Merchandise Export Performance : January 2000

Reference Number: 

2000-015

Release Date: 

Thursday, March 2, 2000

SUMMARY REPORT OF THE MERCHANDISE EXPORT PERFORMANCE FOR JANUARY 2000

 

MERCHANDISE EXPORTS INCREASE 4.8 PERCENT

Aggregate receipts from merchandise exports for January 2000 grew by 4.8 percent to $2.705 billion from $2.581 billion a year ago.

 

ELECTRONICS AND COMPONENTS DROP 7.9 PERCENT

Receipts from Electronics and Components, accounting for 50.4 percent of the aggregate January 2000 exports, decreased by 7.9 percent to $1.365 billion from $1.482 billion a year earlier.

Input/Output/Peripheral Units was second with a combined share of 10.1 percent and receipts of $272.30 million which was 45.3 percent higher than $187.44 million last year.

The third top earner consisted of Articles of Apparel and Clothing Accessories valued at $180.12 million, which increased by 12.6 percent from $159.99 million in 1999.

Woodcraft and Furniture ranked fourth with sales amounting to $44.68 million and increasing by 34.0 percent from $33.35 million.

Revenues from Ignition Wiring Set and Other Wiring Sets Used in Vehicles, Aircraft and Ships grew by 19.6 percent to $40.28 million from $33.68 million in 1999.

Exports of Metal Components went up by 44.7 percent to $34.84 million from $24.08 million a year ago.

Rounding up the list of the top exports for the month of January 2000 were Petroleum Products, $29.92 million; Gold, $27.74 million; Coconut Oil, $27.26 million; and Other Products Manufactured from Materials Imported on Consignment Basis, $23.18 million.

Aggregate receipts for the top ten exports amounted to $2.045 billion, or 75.6 percent of the total.

 

MERCHANDISE EXPORTS INCREASE 4.8 PERCENT

Aggregate receipts from merchandise exports for January 2000 grew by 4.8 percent to $2.705 billion from $2.581 billion a year ago.

ELECTRONICS AND COMPONENTS DROP 7.9 PERCENT

Receipts from Electronics and Components, accounting for 50.4 percent of the aggregate January 2000 exports, decreased by 7.9 percent to $1.365 billion from $1.482 billion a year earlier.

Input/Output/Peripheral Units was second with a combined share of 10.1 percent and receipts of $272.30 million which was 45.3 percent higher than $187.44 million last year.

The third top earner consisted of Articles of Apparel and Clothing Accessories valued at $180.12 million, which increased by 12.6 percent from $159.99 million in 1999.

Woodcraft and Furniture ranked fourth with sales amounting to $44.68 million and increasing by 34.0 percent from $33.35 million.

Revenues from Ignition Wiring Set and Other Wiring Sets Used in Vehicles, Aircraft and Ships grew by 19.6 percent to $40.28 million from $33.68 million in 1999.

Exports of Metal Components went up by 44.7 percent to $34.84 million from $24.08 million a year ago.

Rounding up the list of the top exports for the month of January 2000 were Petroleum Products, $29.92 million; Gold, $27.74 million; Coconut Oil, $27.26 million; and Other Products Manufactured from Materials Imported on Consignment Basis, $23.18 million.

Aggregate receipts for the top ten exports amounted to $2.045 billion, or 75.6 percent of the total.

Fig. 1. Philippine Top Exports in January : 1999 & 2000
( F.O.B. Value in Million US Dollar )

MANUFACTURED GOODS POST 4.3 PERCENT INCREASE

Accounting for 90.4 percent of the total receipt, exports of Manufactured Goods posted a 4.3 percent increase to $2.446 billion from $2.345 billion a year earlier.

Income from Agro-Based and Other Agro-Based Products combined for $112.45 million or 4.2 percent of the total. Compared to last year, aggregate revenues for these commodity groups grew by 17.0 percent from $96.12 million.

Fig. 2. Philippine Exports by Commodity Group in January : 1999 & 2000
( F.O.B. Value in Million US Dollar )

EXPORTS TO US ACCOUNT FOR 29.6 PERCENT

Accounting for 29.6 percent of aggregate receipts for January 2000, the value of exports to the United States reached $801.91 million, increasing by 5.7 percent from $758.90 million last year.

Japan followed with a 14.4 percent share. Valued at $388.26 million, exports to Japan rose by 6.1 percent from $365.84 million in 1999.

Exports to Singapore, the third biggest market accounting for 8.0 percent of total receipts, registered a 36.0 percent increase in sales amounting to $216.62 million from $159.25 million.

Taiwan was fourth for the month as shipments of local goods amounted to $207.50 million or 7.7 percent of the total. Compared to last year, receipts increased by 9.5 percent from $189.54 million.

Other top markets for the month were Netherlands, $193.66 million; United Kingdom of Great Britain, $143.07 million; Hongkong, $140.74 million; Germany, $122.86 million; Malaysia, $97.47 million; and Republic of Korea, $90.12 million.

Total export receipts from the top ten markets amounted to $2.402 billion or 88.8 percent of the total.

Fig. 3. Philippine Top Exports by Country in January 2000

( F.O.B. Value in Million US Dollar )

 

Source: National Statistics Office
Manila, Philippines

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