MERCHANDISE EXPORT PERFORMANCE *
November 2010
( Preliminary )

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

MERCHANDISE EXPORTS FOR NOVEMBER 2010 UP BY 11.2 PERCENT

The value of Philippines merchandise export for November 2010 was estimated at $4.136 billion, higher by 11.2 percent from $3.718 billion recorded during the same period of 2009.   Month - on - month, receipts from merchandise exports declined by 13.4 percent from $4.776 billion posted in October 2010. On the other hand, aggregate merchandise exports for the period January to November 2010 increased by 34.5 percent to $47.220 billion from $35.115 billion estimated from the same months of 2009.

ELECTRONIC PRODUCTS HIGHER BY 8.5 PERCENT

Accounting for 56.4 percent of the total exports revenue in November 2010, Electronic Products was the country's top export with total receipts of $2.333 billion. It level up by 8.5 percent from $2.150 billion registered in November 2009.  Components/Devices (Semiconductors) which comprised 41.6 percent of the total exports, had the biggest share from among the major groups of electronic products with export earnings worth $1.721 billion or an increase of 19.6 percent from $1.439 billion in November 2009   On a monthly basis, Electronic Products, however, decreased by 21.9 percent from $2.988 billion posted in October 2010.

Articles of Apparel and Clothing Accessories followed as the second top earner in November 2010 with total export receipts of $138.20 million or a share of 3.3 percent to the total exports revenue.  It grew by 2.4 percent from $134.91 million recorded in November 2009.  

Woodcrafts and Furniture which comprised 3.2 percent share of total exports in November 2010 emerged as RP's third top gainer with revenue valued at $134.22 million, an increase of 53.3 percent from $87.54 million recorded during the same month in 2009.

Ranked fourth in November 2010 and contributing 2.3 percent to the total export receipts was Ignition Wiring Set and Other Wiring Sets Used in Vehicles, Aircrafts and Ships (consisting only of electrical wiring harness for motor vehicles) with revenue amounting to $94.54 million. This value contracted by 2.5 percent from its year ago level of $96.93 million.

Coconut Oil (including crude and refined) with 1.9 percent share to the total export receipts ranked fifth with value posted at $79.60 million or an equivalent  118.5 percent increment from $36.43 million registered in November 2009.

Rounding up the list of the top ten exports for the month of November 2010 were Petroleum Products (including refined petroleum products, manufactured from crude petroleum oil imported on consignment basis) with export revenue of $72.00 million accelerated by 176.1 percent; Metal Components (excluding brakes and servo ' brakes) with export earnings of $65.96 million went up by 32.5 percent; Other Products Manufactured from Materials Imported on Consignment Basis with export receipts of $63.79 million climbed to 4.4 percent; Gold (extracted from copper ores and concentrates) with recorded sales amounting to $40.90 million registered the highest annual growth among the top ten exports at 208.5 percent; and  Cathodes & Sections of Cathodes of Refined Copper with proceeds billed at $36.00 million lowered by 52.0 percent.

Total receipts from the top ten exports reached $3.058 billion, or 73.9 percent of the total exports.

Fig. 1  Philippine Top Five Exports: November 2010 and 2009
(F.O.B. Value in Million US Dollars

EXPORTS OF MANUFACTURED GOODS STOOD AT $3.544 BILLION

Accounting for 85.7 percent of the total export receipts in November 2010, outward shipments of Manufactured Goods was estimated at $3.544 billion, representing an increase of 8.8 percent from $3.256 billion recorded in the same period a year earlier. Month-on-month, however, it went down by 16.0 percent from $4.221 billion recorded in October 2010.

Income from Total Agro-Based Products comprising 5.4 percent of the total exports revenue in November 2010 went up by 54.7 percent to $225.00 million from $145.47 million in November 2009.  Compared to its previous month level, it declined by 20.2 percent from $281.90 million recorded in October 2010.

