Merchandise Export Performance : April 2000

Reference Number: 

2000-040

Release Date: 

Thursday, June 1, 2000

SUMMARY REPORT OF THE MERCHANDISE EXPORT PERFORMANCE FOR APRIL 2000
(Preliminary)

 

EXPORT REVENUES REACH $11.275 BILLION

Total receipts for January to April 2000 grew by 10.6 percent to $11.275 billion from $10.198 billion a year earlier.

For the month of April alone, total receipts increased by 13.7 percent to $2.668 billion from $2.346 billion last year.

ELECTRONICS & COMPONENTS ACCOUNT FOR 47.4 PERCENT

While accounting for 47.4 percent of the aggregate April 2000 revenue, exports of Electronics and Components went down by 4.2 percent to $1.265 billion in April from $1.320 billion last year.

Input/Output/Peripheral Units remained as the second top earner, with an export value of $243.91 million or 74.3 percent higher than $139.93 million a year ago.

The third top earner for the month consisted of Articles of Apparel and Clothing Accessories with sales amounting to $170.32 million in April, which was a 28.0 percent increase from $133.03 million last year.

Woodcrafts and Furniture went up by 35.3 percent to $45.86 million from $33.89 million.

Revenues from Ignition Wiring Set and Other Wiring Sets Used in Vehicles, Aircrafts and Ships grew by 22.0 percent as shipments reached $41.98 million, up from $34.41 million in 1999.

Earnings from Coconut Oil climbed by 147.48 percent to $41.13 million from $16.62 million last year.

Rounding up the list of the top ten exports for April 2000 were Bananas (fresh), $34.55 million; Metal Components, $32.63 million; Other Products Manufactured from Materials Imported on Consignment Basis, $24.58 million; and Cathodes & Sections of Cathodes, of Refined Copper, $18.02 million.

Aggregate payment for the top ten exports for the month amounted to $1.918 billion, or 71.9 percent of the total.

MANUFACTURED GOODS GROW BY 10.7 PERCENT

Revenues from exports of Manufactured Goods posted a 10.7 percent increase as sales reached $2.328 billion, up from $2.103 billion a year earlier. This major export group accounted for 87.3 percent of the total receipt.

Income from Agro-Based and Other Agro-Based Products combined for $171.76 million or 6.4 percent of the total. Compared to last year, aggregate revenue for these commodity groups grew by 38.9 percent from $123.67 million on robust exports of coconut oil and fresh bananas.

Exports of Mineral Products amounted to $48.33 million while Petroleum Products earned $16.68 million.

Special Transactions amounting to $100.46 million grew by 53.2 percent from $65.59 million while re-exports went up by 7.6 percent to $74.02 million from $68.77 million.

EXPORTS TO US ACCOUNT FOR 28.7 PERCENT

Accounting for 28.7 percent of the aggregate receipt for the month, exports to the United States valued at $766.74 million inched up by 5.7 percent from $725.54 million a year ago.

Japan followed with a 16.5 percent share. Valued at $439.09 million, exports to Japan increased by 34.1 percent from $327.53 million last year.

Exports to Netherlands amounting to $217.22 million accounted for 8.1 percent of total exports.

Singapore, the fourth biggest market for the month, posted an export value of $198.56 million or 7.4 percent of the total. Compared to last year, receipts increased by 4.9 percent from $189.37 million.

Other top markets for the month were Taiwan, $193.44 million; Hongkong, $148.91 million; Malaysia, $105.15 million; United Kingdom of Great Britain, $101.31 million; Germany, $97.75 million; and Republic of Korea, $82.68 million.

Export receipts from the top ten markets amounted to $2.351 billion or 88.1 percent of the total.

Source: National Statistics Office
              Manila, Philippines

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