In a recent forum of the Capampangans in Media, Inc., Marilou Balano, executive director of the Philippine Exporters Foundation, Inc. in Region 3 (PhilExport-3) said that projection is also based on exports performance of the region this year, with exports earnings reaching $7.6 billion.
“Apart from peso depreciation, the exports optimism is also based on our considering China and India no longer as competitors but markets for our products,” she said.
Balano said Pampanga, specifically this freeport, has remained Central Luzon’s top exporter, with electronics comprising some 97 percent of the exports.
She cited latest records indicating that 70.94 of Central Luzon’s exports in the past year were electronic products, of which 97.84 percent were manufactured in Pampanga.
The records also indicated 12.68 percent of the exports comprised of machinery, transport equipment, and apparatus, 4.40 percent of garments and textiles, 2.51 percent of construction materials, and 2.34 percent of fashion accessories and leather goods.
Balano also noted that China has become Central Luzon electronic exporters’ biggest market, covering 34.53 percent of the market share followed by the US with 16.52 percent, Hong Kong with 13.36 percent, Japan with 8.4 percent, Taiwan with 3.3 percent and Australia with 2.9 percent.
