

    Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to silkroadweekly@xinhua.org and share your stories with more people.

    Click on the button below to create your account and get imhttp://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

    Start a Free Trial