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| Banana export of the Philippines |
Primary exports include semiconductors and electronic products, transport equipment, garments, copper products, petroleum products, coconut oil, and fruits. Major trading partners include the Japan, China, United States, Singapore, South Korea, the Netherlands, Hong Kong, Germany, Taiwan, and Thailand.
THE DATA ON PHILIPPINE EXPORT
It is observed that the Philippines is very low on export activity compared to so many countries, and due it, we are not about to cope with our growing foreign debt payments.
Much more, the increase of dollar rates against the peso is alarming indicator that the economy sill suffer further in the coming future.
The exchange rate that is running to 51 pesos per dollar is a thing that should be averted.
we have bigger importation as capital goods in the country, and this will result to inflation, and the devaluation of the peso will not gain good for the country.
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