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The impact of the French export decline on the United States has been negligible.
Elsewhere, even relatively healthy industrial companies like Toyota are also slashing production, which contributed to Japan's huge export decline.
The report indicates that further disruption is expected later this year, which will result in continued UK export decline.
The export decline reflected the fact that Chinese businesses were idled for the weeklong Lunar New Year holiday.
Japan's export decline was in line with what analysts had expected, and was in part due to the timing of the Lunar New Year holiday in January.
Exports of electronics, which account for more than half of Philippine exports over all, dropped 11.2percentt in March, contributing to an overall monthly export decline of 4percentt.
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Export declines last year were even greater in the United States (13.9 percent), the European Union (14.8 percent) and Japan (24.9 percent) than in the rest of the world.
While that was down 22percentt from the first half of last year, other major economies like Germany, the United States and Japan all saw bigger export declines.
In the 2010s, the contribution of the agricultural sector to export declined significantly.
THIS doesn't sound good:Fresh data from the U.S. Department of Energy show the amount of petroleum products shipped by the world's top oil exporters fell 2.5% last year, despite a 57% increase in prices, a trend that appears to be holding true this year as well.There are several reasons behind the net-export decline.
The latest data reinforced the belief that European growth will slow further as exports decline.
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