Merchandise Export Performance : April 2002

Reference Number: 


Release Date: 

Tuesday, June 4, 2002



Registered earnings for April 2002 went up by 22.4 percent to $2.749 billion from $2.246 billion during the same month a year ago.

Receipts from merchandise exports for January to April 2002 increased by 0.4 percent to $10.857 billion from $10.810 billion during the same period in 2001.


Receipts from Electronic Components, accounting for 53.4 percent of the aggregate export revenue for the month, increased by 32.9 percent to $1.468 billion from $1.105 billion last year.

Articles of Apparel and Clothing Accessories remained as the country�s second top earner with a combined share of 5.6 percent and an aggregate receipt of $153.62 million or 16.2 percent lower than $183.3 million a year earlier.

Ignition Wiring Set & Other Wiring Sets Used in Vehicles, Aircrafts and Ships, ranked third with a total revenue of $41.56 million reflecting a 4.6 percent decrease from $43.56 million last year.

Woodcrafts and Furniture ranked fourth with sales amounting to $35.86 million or a year-on-year increase of 21.4 percent from $29.53 million.

Revenue from Other Products Manufactured from Materials Imported on Consignments Basis went up by 17.0 percent to $35.46 million from $30.32 million during the same month of 2001.

Rounding-up the list of the top exports for the month of April 2002 were: Metal Components, $32.46 million; Petroleum Products, $30.20 million; Bananas (Fresh), $25.11 million; Coconut Oil, $22.27 million; and Cathodes and Sections of Cathodes, of Refined Copper, $15.88 million.

Aggregate receipt for the top ten exports amounted to $1.861 billion, or 67.7 percent of the total exports.

Fig. 1. Philippine Top Exports in April : 2001 & 2002
( F.O.B. Value in Million US Dollar )


Accounting for 89.0 percent of the total receipts, exports of Manufactured Goods increased by 24.1 percent as sales reached $2.446 billion, from $1.971 billion during the same period last year.

Income from Agro-Based Products, combined for $131.23 million or 4.8 percent of the total export revenue. Compared to last year, aggregate revenue for this commodity group fell by 1.5 percent from $133.24 million.

Special Transactions rose by 19.9 percent to $104.72 million from $87.33 million, while receipt from exports of Mineral Products decreased by 16.0 percent to $34.15 million from $40.63 million.

Petroleum Products contributed $30.20 million, while Forest Products registered $2.35 million dollars.

Fig. 2. Philippine Exports by Commodity Group in April: 2001 & 2002
( F.O.B. Value in Million US Dollar )


Accounting for 25.4 percent of the country's aggregate receipts for the month, exports to the United States valued at $698.48 million, increased by 5.1 percent from last year's reported figure of $664.83 million.

Japan followed with a 15.8 percent share. Valued at $433.14 million, exports to Japan went up by 15.0 percent from $376.59 million.

Taiwan accounted for 7.9 percent of the total receipts, at $216.16 million reflecting a 43.1 percent increase from $151.06 million a year earlier.

Singapore emerged as the fourth biggest market for the month as shipments of local goods amounted to $212.52 million or 7.7 percent of the total. Compared to the same month last year figure, receipts went up by 58.4 percent from $134.16 million. Other top markets for April 2002 were: Netherlands, $199.87 million; Hongkong, $153.64 million; Malaysia, $128.84 million; Germany, $106.0 million;, People's Republic of China, $103.06 million; and Republic of Korea, $93.53 million.

Total export receipts from RP's top ten markets amounted to $2.345 billion or 85.3 percent of the total.

Fig. 3. Philippine Top Exports by Country in April, 2002
( F.O.B. Value in Million US Dollar )

Source: National Statistics Office
              Manila, Philippines