MERCHANDISE EXPORT PERFORMANCE *
April 2011
( Preliminary )
* Includes transactions that passed through Automated Export Documentation System (AEDS).
p - preliminary
r - revised
APRIL 2011 MERCHANDISE EXPORTS INCREASE BY 19.1 PERCENT
Export earnings in April 2011 amounted to $4.300 billion, a 19.1 percent increment from $3.612 billion recorded in April of 2010. However, compared to previous month level, it went down slightly by 1.2 percent from $4.353 billion in March 2011. Meanwhile, receipts from merchandise exports during January to April of 2011 grew by 10.6 percent to $16.519 billion from $14.943 billion during the same period a year earlier.
ELECTRONIC PRODUCTS DOWN BY 2.1 PERCENT
Accounting for 49.9 percent of the total exports revenue in April 2011, Electronic Products emerged as the country’s top export with total receipts of $2.146 billion. It lowered by 2.1 percent from $2.193 billion registered in April 2010. Similarly, on a monthly basis, Electronic Products, declined by 4.1 percent from $2.239 billion posted in March 2011. Components/Devices (Semiconductors) which comprised 40.4 percent of the total exports and the biggest share among the major groups of electronic products recorded export earnings worth $1.738 billion, an expansion of 7.7 percent from $1.614 billion in April 2011.
Coconut Oil including crude and refined followed as the second top export earner in April 2011 with total receipts of $194.03 million or a share of 4.5 percent to the total exports revenue. It rose by 80.9 percent compared to April 2010 level of $107.25 million.
Cathodes and Section of Cathodes, of Refined Copper recorded as the country’s third top gainer in April 2011 with revenue valued at $175.58 million (4.1%). This value accelerated by 204.0 percent from $57.75 million recorded in April 2010.
Ranked fourth in April 2011 and contributing 3.1 percent share to the total export receipts was Articles of Apparel and Clothing Accessories with earnings amounting to $132.26 million. This figure expanded by 24.0 percent from its year ago level of $106.65 million.
Woodcrafts and Furniture with 3.0 percent share to the total export receipts ranked fifth with value posted at $127.84 million or an equivalent 81.6 percent increment from $70.40 million registered in April 2010.
Rounding up the list of the top ten exports for the month of April 2011 were Metal Components excluding brakes and servo-brakes with export revenue of $56.68 million improved by 9.3 percent; Ignition Wiring Set and Other Wiring Sets Used in Vehicles, Aircrafts and Ships consisting only of electrical wiring harness for motor vehicles with export earnings worth $54.70 million dropped by 11.3 percent; Bananas (Fresh) with export receipts of $45.80 million rose by 219.7 percent, the highest registered annual growth rate among the top ten exports; Petroleum Products including refined petroleum products, manufactured from crude petroleum oil imported on consignment basis with recorded sales amounting to $43.95 million was higher by 47.3 percent; and Gold extracted from copper ores and concentrates with proceeds billed at $43.34 million rose by 81.4 percent.
Total receipts from the top ten exports reached $3.020 billion, or 70.2 percent of the total exports.
EXPORTS OF MANU
Accounting for 79.4 percent of the total export receipts in April 2011, outward shipments of Manufactured Goods was estimated at $3.416 billion, representing an increase of 9.8 percent from $3.111 billion recorded in April 2010. Month-on-month, however, it went down by 3.5 percent from $3.541 billion recorded in March 2011.
Income from Total Agro-Based Products comprising 9.2 percent share of the total exports revenue in April 2011 rose by 89.2 percent to $394.02 million from $208.25 million in April 2010. Compared to its previous month level, it grew by 16.6 percent from $338.03 million in March 2011.
Earnings from Mineral Products with a 7.8 percent share in April 2011 reached $336.11 million. It expanded by 118.4 percent from $153.88 million in April 2010. Similarly, export receipts from Special Transactions reflecting 2.5 percent share expanded by 0.3 percent to $107.11 million from $106.76 million posted in April 2010.
Petroleum Products accounting for 1.0 percent share of the total exports revenue accelerated by 47.3 percent to $43.95 million from $29.83 million in April 2010. Likewise, Forest Products with less than 0.1 percent share grew by 31.5 percent to $3.13 million in April 2011 from $2.38 million in April 2010.
EXPORTS TO JAPAN ACCOUNTS FOR 17.3 PERCENT
Japan including Okinawa comprising 17.3 percent share to total exports for April 2011 emerged as the country’s top destination of exports with revenue amounting to $741.88 million. It was higher by 20.2 percent from $617.10 million recorded a year ago.
United States of America (USA) including Alaska and Hawaii with 13.2 percent share to total exports followed as the second top market of the country for April 2011 with export earnings worth $567.38 million. This represents a decrease of 1.3 percent from $574.61 million reported a year earlier.
People’s Republic of China accounting for 11.4 percent share to total exports came in third with shipments amounting to $490.26 million. Compared to its April 2010 level, this value expanded by 36.0 percent from $360.40 million.
Singapore sharing 10.7 percent to the total exports in April 2011 ranked fourth with $458.56 million or a 48.5 percent increment from it’s year ago level of $308.71 million.
Fifth in rank and representing 9.9 percent share to total exports was Hong Kong with export earnings worth $425.37 million or an increase of 21.8 percent from $349.35 million posted in April 2010.
Other top ten markets for April 2011 were Taiwan, $219.89 million (5.1%); Republic of Korea, $211.47 million (4.9%); Netherlands, $205.39 million (4.8%); Thailand, $193.31 million (4.5%); and Germany, $131.84 million (3.1%).
Total export receipts from the country’s top ten markets for the month of April 2011 amounted to $3.645 billion or 84.8 percent of the total.
EXPORTS TO EASTERN
The Philippines’ merchandise exports to Eastern Asia in April 2011 contributed 48.6 percent share to total exports, amounting to $2.092 billion or an increase of 27.0 percent from its April 2010 figure of $1.647 billion.
Exports to ASEAN member-countries accounting for 19.7 percent share to total merchandise exports in April 2011 reached $845.31 million, a 40.8 percent annual growth from $600.51 million recorded in April 2010.
Merchandise exports to European Union (EU), on the other hand, sharing 12.8 percent to total merchandise exports in April 2011 was valued at $551.78 million. However, this figure contracted by 9.0 percent from $606.06 million recorded in April 2010.
Notes:
1/ - includes China, Hong Kong, Japan, Macau, Mongolia, N, Korea, S. Korea, Taiwan
2/ - includes Brunei Darussalam, Cambodia, Indonesia, Laos, Malaysia, Myanmar, Singapore, Thailand, Vietnam
3/ - includes Austria, Belgium, Bulgaria, Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Ireland, Italy, Latvia, Lithuania, Malta, Netherlands, Poland, Portugal, Romania, Slovakia, Slovenia, Spain, Sweden, Latvia, and UK Great Britain & N. Ireland
Technical Note:
Starting with the January 2007 Press Release, analysis and tables are based on the 2004 Philippine Standard Commodity Classification (PSCC) groupings (as amended in 1999). This is in compliance with NSCB Resolution No. 03, Series of 2005 entitled “Approving and Adopting the 2004 Philippine Standard Commodity Classification” by all concerned government agencies and instrumentalities.
(Sgd.) CARMELITA N. ERICTA
Administrator
Source: Foreign Trade Statistics Section
Industry and Trade Statistics Department
National Statistics Office
Manila, Philippines
