SUBIC BAY FREEPORT—While many businesses in the country reel from the financial impact of the pandemic, companies and port users in this economic zone saw an increase in exports and imports in the first three months of 2021, the head of the Subic Bay Metropolitan Authority (SBMA) said on Tuesday (May 11).
In a statement , SBMA Administrator Wilma Eisma said Subic’s export value in the first quarter of 2021 hit $321.61 million, a 48-percent increase from 2020’s record in the same period. Eisma said imports also rose to $462.5 million, a 29-percent increase.
The first quarter 2021 export growth was higher by $104.31 million, compared to the $217.3-…
Keep on reading: SBMA says Subic exports, imports defy pandemic