Earnings from Mineral Products with a share of 3.9 percent in November 2010 reached $160.57 million. It increased by 12.3 percent from $143.01 million in November 2009.  On the other hand, export receipts from Special Transactions reflecting 3.2 percent share was lower by 8.0 percent from $142.69 million posted in November 2009  to $131.25 million in November 2010.

Petroleum Products accounting for 1.7 percent share of the total exports revenue grew by 176.1 percent to $72.00 million from $26.08 million in November 2009.  Meanwhile, Forest Products with 0.07 percent share exhibited negative growth of 28.0 percent from $4.18 million in November 2009 to $3.01 million in November 2010.

Fig. 2  Philippine Exports by Commodity Group: November 2010 and 2009
(F.O.B. Value in Million US Dollars)

EXPORTS TO JAPAN ACCOUNTED FOR 16.2 PERCENT

Japan including Okinawa comprising 16.2 percent share to total exports for November 2010 emerged as the country's top destination of exports for November 2010 with revenue amounting to $668.27 million. It was higher by 7.7 percent from $620.39 million recorded a year ago.

People's Republic of China with 15.8 percent share to total exports followed as the second top market of the country for November 2010 with export earnings worth $652.76 million. This represents an increase of 178.6 percent from $234.32 million reported a year earlier.

United States of America (USA) including Alaska and Hawaii accounting for 11.8 percent share to total exports came in third with shipments amounting to $488.62 million. Compared to its November 2009 level, the amount diminished by 25.4 percent from $654.67 million.

Singapore ranked fourth in November 2010 with $462.86 million or 11.2 percent share of the total exports, expanded by 55.6 percent from it's year ago value of $297.45 million.

Fifth in rank and accounting for 9.8 percent share to total exports was Hong Kong with export earnings worth 406.62 million or an increase of 55.5 percent from $261.48 million posted in November 2009.

Other top ten markets for November 2010 were Taiwan, $192.68 million; Thailand, $158.09 million; Germany, $150.38 million; Republic of Korea, $150.07 million; and  Netherlands, $124.57  million.

Total export receipts from the country's top ten markets for the month of November 2010 amounted to $3.455 billion or 83.5 percent of the total.

Fig. 3  Philippine Top Exports by Country: November 2010
(F.O.B. Value in Million US Dollars)

EXPORTS TO EASTERN ASIA STOOD AT $2.072 BILLION

The Philippines' merchandise exports to Eastern Asia in November 2010 comprising 50.1 percent share to the total exports was registered at $2.072  billion or an increase of 49.4 percent from it's November 2009 figure  of $1.386 billion.

Exports to ASEAN member-countries accounting for 19.5 percent share to the total merchandise exports reached $807.33 million, a positive growth of 27.2 percent from $634.96 million recorded in November 2009.

Merchandise exports to European Union (EU) which accounts for 11.9 percent of total merchandise exports in November 2010 were valued at $493.45 million.  The value declined by 42.7 percent from $861.33 million registered in November 2009.

Fig. 4  Philippine Exports by Selected Economic Bloc: November 2010 & 2009
(F.O.B. Value in Million US Dollars)

Notes:

^1/  - includes China, Hong Kong, Japan, Macau, Mongolia, N, Korea, S. Korea, Taiwan

²/ - includes Brunei Darussalam, Cambodia, Indonesia, Laos, Malaysia, Myanmar, Singapore,  Thailand, Vietnam

^3/ - includes Austria, Belgium, Bulgaria, Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Ireland, Italy, Latvia, Lithuania, Malta, Netherlands, Poland, Portugal, Romania, Slovakia, Slovenia, Spain, Sweden, Latvia, and UK Great Britain & N. Ireland

Technical Note:

Starting with the January 2007 Press Release, analysis and tables are based on the 2004 Philippine Standard Commodity Classification (PSCC) groupings (as amended in 1999).  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.

(Sgd.) CARMELITA N. ERICTA
Administrator

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