Merchandise Export Performance : May 2000

Reference Number: 

2000-051

Release Date: 

Tuesday, July 4, 2000

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

 

EXPORT REVENUE POSTS 9.7 PERCENT GROWTH

Valued at $14.206 billion, total receipts for the first five months of the year posted a 9.7 percent increase from $12.945 billion in 1999.

For May, total receipts grew by 6.7 percent to $2.931 billion from $2.747 billion during the same month last year.

ELECTRONICS AND COMPONENTS ACCOUNT FOR 48.3 PERCENT

Despite a 6.6 percent decline in revenues, Electronics and Components remained as the top earner for the month with a 48.3 percent share. Value of shipments amounted to $1.417 billion or $100 million short of $1.517 billion in 1999.

Ranked second and with a 9.7 percent share, Input/Output/Peripheral Units reported an aggregate value of $283.93 million, a 72.1 percent increase over $164.94 million a year ago.

Third top earner for the month consisted of Articles of Apparel and Clothing Accessories with sales amounting to $199.92 million, or a 4.4 percent drop from $209.07 million last year.

Revenues from Ignition Wiring Set and Other Wiring Sets Used in Vehicles, Aircrafts and Ships improved by 6.5 percent as value of shipments reached $44.51 million up from $41.79 million during the same month of 1999.

Sales of Woodcrafts and Furniture went up by 16.5 percent to $42.16 million from $36.18 million.

Earnings from Metal Components climbed 20.1 percent to $35.93 million from $29.91 million last year.

Rounding-up the list of the top exports for May 2000 were: Petroleum Products, $33.21 million; Bananas (fresh), $32.66 million; Other Products Manufactured from Materials Imported on Consignment Basis, $32.43 million; and Coconut Oil $31.45 million.

Aggregate payment for the top ten exports for the month amounted to $2.153 billion, or 73.5 percent of the total.

REVENUES FROM MANUFACTURED GOODS UP BY 5.1 PERCENT

Manufactured Goods posted a 5.1 percent increase as sales reached $2.615 billion, up from $2.488 billion a year earlier. This major export group accounted for 89.2 percent of the total receipts.

Income from Agro-Based and Other Agro-Based Products combined for $136.28 million which was a 4.6 percent of the total. Compared to last year, aggregate revenue for these commodity groups grew by 6.5 percent from $127.95 million.

Exports of Mineral Products amounted to $64.45 million while Petroleum Products earned $33.21 million.

Special Transactions amounting to $81.16 million grew by 6.1 percent from $76.52 million while re-exports fell by 4.1 percent to $78.76 million from $82.13 million.

EXPORTS TO US ACCOUNT FOR 28.2 PERCENT

Accounting for 28.2 percent of the aggregate receipts for the month, value of exports to the United States placed at $826.64 million, declined by 8.3 percent from $901.06 million a year earlier.

Japan followed with a 13.9 percent share. Valued at $408.01 million, exports to Japan increased by 9.8 percent from $371.47 million in 1999.

Exports to Taiwan amounting to $228.77 million, accounted for 7.8 percent of the total export.

Netherlands, the fourth biggest market for the month posted an export value of $218.35 million which was 7.4 percent of the total. Compared to the same month of last year, receipts dropped by 2.1 percent from $223.11 million.

Other top markets for the month were: Singapore, $212.32 million; Hongkong, $147.25 million; Malaysia, $123.24 million; United Kingdom of Great Britain, $122.01 million Germany, $113.28 million; and Korea, Republic of, $88.43 million.

Export receipts from the top ten markets amounted to $2.488 billion or 84.9 percent of the total.

Source: National Statistics Office
             Manila, Philippines

Attachment: 

Tags: