Coco oil, fifth in September’s export drivers
Exports of coconut oil ranked fifth in goods that contributed the most in the country’s external trade in September.
Sales of coconut oil during the month stood at $143.43 million, accounting for 2.6 percent of total September exports.
This marked a 63.8 percent growth from the previous year’s export of $87.55 million.
The country’s total export sales amounted to $5.59 billion in September 2017, increasing 4.3 percent from the $5.36 billion a year ago.
Aside from gains from coconut oil, increases in gold (up 171.3%); coconut oil (63.8%); machinery and transport equipment (34.9%); metal components (8.2%); other manufactured goods (6.9%); and electronic products (6.6%) contibuted in expanding external trade.