Merchandise Export Performance : August 2016

Reference Number: 

2016-148

Release Date: 

Tuesday, October 11, 2016

MERCHANDISE EXPORTS PERFORMANCE

 

AUGUST 2016

(Preliminary)

 

 

August

 

2016 p

2015 r

 

TOTAL EXPORTS

     FOB Value in Million US Dollars

     Year-on-Year Growth (Percent)  

Electronic Products

     FOB Value in Million US Dollars

     Year-on-Year Growth (Percent)

 

 

4,903.95

-4.4

 

2,633.45

11.6

 

 

5,127.93

-6.3

 

2,359.14

3.6

 

 
Top 10  Philippine Exports to All Countries: August 2016 p
(Year-on-Year Growth in Percent)

Gainers

Losers

Ignition Wiring Set and Other Wiring Sets Used in Vehicles, Aircrafts and Ships
12.9
Machinery and Transport Equipment
-52.5
Electronic Products
11.6
Metal Components
-25.9
Other Mineral Products
2.3
Chemicals
-16.2
 
 
Articles of Apparel and Clothing Accesories
-11.3
 
 
Other Manufactures
-9.3
   
Woodcrafts and Furniture
-8.8
   
Coconut Oil
-6.9
                   p-preliminary, r-revised
 
 
 
 

EXPORTED GOODS DECREASE BY 4.4 PERCENT IN AUGUST 2016

The Philippines’ export sales amounted to $4.904 billion in August 2016, a 4.4 percent decrease from $5.128 billion recorded value in August 2015.  The decrease was attributed to seven major commodities out of the top ten export commodities for the month.  These include machinery and transport equipment (-52.5%); metal components (-25.9%); chemicals (-16.2%); articles of apparel and clothing accessories (-11.3%); other manufactures (-9.3%); woodcrafts and furniture (-8.8%); and coconut oil (-6.9%) (Table 1).

Furthermore, total merchandise exports for the period January to August 2016 registered  a  7.8  percent decrease  from  $39.500  billion recorded  in  2015 to $36.409 billion in the same period of 2016 (Table 1).

 

EXPORTS OF ELECTRONIC PRODUCTS WENT UP BY 11.6 PERCENT

Electronic Products remained as the country’s top export with total receipts of $2.633 billion, accounting for 53.7 percent of the total exports revenue in August 2016. It went up by 11.6 percent from $2.359 billion registered in August 2015.  Components/Devices (Semiconductors),  with the biggest share of 39.0 percent  among electronic products, increased by 11.2 percent to $1.912 billion in August 2016 from $1.719 billion in August 2015.

Other Manufactures ranked second with 7.1 percent share valued at $346.65 million to the total export receipts. It recorded, however, a decrease of 9.3 percent from August 2015 value of $382.32 million.

Woodcrafts and Furniture was the third top export earner in August 2016 with export revenue of $254.59 million.  Export sales for this commodity group fell by 8.8 percent from $279.21 million in August 2015.

Machinery and Transport Equipment ranked  fourth, with a contribution of 3.9 percent share to the total export receipts, recording sales of $193.70 million in August 2016.  It registered a 52.5 percent decrease from the previous year level of $407.41 million.

Ignition Wiring Set and Other Wiring Sets Used in  Vehicles, Aircrafts and Ships was recorded as the country’s fifth top export earner with value at $173.61 million or 3.5 percent share to total exports. It went up by 12.9 percent from $153.80 million in same period of 2015.

Rounding up the list of the top ten exports with corresponding export sales for the month of August 2016 were:

  • Other Mineral Products   with  $120.16 million, grew by 2.3 percent;
  • Chemicals with $105.81 million, decreased   by   16.2 percent;
  • Coconut Oil with $97.44 million dropped by 6.9 percent;
  • Metal Components with $93.17 million, decelerated by 25.9 percent; and  
  • Articles of Apparel and Clothing Accessories   with  $91.42 million, fell by 11.3 percent.

Total receipts from the top ten exports reached $4.110 billion or 83.8 percent of the total exports, decreasing by 1.2 percent in August 2016.

 

EXPORTS OF MANUFACTURED GOODS DECREASE BY 4.1 PERCENT

Outward shipments of Manufactured Goods were valued at $4.237 billion, accounting for 86.4 percent of the total export receipts in August 2016.  It recorded a decrease of 4.1 percent from $4.417 billion recorded in August 2015 (Table 3). 

Exports from Total Agro-Based Products, with a 6.5 percent share to total exports in August 2016, amounted to $318.32 million.  It decreased by 5.2 percent from $335.63 million in August 2015.

