MERCHANDISE EXPORT PERFORMANCE*
September 2012
(Preliminary)
* Include transactions that passed through Automated Export Documentation System (AEDS) and Electronic to Mobile (E2M).
p - preliminary
r - revised
MERCHANDISE EXPORTS INCREASE BY 22.8 PERCENT FOR SEPTEMBER
Export earnings in September 2012 expanded by 22.8 percent to $4.784 billion from $3.897 billion recorded in September 2011. The growth was brought about by the increase in value of shipments of commodities such as Tuna (includes fresh, frozen, prepared or preserved in airtight containers), Metal Components (excluding brakes & servo-brakes), Bananas (fresh), Woodcrafts and Furniture, Ignition Wiring Set and Other Wiring Sets Used in Vehicles, Aircrafts and Ships, Petroleum Products, Coconut Oil and Electronic Products. Similarly, on a monthly basis, it expanded by about 26.0 percent from $3.798 billion posted in August 2012. Meanwhile, total volume of outward shipments in September 2012 showed an increase of 47.3 percent year-on-year and 152.6 percent expansion compared to last month’s outward shipments. Likewise, cumulative merchandise exports for the first nine months of 2012 recorded a positive growth of 7.2 percent to $40.067 billion from $37.376 billion posted during the same period of 2011.
ELECTRONIC PRODUCTS GROW BY 1.1 PERCENT
Electronic Products emerged as the country’s top export with total receipts of $1.832 billion. It accounted for 38.3 percent of the total exports revenue and grew by 1.1 percent in September 2012. Similarly, outward shipments were also up by 28.5 percent compared to same month last year’s recorded shipments. Components/Devices (Semiconductors), which comprised 30.7 percent of the total exports, had the biggest share among the major groups of electronic products with export earnings worth $1.471 billion and registered an increase of 1.3 percent from $1.451 billion in September 2011. On a monthly basis, electronic products as well as semiconductors showed a positive growth of 3.8 percent and 4.3 percent, respectively. Similarly, volume of outward shipments of semiconductors grew by 35.7 percent compared to same period a year ago.
Woodcrafts and Furniture with 5.8 percent share in the total value of exports for September 2012 was recorded as the country’s second top export with revenue valued at $276.10 million. This figure exhibited a growth of 80.4 percent compared with its year ago level of $153.01 million. Likewise, volume of this product also grew by 85.1 percent compared to the same period last year.
Metal Components followed as the third top export earner in September 2012 with total receipts of $144.86 million or a share of 3.0 percent to total exports revenue. It expanded by 116.6 percent compared with its year ago level of $66.89 million. Outward shipment of this product also showed an expansion of 29.7 percent compared to its year ago recorded shipment.
Ranked fourth in September 2012 and contributing about 3.0 percent share to the total export receipts were Ignition Wiring Set and Other Wiring Sets Used in Vehicles, Aircrafts and Ships consisting only of electrical wiring harness for motor vehicles with earnings amounting to $141.90 million. It went up by 49.9 percent from $94.66 million registered in September 2011. Furthermore, volume of shipments of this commodity showed a 45.8 percent increase compared to last year same month period.
Articles of Apparel and Clothing Accessories with 2.1 percent share to the total export receipts ranked fifth with value posted at $98.42 million. It decreased by 39.7 percent from $163.29 million recorded in September 2011. Similarly, volume of outward shipments decreased by about 47.0 percent compared to it’s a year ago volume of shipment.
Rounding up the list of the top ten exports for the month of September 2012 were Bananas (fresh) with export revenue of $81.81 million increasing by 87.8 percent; Coconut Oil including crude and refined with export receipts of $79.10 million, gaining by 2.0 percent; Cathodes & Sections of Cathodes, of Refined Copper with export earnings of $72.24 million losing by 43.6 percent; Petroleum Products (includes refined petroleum products, manufactures from crude petroleum oil imported on consignment basis) with recorded sales of $62.65 million increasing by 7.4 percent; and Tuna (includes fresh, frozen, prepared or preserved in airtight containers) with proceeds billed at $47.99 million. It rose by 128.7 percent, the highest annual increase among the top ten exports, compared to same month a year ago level of about $21.0 million.
Total receipts from the top ten exports reached $2.837 billion, or 59.3 percent of the total exports.
EXPORTS OF MANU
Accounting for about 86.0 percent of the total export receipts in September 2012, value of outward shipments of Manufactured Goods was estimated at $4.113 billion, representing an increase of about 29.0 percent from $3.189 billion recorded in September 2011. Outward shipments in terms of gross kilos showed a positive year on year change of 3.9 percent compared to shipment in September 2011. Similarly, value went up by 21.3 percent compared to recorded value of $3.392 billion in August 2012 and volume grew by 17.5 percent month-on-month.
