Export earnings in February 2012 amounted to $4.431 billion, a 14.6 percent increment from $3.865 billion recorded in February of 2011. Similarly, on a monthly basis, it increased by 7.4 percent from $4.123 billion posted in January 2012. Aggregate merchandise exports for the first two months of 2012, showed an increase of 8.8 percent to $8.554 billion from $7.865 billion posted during the same two-month period in 2011.