EXPORT RECEIPTS UP BY 24.7 PERCENT IN NOVEMBER

Earnings from the exports of goods for November amounted to $2.306 billion, up by 24.7 percent from $1.850 billion last year and dropped by 0.9 percent from the October 1997 value of $2.326 billion.

Cumulative receipts for the first eleven months of 1997 reached $22.995 billion increasing by 23.2 percent from $18.659 billion in 1996.

ELECTRONICS AND COMPONENTS POSTS 34.0 PERCENT

End-November figures showed a 34.0 percent year-on-year increase in receipts for Electronics and Components which registered $1.059 billion, although this was a 2.4 percent decrease from the $1.085 billion last month. Its share to aggregate export value was 45.9 percent.

Articles of Apparel and Clothing Accessories which accounted for 8.4 percent of the export revenue for November posted a 3.4 percent growth to $194.02 million from $187.62 million a year ago. A 15.9 percent increase from the end-October value of $167.43 million was also recorded.

Exports of Input/Output/Peripheral Units amounted to $158.93 million, up by 102.9 percent over the $78.33 million in 1996. Accounting for 6.9 percent of the total export value for November, this product group remained as the third top earner in November.

Coconut Oil was ranked fourth biggest export product with receipts amounting to $64.93 million, up by 42.2 percent from $45.67 million last year. Month-on-month growth was 11.1 percent from $58.42 million.

Ignition Wiring Set and Other Wiring Sets Used in Vehicles, Aircrafts and Ships recorded an aggregate earnings of $45.44 million, or 10.2 percent lower than $50.59 million last year.

Other top exports for November 1997 were: Woodcraft and Furniture, $42.21 million; Other Products Manufactured from Materials Imported on Consignment Basis, $31.53 million; Petroleum Products, $27.35 million; Metal Components, $24.95 million; and Gold, $21.23 million.

The top ten exports combined for $1,669.1 million or 72.4 percent of the total.

EXPORTS OF MANUFACTURED GOODS GROW BY 26.03 PERCENT

Value of manufactured goods which accounted for 86.8 percent of the total went up by 26.03 percent to $2,001.61 million from $1,588.27 million in 1996.

Combined dollar receipts from agro-based products and other agro-based products rose by 4.4 percent to $ 173.04 million from $165.73 million in 1996.

Other major export commodity groups were: Special Transactions, $41.39 million; Mineral Products, $58.20 million; Petroleum Products, $27.35 million; and Forest Products, $4.45 million.

EXPORTS TO US POST 32.4 PERCENT GROWTH

The United States remained as the top market with receipts posting a 32.4 percent growth to $789.65 million from $596.16 million last year. A 34.2 percent share to the total export value was also registered for November 1997.

Japan in second covered 16.1 percent of total exports with purchases amounting to $371.16 million. This was a 2.1 percent gain over $363.68 million last year.

Other top export markets were: Netherlands, $165.85 million; Singapore, $152.38 million; Taiwan, $110.02 million; United Kingdom of Great Britain, $107.46 million; Hongkong, $106.47 million; Germany, $104.18; Malaysia, $81.39; and Thailand, $51.27 million.

Aggregate income from the top ten markets amounted to $2,039.83 million, or 88.4 percent of total merchandise exports for November 1997.