Income from Total Agro-Based Products, comprising 6.5 percent share of the total exports revenue in September 2012, went down by 2.3 percent from $319.74 million to $312.30 million. However, it expanded by 63.4 percent from $191.09 million in August 2012. Also, this product showed an expansion in terms of volume with 33.5 percent year-on-year change and 49.2 percent month-on-month change. The upward trend was mainly due to the increase in both the value and volume of export items like coconut products and fruits and vegetables.
Earnings from Mineral Products with a share of 3.9 percent reached $185.85 million. It went down by 16.4 percent from $222.20 million in September 2011. Moreover, export receipts from Special Transactions which consist of commodities like gifts, donations, machinery and equipment returned to the country, replacement of returned goods and the likes reflecting 2.1 percent share was lower by 5.0 percent from $103.78 million in September 2011 to $98.63 million in September 2012. However, shipment of products categorized under special transactions showed an increase of 13.3 percent compared to September 2011 recorded volume of outward shipments.
Export value of Petroleum Products, registered at $62.65 million and with a 1.3 percent share of the total export earnings, grew by 7.4 percent compared to same month a year ago. Forest Products accounting for 0.2 percent share of the total exports revenue increased by 185.0 percent to $11.31 million in September 2012 from $3.97 million value a year ago. Moreover, volume of shipments of this product rose by 34.7 percent compared to same period last year.
EXPORTS TO JAPAN ACCOUNTS FOR 30.8 PERCENT
Japan including Okinawa getting 30.8 percent share of the total exports for September 2012 emerged as the country’s top destination of exports with revenue amounting to $1.473 billion. It was higher by 115.1 percent compared to $684.90 million recorded a year ago. The export items to Japan consist mainly of miscellaneous manufactured articles, n.e.s and wood manufactures.
United States of America (USA) including Alaska and Hawaii with 12.6 percent share to total exports followed as the second top market of the country for September 2012 with export earnings worth $602.89 million. This represented an increase of 16.2 percent from $518.63 million reported a year earlier. Electronic products particularly components/devices (semiconductors) are the products mostly exported to USA.
People’s Republic of China accounting for 11.1 percent share to total exports came in third with shipments amounting to $529.12 million. Compared to the same month a year ago, however, its value contracted by 3.5 percent from $548.13 million. Products exported to China comprised mostly of electronic products.
Hong Kong ranked fourth in September 2012 with $358.88 million or 7.5 percent share of the total exports. The amount rose by 33.6 percent from last year’s amount of $268.66 million.
Fifth in rank and representing 7.1 percent share to total exports was Singapore with export earnings worth $341.19 million which recorded a growth of 14.0 percent from $299.25 million posted in September 2011.
Other top ten markets for September 2012 were Thailand, $218.51 million; Taiwan, $182.92 million; Republic of Korea, $179.76 million; Germany, $137.79 million; and Netherlands, $120.92 million.
Total export receipts from the country’s top ten markets for the month of September 2012 amounted to $4.145 billion or 86.6 percent of the total.
EXPORTS TO EAST
The merchandise exports of the Philippines to East Asia (China, Hong Kong, Japan, Macau, Mongolia, North Korea, South Korea and Taiwan) in September 2012 accounted for about 57.0 percent share of total exports, amounting to $2.727 billion or an increase of 47.3 percent from its September 2011 figure of $1.851 billion.
Exports to ASEAN member-countries, accounting for 15.3 percent share to total merchandise exports in September 2012 reached $733.65 million and grew by 4.4 percent from $703.02 million recorded in September 2011.
Merchandise exports to European Union (EU), sharing 9.3 percent to total merchandise exports in September 2012 was valued at $443.94 million. It dropped by 10.1 percent from $493.80 million posted in September 2011.
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 Alaska and Hawaii
4/ - includes Austria, Belgium, Bulgaria, Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece,
Hungary, Ireland, Italy, Latvia, Lithuania, Luxembourg, Malta, Netherlands, Poland, Portugal, Romania, Slovakia,
Slovenia, Spain, Sweden and UK Great Britain
Technical Note:
Starting with the February 2007 Press Release, analysis and tables are based on the 2004 Philippine Standard Commodity Classification (PSCC) groupings. 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.
CARMELITA N. ERICTA
Administrator
Source: Foreign Trade Statistics Section
Industry and Trade Statistics Department
National Statistics Office
Manila, Philippines
