Economists said Philippine exports were likely to slow further in the last quarter of the year as high oil prices damp global economic growth.

Electronics accounts for more than 60 percent of Philippine exports.

Worse, the number is rising as the global slowdown continues to hit Philippine exports.

During the 1950s and 60s, more than 20 percent income of Philippine exports came from the sugar industry.

Philippine exports slowed in October, rising only 2.6 percent compared with the month a year ago on slack demand for electronics.

Electronics make up least half of Philippine exports.

Indeed the value of the Philippine exports reached an all high of 320,896,000 pesos, the highest since 1929.

Philippine exports to Pakistan are valued at about US$28.8 million in 2006.

And with companies from Remerco to Intel expanding, Philippine exports have climbed more than 25 percent in the last year.

By 1940, some 40% of Philippine exports to Japan were metals of iron, copper, manganese and chrome.