Merchandise Export Performance : June 2000

Reference Number: 

2000-056

Release Date: 

Tuesday, August 1, 2000

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

 

JANUARY-JUNE EXPORTS GROW 11.5 PERCENT

Total receipts for the first semester of the year posted an 11.5 percent increase to $17.616 billion from $15.802 billion in 1999.

For the month of June, total receipts sparked by electronics and components rose by 19.4 percent to $3.410 billion from $2.857 billion last year. This is the highest growth so far in 2000 and since October 1999.

ELECTRONICS AND COMPONENTS 2/3 OF TOTAL

Electronics and Components remained as the top earner with a substantial 65.3 percent share of the aggregate June 2000 exports. Value of shipments amounted to $2.228 billion, up by 25.3 percent from $1.779 billion in 1999.

Ranked second with a 6.7 percent share, exports of Articles of Apparel and Clothing Accessories reached $227.45 million, which moved up by 6.9 percent over $212.8 million a year ago.

Coconut Oil was the third top earner for the month with sales amounting to $47.93 million. This was a 227.7 percent increase from $14.63 million last year.

Revenues from Woodcrafts and Furniture went up by 19.6 percent as value of shipments reached $46.05 million from $38.49 million in 1999.

Sales of Ignition Wiring Set and Other Wiring Sets Used in Vehicles, Aircrafts and Ships went up by 3.8 percent to $40.54 million from $39.06 million last year.

Earnings from Other Products Manufactured from Materials Imported on Consignment Basis climbed by 3.6 percent to $25.71 million from $24.82 million last year.

Rounding up the list of the top exports for June 2000 were Petroleum Products, $24.42 million; Bananas (fresh), $24.03 million; Metal Components, $20.28 million; and Cathodes & Sections of Cathodes, Of Refined Copper, $15.67 million.

Aggregate payment for the top ten exports for June amounted to $2.701 billion, or 79.2 percent of the total.

MANUFACTURED EXPORTS UP BY 18.9 PERCENT

Manufactured Goods posted an 18.9 percent increase as sales reached $3.120 billion, up from $2.624 billion in 1999. This major export group accounted for 91.5 percent of total receipts.

Income from Agro-Based and Other Agro-Based Products combined for $138.73 million which was 4.1 percent of the total. Compared to last year, aggregate revenue for these commodity groups grew by 26.0 percent from $110.09 million.

Exports of Mineral Products increased by 16.6 percent to $54.65 million while Petroleum Products rose by 129.8 percent to $24.42 million.

Special Transactions amounting to $61.79 million fell by 5.0 percent from $65.05 million last year.

EXPORTS TO US ACCOUNT FOR 28.3 PERCENT

Accounting for 28.3 percent of the aggregate receipt for June 2000, exports to the United States valued at $963.55 million rose by 3.1 percent from $934.56 million a year earlier.

Japan followed with a 12.7 percent share. Valued at $434.54 million, exports to Japan increased by 13.0 percent from $384.44 million in 1999.

Exports to Netherlands amounting to $291.95 million accounted for 8.6 percent of the total.

Singapore, the fourth biggest market, posted an export value of $290.37 million which was 8.5 percent of the total. Receipts increased by 25.7 percent from $231.04 million last year.

Other top markets for the month were Taiwan, $276.48 million; Hongkong, $184.66 million; Malaysia, $168.44 million; United Kingdom of Great Britain, $135.00 million; Republic of Korea, $120.89 million; and Germany, $106.70 million.

Export receipts from the top ten markets amounted to $2.973 billion or 87.2 percent of the total.

Source: National Statistics Office
              Manila, Philippines

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