This is one good news for our country, Phils. thought of sharing.

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The Philippines said Wednesday that exports rose at their fastest pace in nearly 15 years in January as the Southeast Asian nation reaped the benefits of an improving world economy.


Exports amounted to 3.58 billion dollars in January, a 42.5-percent increase from the same month in 2009, the National Statistics Office said.


It was the fastest growth rate since April 1995, when the sector grew 42.62 percent, the office's research division said.


Electronics products, the country's top export sector which accounts for more than half of total shipments, rose 51.2 percent to 2.03 billion dollars year-on-year in January, it said.


"The global economy is bouncing back, and demands specially for electronic products are back on track," said Astro del Castillo, an analyst at First Grade Holdings Inc.


"Last year was really the bottom, and we are now really seeing a start of a reversal."


Exports for January were also up 8.0 percent from December, the statistics office said.


Paul Balaoing of PCCI Securities said the January growth clip was "one of the fastest in terms of pace in recent years".


"We came from a low base last year, when exports were down, so now we have a good start for the year and we will probably experience a much better growth rate moving forward," he said.


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