Merchandise Export Performance : September 2016

Reference Number: 

2016-158

Release Date: 

Thursday, November 10, 2016

MERCHANDISE EXPORTS PERFORMANCE

 

SEPTEMBER 2016

(Preliminary)

 

 

September

 

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)

 

 

5,210.68

5.1

 

2,669.70

3.6

 

 

4,959.51

-15.2

 

2,575.88

5.4

 

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

Gainers

Losers

Other Mineral Products
97.5
Woodcrafts and Furniture
-7.1
Electronic Equipment and Parts
66.3
Machinery and Transport Equipment
-3.0
Metal Components
18.2
 
 
Chemicals
10.8
 
 
Articles of Apparel and Clothing Accesories
8.3
 
 
Ignition Wiring Set and Other Wiring Sets Used in Vehicles, Aircrafts and Ships
5.1
 
 
Electronic Products
3.6
 
 
Other Manufactures
3.2    
                       p-preliminary, r-revised
 
 

EXPORTED GOODS INCREASE BY 5.1 PERCENT IN SEPTEMBER 2016

The Philippines’ export sales amounted to $5.211 billion in September 2016, a 5.1 percent increase from $4.960 billion recorded value in September 2015.  The increase was attributed to eight major commodities out of the top ten export commodities for the month.  These include other mineral products (97.5%); electronic equipment and parts (66.3%); metal components (18.2%); chemicals (10.8%); articles of apparel and clothing accessories (8.3%); ignition wiring set and other wiring sets used in vehicles, aircrafts and ships (5.1%); electronic products (3.6%) and other manufactures (3.2%) (Table 1).

Furthermore, total merchandise exports for the period January to September 2016 registered  a  6.2  percent decrease  to  $41.691  billion  in  2016 from $44.460 billion in the same period of 2015 (Table 2).

 

EXPORTS OF ELECTRONIC PRODUCTS WENT UP BY 3.6 PERCENT

Electronic Products remained as the country’s top export with total receipts of $2.670 billion, accounting for 51.2 percent of the total exports revenue in September 2016. It went up by 3.6 percent from $2.576 billion registered in September 2015.  Components/Devices     (Semiconductors), having the biggest share of 37.3 percent among electronic products, increased by 2.7 percent to $1.945 billion in September 2016 from $1.893 billion in September 2015.

Machinery and Transport Equipment ranked second at $395.34 million or 7.6 percent share to the total export receipts. It recorded a decrease of 3.0 percent from September 2015 value of $407.38 million.

Other Manufactures was the third top export earner in September 2016   with   export   revenue   of $312.26 million.  Export sales for this commodity group grew by 3.2 percent from $302.63 million in September 2015.

Woodcrafts and Furniture ranked fourth, with a contribution of 5.4 percent share to the total export receipts, recording sales of $278.85 million in September 2016.  It   registered a 7.1 percent decrease from the previous year level of $300.06 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 $185.97 million or 3.6 percent share to total exports. It went up by 5.1 percent from $176.95 million in same period of 2015.

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

  • Other Mineral Products with $144.60 million, grew by 97.5 percent, registering the highest growth among the top ten exports;
  • Metal Components with $108.26 million, increased   by   18.2 percent;
  • Chemicals    with    $101.33 million grew by 10.8 percent;
  • Articles of Apparel and Clothing Accessories with $96.34 million, accelerated by 8.3 percent; and 
  • Electronic Equipment and Parts with $96.03 million, recorded an upward growth of 66.3 percent.

Total receipts from the top ten exports increased by 5.3 percent in 2016 and reached $4.389 billion or 84.2 percent of the total exports.

EXPORTS OF MANUFACTURED GOODS INCREASE BY 4.8 PERCENT

Outward shipments of Manufactured Goods were valued at $4.519 billion, accounting for 86.7 percent of the total export receipts in September 2016.  It recorded an increase of 4.8 percent from $4.314 billion recorded in September 2015 (Table 3).

Exports from Total Agro-Based Products, with a 6.9 percent share to total exports in September 2016, amounted to $357.84 million.   It   went up by 24.0 percent from $288.52 million in September 2015.

