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Thursday, June 30, 2005
Cebu exports increase 6%
Cebu exports grew six percent in the first quarter of this year to $998.98 million from the same period a year ago, according to the Department of Trade Industry (DTI) 7.
DTI-7 Institutional Development Division Chief Rose Mae Quiñanola
expressed optimism that the value of exports in the region would continue to rise in spite of projections that the demand for electronic products could slow down.
The electronics sector comprised 24 percent of the total exports for the quarter, according to Quiñanola in a statement.
Electronic items exported by Cebu include electronics components, telephone sound and video apparatuses, print cartridges, computer magnetic discs, camera paraphernalia, cellular phone parts and electronic watches.
The other products exported by the province include furniture, fashion accessories, processed foods, and gifts, toys and house-ware.
Cebu exports have been growing, the trade department said.
In 2002, exports grew three percent to $686.5 million in the first three months of the year. This increased 12 percent to $770.56 million the following year.
Last year, exports soared 23 percent to $943.98 million. (CTL)
(June 30, 2005 issue)
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