MERCHANDISE EXPORTS PERFORMANCE
APRIL 2016
(Preliminary)
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April
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2016 p |
2015 r |
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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) |
4,254.22 -4.1
2,257.59 1.9 |
4,434.03 -2.8
2,216.48 17.8 |
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Top 10 Philippine Exports to All Countries: April 2016 p
(Year-on-Year Growth in Percent)
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Gainers |
Losers |
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Miscellaneous Manufactured Articles, n.e.s.
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50.2 |
Articles of Apparel and Clothing Accessories
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-39.1 |
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Woodcrafts and Furniture
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21.9 |
Chemicals
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-9.0 |
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Electronic Equipment and Parts
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19.4 |
Machinery and Transport Equipment
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-0.9 |
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Other Manufactures
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12.5 |
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Metal Components
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10.3 |
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Ignition Wiring Set and Other Wiring Sets Used in Vehicles, Aircrafts and Ships
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4.4 |
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Electronic Products
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1.9 |
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EXPORTED GOODS DECREASE BY 4.1 PERCENT IN APRIL 2016
The Philippines’ export sales amounted to $4.254 billion in April 2016, a 4.1 percent decrease from $4.434 billion recorded value in April 2015. The decrease was attributed to three major commodities out of the top ten export commodities for the month. These include articles of apparel and clothing accessories (-39.1%), chemicals (-9.0%), and machinery and transport equipment (-0.9%) (Table 1).
Furthermore, total merchandise exports for the period January to April 2016 registered a 7.3 percent decrease from $18.738 billion in 2015 to $17.363 billion in the same period of 2016 (Table 1a).
EXPORTS OF ELECTRONIC PRODUCTS INCREASE BY 1.9 PERCENT
Electronic Products remained as the country’s top export with total receipts of $2.258 billion, accounting for 53.1 percent of the total exports revenue in April 2016. It increased by a mere 1.9 percent from $2.216 billion registered in April 2015. Components/Devices (Semiconductors), with the biggest share of 38.2 percent among electronic products, however, decreased by 2.6 percent from $1.667 billion in April 2015 to $1.625 billion in April 2016.
Other Manufactures ranked second at $309.02 million or 7.3 percent share to the total export receipts. It recorded an increase of 12.5 percent from April 2015 value of $274.63 million.
Woodcrafts and Furniture ranked third, with a contribution of 6.0 percent share to the total export receipts, recording sales of $257.13 million in April 2016. It registered a 21.9 percent increase from the previous year level of $210.85 million.
Machinery and Transport Equipment was the fourth top export earner in April 2016 with export revenue of $232.55 million. However, export sales for this commodity group went down by 0.9 percent from $234.60 million in April 2015.
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 $155.18 million or 3.6 percent share to total exports. It went up by 4.4 percent from $148.70 million in same period of 2015.
Rounding up the list of the top ten exports with corresponding export sales for the month of April 2016 were:
- Chemicals with $138.22 million, decelerated by 9.0 percent;
- Articles of Apparel and Clothing Accessories with $95.06 million, decreased by 39.1 percent;
- Metal Components with $88.52 million, grew by 10.3 percent;
- Miscellaneous Manufactured Articles, n.e.s with $78.16 million, rose by 50.2 percent;
- Electronic Equipment and Parts with $72.35 million, went up by 19.4 percent.
Total receipts from the top ten exports increased by 2.7 percent in 2016 and reached $3.684 billion, or 86.6 percent of the total exports.
EXPORTS OF MANUFACTURED GOODS INCREASE BY 2.1 PERCENT
Outward shipments of Manufactured Goods were valued at $3.869 billion, accounting for 90.9 percent of the total export receipts in April 2016. It increased by 2.1 percent from $3.788 billion recorded in April 2015 (Table 2).
Exports from Total Agro-Based Products, with a 6.0 percent share to total exports in April 2016, amounted to $256.57 million. It dropped by 11.1 percent from $288.60 million in April 2015.
Merchandise exports from Special Transactions, which shared 2.1 percent of the total exports revenue, moved up by 4.1 percent from $86.78 million in April 2015 to $90.37 million in April 2016.
Mineral Products with a 0.9 percent share to total exports, decreased by 85.5 percent from $260.26 million in April 2015 to $37.75 million in April 2016.
Petroleum Products, with less than 0.1 percent share, declined by 85.4 percent from $2.70 million in April 2015 to $395 thousands in the same month in 2016.
Moreover, sales from Forest Products, accounting for less than 0.1 percent share of the total exports, decreased by 99.2 percent from $7.75 million in April 2015 to $65 thousands in same period of 2016.
JAPAN ACCOUNTS FOR 20.0 PERCENT OF THE TOTAL EXPORTS IN APRIL 2016
Total export receipts from the country’s top ten market destinations for the month of April 2016 was valued at $3.574 billion, accounting for 84.0 percent share of the total export receipts (Table 3). See Figure 4.
Japan including Okinawa remained as the country’s top export destination with revenue amounting to $850.72 million, comprising 20.0 percent share to total exports for April 2016. It increased by 3.2 percent from $824.26 billion recorded in the same month a year ago.
United States of America (USA) including Alaska and Hawaii ranked second, accounting 16.6 percent of total exports, with receipts valued at $704.64 million in April 2016. It recorded a decrease of 0.8 percent from $710.44 million in same month last year.
Hong Kong ranked third with $472.01 million or 11.1 percent share of the total exports. It fell by 0.4 percent from $474.04 million recorded in the same month last year.
People’s Republic of China with 9.8 percent share to total exports, ranked fourth with shipments valued at $416.08 million. It went down by 15.1 percent from $490.05 million in same month a year ago.
Singapore placed fifth, representing an 8.2 percent share to total exports, with export earnings worth $349.47 million. It went up by 27.3 percent from $274.58 million posted in April 2015.
Other top ten market destinations for April 2016 were: Germany, $189.61 million; Thailand, $158.06 million; Republic of Korea, $146.72 million; Netherlands, $146.20 million; and Taiwan, $140.43 million.
Exports to Other Countries which was valued at $680.28 million accounted for 16.0 percent from the total exports for the month of April 2016. Among the Other Countries, Malaysia recorded the highest at $105.34 million or 2.5 percent of the total exports.
ABOUT 48 PERCENT OF EXPORTS ARE FOR COUNTRIES IN EAST ASIA
Majority of the country’s merchandise exports in April 2016 went to countries in East Asia, accounting for 47.7 percent share to total exports valued at $2.031 billion. It decreased by 7.6 percent from $2.199 billion of April 2015.
Commodities exported to ASEAN member countries comprised 16.9 percent of the total exports in April 2016 and was valued at $719.28 million. This registered an increase of 16.7 percent from $616.13 million posted in same month a year ago.
Exports to European Union member countries, with 12.6 percent share to total merchandise exports amounted to $535.22 million. It recorded a 3.1 percent growth from $519.13 million recorded in April 2015 (Table 3a).
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 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. 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).
