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Updated Thursday, March 11, 2010 11:07 am TWN, AFP

Philippine exports rise at fastest pace in 15years

MANILA -- 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 US$3.58 billion 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 US$2.03 billion year-on-year in January, it said.

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