China remains to be the Philippines' top trading partner.
Philippine exports jumped, while imports sustained momentum in March, partly due to low base effects, latest figures of the Philippine Statistics Authority showed., trade contracted due to the pandemic.The bounce was driven mainly by electronics which posted a 25% growth.
China contributed the highest export value, amounting to $1.07 billion in March, followed by the United States , and Japan . Mapa, however, was not convinced of the imports jump, noting that this was again driven mainly by base effects from the lockdowns last year.
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