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Philippine May imports up 31.4pc to USD4.75b

Philippine imports rose 31.4 percent to USD4.753 billion in May from USD3.616 billion in the same period last year, led by a double-digit surge in electronics, the Philippine National Statistics Office reported on Tuesday.

The government statistics office said the latest import figure was the highest in 21 months, indicating a pickup in domestic economic activity.

The country’s purchase of electronics went up by 17.7 percent from a year ago to USD1.53 billion after a 63.9 percent rise in April.

(Source: philstar.com)