RTTNews - Tuesday, the National Statistics Office of Philippines said exports dropped 24.7% year-on-year in June, slower than a 26.9% fall in the preceding month. Economists expected a 23.5% drop.
On an annual basis, the biggest drop in exports was a 68.5% fall in petroleum products, followed by a 52.7% decline in exports of coconut oil.
On a monthly basis, exports grew 10.4%, faster than a 10.2% rise in the preceding month.
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