THE Philippines’ January export receipts on mineral products surged almost 236 percent in 2018 on the back of higher gold shipments.
Export receipts for mineral products January this year totaled $352.40 million, exceeding January 2017’s $104.93 million, the Philippine Statistics Authority (PSA) has reported.
Gold outshone the rest with outbound shipments of $167.87 million in last January, followed by copper metal, worth $85.24 million; copper concentrates, $29.41 million; and iron ore agglomerates, $6.66 million.
The PSA said receipts for other mineral products reached $63.22 million last January.
Mineral product exports accounted for 6.8 percent of the $5.2 billion total receipts from all Philippine exports in January 2018, the PSA said.