Philippine Trade Grew 14.2%

Philippine trade grew 14.2% in January this year buoyed by export receipts, the government said on Friday, while warning that US protectionist policies may hamper its momentum and global recovery, Xinhua reported. The National Economic and Development Authority said in a statement that the Philippines recorded a total $12.6 billion in January 2017. It said imports grew by 9.1%, while exports grew by 22.5%. “Export receipts from nearly all major markets experienced growth,” the statement read. It said export to China grew 26.3%, to South Korea, 50.5%, ASEAN, 19.3%, European Union, 82.5%, and the United States, 16.5%.