Merchandise Export Performance : June 2002

Reference Number: 


Release Date: 

Monday, August 5, 2002



Registered earnings for June 2002 increased by 12.3 percent to $2.894 billion from $2.578 billion during the same month a year ago.

Receipts from merchandise exports for January to June 2002 went up by 4.3 percent to $16.668 billion from $15.988 billion during the same period in 2001.


Receipts from Electronic Components, accounting for 55.2 percent of the aggregate export revenue for the month, went up by 16.4 percent to $1.597 billion from $1.372 billion last year.

Articles of Apparel and Clothing Accessories remained as the country�s second top earner with a combined share of 7.5 percent and an aggregate receipt of $215.93 million or 3.7 percent higher than $208.14 million a year earlier.

Metal Components ranked third with a total revenue of $37.07 million reflecting a 23.5 percent increase from $30.02 million last year.

Other Products Manufactured from Materials Imported on Consignments Basis ranked fourth with sales amounting to $35.85 million or a year-on-year increase of 12.4 percent from $31.89 million.

Revenue from Ignition Wiring Set and Other Wiring Sets Used in Vehicles, Aircrafts and Ships rose by 16.7 percent to $35.55 million from $30.46 million during the same month of 2001.

Rounding up the list of the top exports for the month of June 2002 were: Woodcrafts and Furniture, $33.07 million; Bananas (Fresh), $30.67 million; Coconut Oil, $30.38 million; Petroleum Products, $17.47 million; and Tuna, $15.89 million.

Aggregate receipts for the top ten exports amounted to $2.049 billion, or 70.8 percent of the total exports.

Fig. 1. Philippine Top Exports in June: 2001 & 2002
( F.O.B. Value in Million US Dollar )


Accounting for 89.8 percent of the total receipts, exports of Manufactured Goods increased by 13.2 percent as sales reached $2.598 billion, from $2.295 billion during the same period a year earlier.

Income from Agro-Based Products reached $131.69 million or 4.6 percent of the total export revenue. Compared to last year, aggregate revenue for this commodity group rose by 8.5 percent from $121.38 million.

Special Transactions increased by 6.7 percent to $104.59 million from $98.07 million, while receipt from exports of Mineral Products decreased by 11.9 percent to $39.70 million from $45.05 million.

Petroleum Products contributed $17.47 million, while Forest Products posted $2.78 million dollars.

Fig. 2. Philippine Exports by Commodity Group in June: 2001 & 2002
( F.O.B. Value in Million US Dollar )


Accounting for 25.9 percent of the country's aggregate receipts for the month, exports to the United States valued at $749.12 million, decreased by 2.5 percent from last year's reported figure of $768.23 million.

Japan followed with a 15.4 percent share. Valued at $446.14 million, exports to Japan went up by 3.4 percent from $431.41 million.

Netherlands accounted for 10.2 percent of the total receipts, at $295.29 million reflecting a 42.5 percent increase from $207.19 million a year earlier.

Singapore emerged as the fourth biggest market for the month as shipments of local goods amounted to $195.11 million or 6.7 percent of the total. Compared to the same month last year figure, receipts went up by 7.9 percent from $180.89 million. Other top markets for June 2002 were: Taiwan, $183.04 million; Hongkong, $163.96 million; Malaysia, $143.38 million; Germany, $117.12 million;, Republic of Korea, $98.62 million; and People's Republic of China, $91.07 million.

Total export receipts from RP's top ten markets amounted to $2.483 billion or 85.8 percent of the total.

Fig. 3. Philippine Top Exports by Country in June, 2002
( F.O.B. Value in Million US Dollar )

Source: National Statistics Office
              Manila, Philippines