Philippines says unlikely to hit 10 pct export growth goal in 2012

MANILA, Oct 10 (Reuters) - The Philippines is unlikely tohit its export growth target of 10 percent this year, withgrowth seen only reaching up to 7 percent due to slowing demandfrom its traditional markets, the trade secretary said onWednesday.

Weak orders for its top electronics and semiconductorshipments from big markets United States and China have keptoverall Philippine exports growing at modest levels. Exportswere up 5.4 percent from a year ago in the first eight months ofthe year.

"The realistic growth for this year is between 5 and 7percent," Gregory Domingo, trade secretary, told reporters. "Idon't think we can still reach 10 percent)."

Data earlier on Wednesday showed August exports fell 9.0percent from a year earlier.

(Reporting by Erik dela Cruz; Editing by Kim Coghill)


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