Merchandise Export Performance : August 2000

Reference Number: 

2000-069

Release Date: 

Tuesday, October 3, 2000

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

 

JANUARY-AUGUST EXPORTS REACH $24.365 BILLION

Total receipts from merchandise export from January to August 2000 grew by 11.4 percent to $24.365 billion from $21.865 billion recorded during the same period last year.

For the month of August, receipts rose to 9.9 percent to $3.529 billion compared to $3.212 billion a year ago.

Fig. 1. Philippine Export by Month: 2000
( F.O.B. Value in Million US Dollar )

ELECTRONICS COMPONENTS UP BY 9.9 PERCENT

Electronics Components, accounting for 62.1 percent of the aggregate receipt, led top earners for August 2000. Value of shipments worth $2.192 billion increased by 9.9 percent from $1.994 billion in 1999.

Articles of Apparel and Clothing Accessories, ranked second with 6.9 percent share and reported sales of $244.86 million which was 2.8 percent lower than $251.82 million. a year-ago.

The third top earner consisted of Ignition Wiring Sets and Other Wiring Sets Used in Vehicles. Sales went up by 3.3 percent to $53.04 million from $51.37 million last year.

Earnings from Woodcraft and Furniture worth $50.43 million, went up by 8.3 percent from $46.55 million a year-ago.

Coconut Oil, the fifth biggest earner, turned in sales amounting to $50.40 million, which was an increase of 110.51 percent over $23.94 million in 1999.

Revenue from Petroleum Products rose by 71.9 percent to $39.73 million from $23.11 million in 1999.

Completing the list of the top exports for August 2000 were Other Products Manufactured from Materials Imported on Consignment basis, $32.56 million; Metal Components, $24.22 million; Bananas (Fresh), $22.8 million; and, Christmas Decor, $16.59 million.

Combined revenues from the top ten exports for August amounted to $2.727 billion, or 77.3 percent of the total.

Fig. 2. Philippine Top Exports in August: 1999 & 2000
( F.O.B. Value in Million US Dollar )

REVENUES FROM MANUFACTURED GOODS UP BY 9.5 PERCENT

Manufactured Goods comprised 90.9 percent of total exports. Receipts reached $3.209 billion, up by 9.5 percent from $2.929 billion a year earlier.

Combined sales from Agro-Based Products and Other Agro-Based Products ranked second and grossed $145.98 million. Compared to last year, aggregate revenue grew by 33.4 percent from $109.44 million.

Mineral Products exports went down by 9.1 percent to $47.15 million while Petroleum Products rose by 72.1 percent to $39.78 million.

Special Transactions amounting to $80.43 million fell by 14.3 percent from $93.83 million last year.

Fig. 3. Philippine Exports by Commodity Group in August : 1999 & 2000
( F.O.B. Value in Thousand US Dollar )

US CORNERS 30.2 PERCENT OF AUGUST EXPORT REVENUE

Accounting for 30.2 percent of the total exports, purchases from United States worth $1.065 billion grew by 9.3 percent from $974.15 million a year earlier.

Japan remained at second with a 13.0 percent share. Sales to Japan rose by 18.5 percent to $459.90 million from $388.20 million a year ago.

Taiwan, bought goods valued at $298.42 million or 8.4 percent of the total exports. Compared to last year, sales fell by 3.2 percent from $308.25 million.

Other major markets for August 2000 were Singapore, $298.05 million; Netherlands, $294.02 million; Hongkong, $198.31 million; Malaysia, $143.26 million, United Kingdom of Great Britain, $130.43 million; Republic of Korea, $119.96 million; and Germany, $109.67 million.

Total earnings from the top ten markets amounted to $3.117 billion or 88.3 percent of the total.

Fig. 4. Philippine Top Exports by Country in August : 2000

Source: National Statistics Office
              Manila, Philippines

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