* Include transactions that passed through all Value Added Service Provider (VASP) for the month of October.
p - preliminary
r – revised
EXPORTED GOODS FOR OCTOBER 2013 UP BY 14.0 PERCENT
Export earnings in October 2013 amounted to $5.026 billion, a 14.0 percent growth from $4.410 billion recorded value in October of 2012. The positive growth was mainly brought by the increase of nine major commodities out of the top ten commodities for the month and these are: Chemicals; Machinery and Transport Equipment; Other Mineral Products; Cathodes & Sections of Cathodes, of Refined Sugar; Other Manufactures; Articles of Apparel and Clothing Accessories; Ignition Wiring Set and Other Wiring Sets Used in Vehicles, Aircrafts and Ships; Other Electronics; Woodcrafts and Furniture; Electronic Products; and Metal Components. On a monthly basis, it slightly decreased by 0.6 percent from $5.056 billion posted in September 2013. Total merchandise exports for January to October 2013 registered a 1.3 percent increase to $45.085 billion in 2013 from $44.518 billion in same period of 2012.
ELECTRONIC PRODUCTS INCREASE BY 13.4 PERCENT
Electronic Products remained as the country’s top export with total receipts of $2.158 billion, accounting for 42.9 percent of the total exports revenue in October 2013. It increased by 13.4 percent from $1.903 billion registered in October 2012. Similarly, on a month-on-month basis, Electronic Products slightly accelerated by 0.4 percent from $2.150 billion posted in September 2013. Components/Devices (Semiconductors), which comprised 30.3 percent of the total exports, shared the biggest among the major groups of electronic products with export earnings worth $1.522 billion but declined by 2.7 percent from $1.564 billion recorded in October 2012.
Other Manufactures was the second top export earner in October 2013 with export revenue of $312.87 million, decreased by 31.3 percent from $455.60 million in October 2012.
Woodcrafts and Furniture recorded as the country’s third top export with revenue valued at $300.08 million or 6.0 percent share to total exports. It increased by 26.5 percent from $237.25 million in same period a year ago.
Machinery and Transport Equipment ranked fourth, with earnings amounting to $223.97 million in October 2013, contributing 4.5 percent share to the total export receipts. Compared to last year level of $117.96 million, this recorded a 89.9 percent increase.
Other Mineral Products, with 3.9 percent share to the total export receipts, ranked fifth with value posted at $197.34 million. It increased by 89.1 percent from $104.34 million recorded value during the same month in 2012.
Rounding up the list of the top ten exports for the month of October 2013 were Chemicals with export earnings of $195.71 million, it registered the highest positive year on year change of 96.4 percent; Ignition Wiring Set and Other Wiring Sets Used in Vehicles, Aircrafts and Ships with export receipts of $176.26 million, up by 41.2 percent; Articles of Apparel and Clothing Accessories with proceeds billed at $153.34 million, increased by 75.1 percent; Other Electronics with export receipts of $123.27 million, rose by 30.4 percent and Metal Components with total receipts of $117.95 million, increased by 0.3 percent from $117.6 million of the same month a year ago.
Total receipts from the top ten exports reached $3.959 billion, or 78.8 percent of the total exports.
EXPORTS OF MANUFACT URED GOODS STOOD AT $4.162 BILLION
External shipments of Manufactured Goods was valued at $4.162 billion, accounting for 82.8 percent of the total export receipts in October 2013. It increased by 17.5 percent from $3.542 billion recorded in October 2012. However, on a monthly basis, it slightly decreased by 0.01 percent from $4.162 billion recorded in September 2013.
Mineral Products, recording a 7.3 percent share, increased by 9.8 percent to $369.23 million in October 2013 from $336.2 million in October 2012.
Receipts from Total Agro-Based Products, with a share of 6.7 percent in October 2013, amounted to $334.78 million. It decreased by 8.8 percent from $367.15 million in October 2012.
Merchandise exported from Special Transactions, comprising 2.1 percent share of the total exports revenue in October 2013, went up by 38.9 percent to $105.78 million from $76.15 million in same month a year ago. On a month-on-month basis, it increased by 25.0 percent from $84.62 million in September 2013.
Income from Petroleum Products, accounting for 0.9 percent share of the total exports revenue, decreased by 43.8 percent from $82.43 million to $46.30 million reported value in same period a year ago.
Furthermore, Forest Products with 0.2 percent share, increased by 36.8 percent to $7.88 million in October 2013 from $5.76 million in same month in 2012.
JAPAN ACCOUNTED FOR 22.0 PERCENT TO TOTAL EXPORTS
Japan including Okinawa, remained as the country’s top destination of exports with revenue amounting to $1.108 billion, comprising 22.0 percent share to total exports for October 2013. It increased by 51.6 percent from $730.76 million recorded value in same month a year ago.
United States of America (USA) including Alaska and Hawaii, with 14.2 percent share to total exports, ranked second with shipments valued at $714.55 million, went up by 22.4 percent from $583.56 million compared to same month a year ago.
People’s Republic of China, ranked third, comprising 12.8 percent share to total exports, with export receipts valued at $643.76 million in October 2013. This recorded an increase of 16.9 percent from $550.5 million in same month last year.
Singapore, placed fourth, representing a 8.5 percent share to total exports, with export earnings worth $427.9 million. It accelerated by 45.9 percent from $293.2 million posted in October 2012.
Hong Kong ranked fifth in October 2013 with $386.70 million or 7.7 percent share of the total exports, decreased by 40.2 percent from $646.9 million a year ago value.
Other top ten market destinations for October 2013 were: Thailand, $234.60 million; Germany, $217.23 million; Republic of Korea, $198.44 million; Taiwan, $179.10 million; and Netherlands, $141.23 million.
Total export receipts from the country’s top ten markets destinations for the month of October 2013 was valued at $4.251 billion or 84.6 percent of the total.
EXPORTS TO EAST ASIA VALUED AT $2.519 BILLION
The country’s merchandise exports to East Asia in October 2013 accounted for 50.1 percent share to total exports, amounting to $2.519 billion or an increase of 3.2 percent from its October 2012 figure of $2.441 billion.
Goods exported to ASEAN comprised of 17.3 percent to total exports in October 2013 and was valued at $869.39 million. It went up by 35.1 percent from $643.47 million posted in same month a year ago.
Exports to United States of America member-countries, with 14.2 percent share to total merchandise exports, amounting to $714.55 million, a 22.4 percent increase from $583.56 million recorded in October 2012.
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 Alaska and Hawaii
4/ - includes Austria, Belgium, Bulgaria, Cyprus, Czech Republic, Denmark, Estonia,
Finland, France, Germany, Greece, Hungary, Ireland, Italy, Latvia, Lithuania,
Luxembourg, Malta, Netherlands, Poland, Portugal, Romania, Slovakia, Slovenia,
Spain, Sweden and UK Great Britain
Technical Note:
Starting with the February 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.
CARMELITA N. ERICTA
Administrator
