January mineral export receipts up 236%

A nickel miner. (PDI photo)

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.

p: wjg