The Philippines’ exports experienced a growth of 19.7 percent in November 2014 to reach 5.18 billion USD, as shipments of its nine products led by electronics increased, becoming the top exporter in ASEAN and East Asia, according to the Philippines Statistics Authority (PSA).

The country gained 2.55 billion USD from exporting electronic products in the reviewed period, up 27 percent compared to the same period of 2013.

Export growth was also attributed to eight other commodities, including coconut oil, refined copper cathodes, machinery and transport equipment, chemicals, furniture, ignition wiring set and other wiring sets used for vehicles, aircraft and ships, garments and clothing accessories, and metals.

Philippine products were exported to such key markets as Japan, the US, China, Singapore, Germany, the Republic of Korea, Thailand, and the Netherlands.

In January-November, the country raked in 56.93 billion USD from exports, which rose by 10 percent from the same time on the previous year.

Economic Planning Secretary Arsenio Balisacan M. expressed his belief that the country’s export turnover in 2014 would exceed the targeted growth of 6 percent.

Meanwhile, President of the Philippine Exporters Confederation Sergio Ortiz- Luis, Jr. highlighted that the figure for the whole 2014 was likely to increase 10 percent from 2013./.