* Including transactions that passed through the Automated Export Documentation System (AEDS). 
p - preliminary 
r - revised

NOVEMBER 2007 MERCHANDISE EXPORTS DECREASE BY 2.0 PERCENT

Export earnings in November 2007 went down by 2.0 percent to $3.951 billion from $4.031 billion in November 2006.  Compared to the previous months level export revenue likewise declined by 15.0 percent from P4.648 billion.

ELECTRONIC PRODUCTS DOWN BY 4.5 PERCENT

Accounting for the largest share of the aggregate export revenue of 61.3 percent in November 2007, Electronic Products posted a decline of 4.5 percent to $2.422 billion from $2.535 billion in November 2006.  The same is true with the previous months level where a 15.7 percent decrease from P2.874 billion was noted.

Despite its continued decline in the aggregate receipt by 20.6 percent to $158.76 million from $200.02 million in November 2006, Articles of Apparel and Clothing Accessories ranked second with a 4.0 percent combined share of the total exports.

Cathodes and Section of Cathodes of Refined Copper ranked third with total revenue of $97.58 million, shrunk by 38.1 percent from $157.63 million in November 2006.

Petroleum Products ranked fourth with export receipts of $89.84 million or a year-on-year growth of 52.4 percent from $58.93 million in November 2006. 

Woodcrafts and Furniture ranked fifth with sales amounting to $87.13 million or a growth of 13.2 percent from $76.98 million in November 2006. 

Rounding up the list of the top ten exports for the month of November 2007 were Ignition Wiring Set and Other Wiring Sets Used in Vehicles, Aircrafts and Ships (consisted only of electrical wiring harness for motor vehicles) with export revenue of $72.83 million or 8.8 percent increase from the same month in 2006; Coconut Oil, $66.72 million or a growth of 36.1 percent;Gold (extracted from copper ores and concentrates), $48.00 million or an increase of 188.1 percent; Other Products Manufactured from Materials Imported on Consignment Basiswith proceeds billed at $46.28 million, down by 39.8 percent; and Metal Components, $41.48million or a decline of 1.2 percent. 

Total receipts from the top ten exports reached $3.131 billion, or 79.2 percent of the total exports.

Fig. 1  Philippine Top Five Exports: November  2007 and 2006
(F.O.B. Value in Million US Dollars)
 

EXPORTS OF MANUFACTURED GOODS DOWN BY 3.1 PERCENT

Accounting for 84.3 percent of the total receipts, export of Manufactured Goods was $3.331 billion, or 3.1 percent decline from $3.437 billion in November 2006.  

All Agro-Based Products with a 5.2 percent share of the total export receipts generated a combined income of $206.90 million, up by 26.3 percent from $163.84 million in November 2006. 

Earnings from Mineral Products reached $210.11 million or 5.3 percent share of the total export revenue, recording a 17.0 percent decrease from $253.10 million in November 2006. 

Petroleum Products with a 2.3 percent share increased by 52.4 percent to $89.84 million from $58.94 million in November 2006. 

Export receipts of Special Transactions decreased by 3.1 percent to $111.98 million from $115.59 million in November 2006.  Meanwhile, exports revenue of Forest Products went down by 51.9 percent to $1.47 million from $3.06 million in November 2006.

Fig. 2  Philippine Exports by Commodity Group: November 2007 and 2006
(F.O.B. Value in Million US Dollars)
 

EXPORTS TO UNITED STATES ACCOUNT FOR 19.0 PERCENT

Accounting for 19.0 percent of the countrys aggregate income for the month, United States of America (USA) remained to be the top market of the country for November with export receipts of $749.54 million, up by 2.9 percent from $728.31 million in November 2006.

Despite a decline of 5.8 percent to $592.53 million from $628.79 million in November 2006,Japan continued to be the second top market for the month with a 15.0 percent share of the total exports.

Peoples Republic of China emerged as the third biggest market for the month with shipments amounting to $435.71 million or 11.0 percent of the total, down by 12.4 percent from its year-ago level of $497.32 million.

Hong Kong ranked fourth with $394.37 million or 10.0 percent of the total revenue, up by 27.8 percent from $308.49 million in November 2006.

Other top markets for November 2007 were Netherlands, $309.34 million; Singapore, $244.16 million; Malaysia, $191.57 million; Germany, $172.70 million; Thailand, $152.41 million; andRepublic of Korea, $131.82 million.

Total export receipts from RPs top ten markets for the month of November 2007 amounted to $3.374 billion or 85.4 percent of the total.

        Fig. 3  Philippine Exports by Top Markets : November 2007
        (F.O.B. Value in Million US Dollars)

Technical Note:

Starting with the January 2007 Press Release, analysis and tables are based on the 2004 Philippine Standard Commodity Classification (PSCC) groupings.  This is in compliance with   NSCB   Resolution No. 03, Series of 2005 entitled Approving and Adopting the 2004 Philippine Standard Commodity Classification by all concerned government agencies and instrumentalities.

Source:    Foreign Trade Statistics Section
               Industry and Trade Statistics Department
               National Statistics Office
               Manila, Philippines