Merchandise Export Performance : September 2000

Reference Number: 

2000-076

Release Date: 

Monday, November 6, 2000

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

 

NINE-MONTH EXPORTS REACH $27.867 BILLION

Total receipts from merchandise export for the period January to September 2000 grew by 9.0 percent to $27.867 billion from $25.558 billion last year.

For the month of September, total receipts went down by 5.2 percent to $3.502 billion compared to $3.693 billion in 1999. This is the first decline in export revenues posted since November 1994.

Fig. 1. Philippine Export by Month: 2000
( F.O.B. Value in Million US Dollar )

ELECTRONICS COMPONENTS DOWN BY 15.0 PERCENT

Electronics Components, accounting for 61.8 percent of the aggregate receipt, led the top earners for the month of September 2000. Value of shipments worth $2.163 billion decreased by 15.0 percent from $2.543 billion in 1999.

Articles of Apparel and Clothing Accessories ranked second with a 6.7 percent share and reported sales of $233.83 million which was 12.8 percent higher than $207.34 million a year ago.

The third top earner consisted of Ignition Wiring Sets and Other Wiring Sets Used in Vehicles. Sales went up by 15.3 percent to $52.44 million from $45.48 million last year.

Earnings from Woodcraft and Furniture worth $47.17 million, were up by 12.8 percent from $41.83 million a year ago.

Petroleum Products, the fifth biggest earner, reported sales amounting to $39.46 million, an increase of 127.8 percent over $17.32 million last year.

Revenues from Other Products Manufactured from Materials Imported on Consignment basis rose by 11.5 percent to $38.36 million from $34.40 million in 1999.

Completing the list of the top exports for September 2000 were Coconut Oil, $36.58 million; Metal Components, $23.31 million; Bananas (Fresh), $16.35 million; and, Shrimps and Prawns, Fresh, Chilled or Frozen, $15.85 million.

Combined revenue from the top ten exports for September amounted to $2.666 billion, or 76.1 percent of the total.

Fig. 2. Philippine Top Exports in September: 1999 & 2000
( F.O.B. Value in Million US Dollar )

REVENUES FROM MANUFACTURED GOODS DOWN BY 6.6 PERCENT

Manufactured Goods comprised 91.7 percent of total exports. Receipts from this major export group reached $3.213 billion which was however down by 6.6 percent over $3.440 billion a year earlier.

Combined sales from Agro-Based Products and Other Agro-Based Products ranked second among the major export groups and grossed $123.72 million. Aggregate revenue grew by 2.1 percent from $121.23 million last year.

Exports of Mineral Products declined by 7.1 percent to $50.12 million while Petroleum Products rose by 127.8 percent to $39.46 million.

Special Transactions amounting to $72.38 million increased by 21.1 percent from $59.76 million last year.

Fig. 3. Philippine Exports by Commodity Group in September : 1999 - 2000
( F.O.B. Value in Thousand US Dollar )

30.4 PERCENT OF SEPTEMBER EXPORT REVENUES FROM U.S.

Accounting for 30.4 percent of the total exports, purchases from United States worth $1.063 billion grew by 15.7 percent from $918.55 million a year earlier.

Japan remained in second spot with a 14.0 percent share. Sales to Japan rose by 19.1 percent to $489.69 million from $411.04 million a year ago.

Taiwan bought goods valued at $281.16 million or 8.0 percent of the total exports. However, sales to Taiwan fell by 48.6 percent from $547.30 million last year.

Other major markets for September 2000 were Singapore, $269.17 million; Netherlands, $237.46 million; Hongkong, $229.39 million; Thailand, $141.11 million, United Kingdom of Great Britain, $138.25 million; Malaysia, $117.97 million; and Germany, $100.79 million.

Total earnings from the top ten markets amounted to $3.068 billion or 87.6 percent of the total.

Fig. 4. Philippine Top Exports by Country in September : 2000
( F.O.B. Value in Million US Dollar )

Source: National Statistics Office
             Manila, Philippines

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