Merchandise exports from Mineral Products, which shared 4.4 percent of   the   total exports revenue, increased by 4.7 percent from $218.32 million in September 2015 to $228.59 million in September 2016.

Special Transactions with a 1.5 percent share to total exports, decreased by 35.0 percent from $122.14 million in September 2015 to $79.44 million in September 2016.

Petroleum Products, with 0.5 percent share, increased by 71.7 percent to $23.50 million in September 2016 from $13.69 million during the same month in 2015.

Moreover, sales from Forest Products, accounting for less than 0.1 percent share of the total    exports,    decreased   by   34.5 percent from $3.10 million in September 2015 to $2.03 million in same period of 2016.

JAPAN ACCOUNTS FOR 21.5 PERCENT OF THE TOTAL EXPORTS IN SEPTEMBER 2016

Total export receipts from the country’s top ten market destinations for the month of September 2016 was valued at $4.326 billion, accounting for 83.0 percent share of the total export receipts (Table 5).

Japan including Okinawa remained as the country’s top export destination with revenue amounting to $1.118 billion, comprising 21.5 percent share to total exports for September 2016.  It increased by 2.9 percent from $1.087 billion recorded in the same month a year ago.

United States of America (USA) including Alaska and Hawaii ranked second, accounting 14.1 percent of total exports, with receipts valued at $737.30 million in September 2016. It recorded an increase of 1.5 percent from $726.68 million in same month last year.

People’s Republic of China ranked third with $633.36 million or 12.2 percent share of the total exports.  It increased by 32.8 percent from $477.04 million recorded in the same month last year.

Hong Kong with 11.3 percent share to total exports, ranked fourth with   shipments   valued   at   $590.94 million.  It dropped by 6.5 percent from $631.97 million in same month a year ago.

Singapore placed fifth, representing a 6.3 percent share to total exports, with export earnings worth $326.66 million.  It grew by 14.1 percent from $286.24 million posted in September 2015.

Other top ten market destinations for September 2016 were: Germany, $221.62 million; Thailand, $205.44 million; Taiwan, $191.91 million;  Republic of Korea, $166.27 million; and Netherlands, $133.81 million.

Exports to Other Countries which was valued at $885.05 million accounted for 17.0 percent of the total exports for the month of September 2016.  Among the Other Countries, Belgium recorded the highest at $107.43 million or 2.1 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 September 2016 went to countries in East Asia,   accounting for 52.1 percent share to total exports valued at $2.715 billion.  It increased by 4.2 percent from $2.606 billion of September 2015. 

Commodities exported to ASEAN member countries comprised 14.4 percent of the total exports in September 2016 and was valued at $748.63 million. This registered a positive growth of 13.1 percent from $661.83 million posted in same month a year ago.

Exports to European Union member countries, with 13.3 percent share to total merchandise exports amounted to $690.62 million.  It recorded a 17.4 percent increment from $588.50 million recorded in September 2015 (Table 6).

 
 
 
 
 
 
 
 

Technical Notes

 

Export trade statistics are compiled by the Philippine Statistics Authority (PSA) from copies of export declarations filed with the Bureau of Customs (BOC) by exporters or their authorized representatives as required by law. PSA collects a copy of the accomplished form Export Declaration (ED – DTI form).  Aside from the hard copy of the ED, the output of the Automated Export Documentation System (AEDS) is being utilized to generate export statistics.  AEDS is a paperless transaction in lieu of the manual filling-up of export documents. The digitized copy of the AEDS is provided by BOC and PEZA to PSA on a monthly basis through email.

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 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.  Processing includes coding, editing, review and validation.  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 most detailed level for statistical purposes.

Data request of international merchandise trade statistics are available at Philippine Statistics Authority, Economic Sector Statistics Service, Trade Statistics Division (Telephone Number: 376-19-75).

 

 

(Sgd.) LISA GRACE S. BERSALES, Ph. D.
National Statistician
 
 
 
 
 
 
 
 
 
 
 
 
 

 

Attachment: 

Tags: