Merchandise Export Performance : July 2000

Reference Number: 

2000-062

Release Date: 

Friday, September 1, 2000

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

 

EXPORT REVENUES POST 11.7 PERCENT GROWTH

Total receipts from merchandise exports for the period January to July 2000 grew by 11.7 percent to $20.833 billion from $18.654 billion last year.

For the month of July, value of exports amounted to $3.216 billion, which increased by 12.8 percent from $2.851 billion a year earlier.

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

ELECTRONICS COMPONENTS ACCOUNT FOR 57.9 PERCENT

Electronics Components, accounting for 57.9 percent of the aggregate receipt, led the top earners for July 2000. Valued at $1.863 billion, sales of this commodity group represent a 5.8 percent increase over $1.761 billion in July 1999.

Articles of Apparel and Clothing Accessories, with an 8.6 percent share, followed with $277.42 million worth of exports or 23.7 percent higher than the year-ago figure placed at $224.32 million.

Sales of Coconut Oil, the third biggest earner for the month $57.44 million, grew by 130.0 percent from $24.98 million a year ago.

Income from Ignition Wiring Sets and Other Wiring Sets Used in Vehicles amounted to $54.00 million which increased by 28.8 percent from $41.93 million last year.

Earnings from Woodcrafts and Furniture of $46.89 million increased by 34.9 percent from its year-ago value of $34.76 million.

Revenues from Petroleum Products rose by 255.8 percent to $38.67 million from $10.87 million in 1999.

Completing the list of the top ten exports for July 2000 were Other Products Manufactured from Materials Imported on Consignment Basis, $31.65 million; Metal Components, $24.62 million; Bananas (Fresh), $21.87 million; and, Christmas Decor, $17.30 million.

Combined revenue from the top ten exports for the month amounted to $2.433 billion, or 75.6 percent of the total.

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

REVENUES FROM MANUFACTURED GOODS UP BY 11.9 PERCENT

Posting an 11.9 percent upswing in receipts and accounting for 90.6 percent of aggregate earnings, Manufactured Goods netted $ 2.914 billion, up from $ 2.604 billion a year earlier.

Agro-Based Products and Other Agro-Based Products ranked second among major export groups and accounted for 4.7 percent of the total for July. Sales rose by 26.0 percent to $150.22 million from $119.23 million last year.

Exports of Mineral Products amounted to $37.01 million while Petroleum Products earned $38.67 million.

Special Transactions amounting to $74.23 million grew by 6.7 percent from $69.60 million.

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

US CORNERS 31.9 PERCENT OF JULY EXPORT REVENUE

Exports to the United States grew by 3.5 percent to $1.027 billion from $992.90 million a year earlier and accounted for 31.9 percent of the total receipts.

Japan was at second with a 13.8 percent share. Sales to Japan rose by 15.9 percent to $442.15 million from $381.64 million last year.

Taiwan, which ranked third, reported purchases valued at $295.06 million or 9.2 percent of the total. Sales to Taiwan climbed by 66.1 percent from $177.62 million last year.

Other major markets for July 2000 were Singapore, $271.97 million; Netherlands, $219.47 million; Hongkong, $160.75 million; United Kingdom of Great Britain, $118.24 million; Germany, $112.44 million; Malaysia, $110.90 million; and Thailand, $ 94.53 million.

Total earnings from the top ten markets amounted to $2.853 billion or 88.7 percent of the total.

Fig. 4. Philippine Top Exports by Country in July : 2000
(F.O.B. Value in Million US Dollar)

Source: National Statistics Office
              Manila, Philippines

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