Imports down 31.5% in Nov

MANILA, Philippines — Philippine imports plunged 31.5 percent year-on-year to $3.4 billion in November, the government said Tuesday amid an electronics demand meltdown that has led to thousands of job losses.

November imports of electronics parts, which are assembled at local factories into finished products for shipment abroad, fell 41.9 percent from a year ago, having already suffered a 30-percent annual drop in October.

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