Merchandise Export Performance : September 2002

Reference Number: 


Release Date: 

Monday, November 4, 2002



For September 2002, reported earnings went up by 16.8 percent to $3.190 billion from $2.731 billion during the same month a year earlier.

Receipts from merchandise exports for January to September 2002 increased by 8.8 percent to $26.039 billion from $23.934 billion during the same period in 2001.


Receipts from Electronic Components, accounting for 53.0 percent of the aggregate export revenue for the month, gained by 17.0 percent to $1.690 billion from $1.445 billion last year.

Articles of Apparel and Clothing Accessories remained as the country�s second top earner with a combined share of 8.1 percent and an aggregate receipt of $257.62 million or 39.4 percent higher than $184.82 million a year ago.

Other Products Manufactured from Materials Imported on Consignments Basis, ranked third with a total revenue of $50.51 million reflecting a 21.3 percent increase from $41.64 million last year.

Coconut Oil ranked fourth with sales amounting to $45.46 million, a year-on-year growth of 75.8 percent from $25.87 million.

Revenue from Ignition Wiring Set and Other Wiring Sets Used in Vehicles, Aircrafts and Ships, decreased by 12.9 percent to $40.44 million from $46.42 million during the same month of 2001.

Rounding-up the list of the top exports for the month of September 2002 were: Woodcrafts and Furniture, $38.01 million; Metal Components, $36.96 million; Petroleum Products, $31.30 million; Bananas (Fresh), $23.89 million; and Gold, $16.78 million.

Aggregate receipt for the top ten exports amounted to $2.231 billion, or 69.9 percent of the total exports.

Fig. 1. Philippine Top Exports in September: 2001 & 2002
( F.O.B. Value in Million US Dollar )


Accounting for 88.6 percent of the total receipts, exports of Manufactured Goods grew by 17.1 percent as sales reached $2.827 billion, from $2.415 billion during the same period a year ago.

Income from Agro-Based Products, combined for $155.06 million or 4.9 percent of the total export revenue. Compared to last year, aggregate revenue for this commodity group went up by 28.7 percent from $120.46 million.

Special Transactions decreased by 6.0 percent to $124.48 million from $132.45 million, while receipt from exports of Mineral Products gained by 23.0 percent to $50.28 million from $40.89 million.

Petroleum Products posted $31.30 million, while Forest Products registered $2.19 million dollars worth of exports.

Fig. 2. Philippine Exports by Commodity Group in September: 2001 & 2002
( F.O.B. Value in Million US Dollar )


Payments from the United States was 26.1 percent of the country's aggregate export receipts for the month. Valued at $833.54 million, it rose by 5.5 percent from last year's reported figure of $790.01 million.

Japan followed with a 13.7 percent share. Valued at $436.90 million, exports to Japan increased by 11.2 percent from $393.02 million.

Netherlands accounted for 9.3 percent of the total receipts at $297.97 million, up by 6.1 percent from $280.73 million a year ago.

Hongkong emerged as the fourth biggest market for the month as shipments of local goods amounted to $257.27 million or 8.1 percent of the total. Compared to the same month last year figure, receipts went up by 86.4 percent from $138.03 million. Other top markets for September 2002 were: Singapore, $202.70 million; Taiwan, $199.08 million; People's Republic of China, $162.07 million; Malaysia, $146.94 million; Republic of Korea, $117.63 million; and Germany, $107.72 million.

Total export receipts from RP's top ten markets amounted to $2.762 billion or 86.6 percent of the total.

Fig. 3. Philippine Top Exports by Country in September, 2002
( F.O.B. Value in Million US Dollar )

Source: National Statistics Office
             Manila, Philippines