Merchandise exports from Mineral  Products, which shared 4.8 percent of the total exports revenue, increased by 10.1 percent from $214.99 million in August 2015 to $236.75 million in August 2016.

Special Transactions with a 2.0 percent  share to total exports, decreased by 16.7 percent from $116.41 million in August 2015 to $96.99 million in August 2016.

Petroleum Products, with 0.3 percent share, declined by 68.2 percent from $41.07 million in August 2015 to $13.06 million during the same month in 2016.

Moreover, sales from Forest Products, accounting for less than 0.1 percent share of the total exports, decreased by 19.5 percent from $2.60 million in August 2015 to $2.10 million in same period of 2016.

JAPAN ACCOUNTS FOR 20.4 PERCENT OF THE TOTAL EXPORTS IN AUGUST 2016

Total export receipts from the country’s top ten market destinations for the month of August 2016 was valued at $4.176 billion, accounting for 85.2 percent share of the total export receipts (Table 5).  See Figure 4.

Japan including Okinawa remained as the country’s top export destination with revenue amounting to $1.002 billion, comprising 20.4 percent share to total exports for August 2016.  It decreased by 5.1 percent from $1.055 billion recorded during the same month a year ago.

United States of America (USA) including Alaska and Hawaii ranked second, accounting 15.1 percent of total exports, with receipts valued at $738.76 million in August 2016. It recorded a decrease of 4.7 percent from $775.25 million during the same month last year.

Hong Kong ranked third with $635.45 million or 13.0 percent share of the total exports.  It increased by 22.4 percent from $519.01 million recorded during the same month last year.

People’s Republic of China with 11.4 percent share to total exports, ranked fourth with shipments   valued   at   $558.44 million.  It went up by 2.2 percent from $546.35 million in the same month a year ago.

Singapore placed fifth, representing a 7.1 percent share to total exports, with export earnings worth $346.25 million.  It decelerated by 3.1 percent from $357.42 million posted in August 2015.

Other top ten market destinations for August 2016 were: Germany, $202.73 million; Taiwan, $189.61 million; Thailand, $186.04 million;  Republic of Korea, $169.23 million; and Netherlands $147.54 million.

Exports to Other Countries which was valued at $728.23 million accounted for 14.8 percent of the total exports for the month of August 2016.  Among the Other Countries, Malaysia including Sabah and Sarawak recorded the highest at $92.56 million or 1.9 percent of the total exports.

MORE THAN 50 PERCENT OF EXPORTS ARE FOR COUNTRIES IN EAST ASIA

Majority of the country’s merchandise exports in August 2016 went to countries in East Asia, accounting for 52.2 percent share to total exports valued at $2.560 billion.  It increased by 2.5 percent from $2.497 billion of August 2015. 

Commodities exported to ASEAN member countries comprised 14.8 percent of the total exports in August 2016 and was valued at $728.14 million. This registered, however, a decrease of 4.9 percent from $765.43 million posted in same month a year ago.

Exports to European Union member countries, with 11.6 percent share to total merchandise exports amounted to $568.86 million.  It recorded a 9.4 percent decrement from $627.63 million recorded in August 2015 (Table 6).

 
 
 
 
 
 
 
 
 

Technical Notes

 

Export trade statistics are compiled by the Philippine Statistics Authority (PSA) from copies of Export Declarations (ED) filed with the Bureau of Customs (BOC) by exporters or their authorized representatives as required by law. Electronic copies of ED are accessed monthly by PSA thru the Bureau of Customs and PEZA Automated Export Documentation System (AEDS). AEDS is a paperless transaction in lieu of the manual filling-up of export documents.  About 85.0 percent of the total documents are in electronic format and the rest are still in hard copies.

All documents (hard copies and e-files) received before the cut-off date which is every 25th day of the month, are compiled, processed and generated in a monthly statistical tables for the preparation of Press Release.  All documents received after the cut-off date, however, are processed and included in the generation of the revised statistical tables.  Revised statistical tables are made available 10 to 15 working days after the press release date.

The Press Release is due every 10th day of each month.  However, if the 10th day falls on a Saturday, release will be on Friday but if it falls on a Sunday or Monday the release will be on Tuesday.  If the release date falls on holiday, the date of release is moved accordingly.

The 2004 Philippine Standard Commodity Classification (PSCC) is used to classify the commodities at the 10-Digit level for statistical purposes.

Data on international merchandise trade statistics are available at Trade Statistics Division with telephone number: 376-19-75, Economic Sector Statistics Service.

 

 

 

FOR THE NATIONAL STATISTICIAN:

 

(Sgd.)  JOSIE B. PEREZ
(Deputy National Statistician, CTCO)
Officer-in-Charge
 
 

 

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