MERCHANDISE EXPORT PERFORMANCE *
September 2011
( Preliminary )
* Includes transactions that passed through Automated Export Documentation System (AEDS).
p - preliminary
r - revised
SEPTEMBER 2011 MERCHANDISE EXPORTS DROP BY 27.4 PERCENT
Export earnings in September 2011 went down by 27.4 percent from $5.341 billion to $3.876 billion recorded during the same period of the previous year. Month-on-month, it fell by 6.0 percent from $4.123 billion in August 2011.
Total receipts from merchandise exports during January to September declined by 3.1 percent from $38.362 billion to $37.185 billion during the same period a year earlier.
ELECTRONIC PRODUCTS POST 47.9 PERCENT DECLINE
Accounting for 46.8 percent of the total exports revenue in September 2011, Electronic Products emerged as the country’s top export with total receipts of $1.813 billion. It decreased by 47.9 percent from $3.478 billion registered in September 2010. On a monthly basis, Electronic Products, contracted by 12.6 percent from $2.074 billion posted in August 2011.
Among the major groups of electronic products, Components/Devices (Semiconductors) got the major share with 37.4 percent to total exports, posting a negative annual growth at 50.0 percent from $2.904 billion in September 2010 to $1.451 billion.
Articles of Apparel and Clothing Accessories followed as the second top export earner in September 2011 with total receipts of $163.30 million or a share of 4.2 percent to total exports revenue. It improved by 11.4 percent from its September 2010 level of $146.54 million.
Woodcrafts and Furniture ranked third with sales amounting to $153.02 million or a 4.0 percent share to total exports. This value increased by 34.6 percent from $113.66 million recorded in September 2010.
Ranked fourth in September 2011 and contributing 3.3 percent share to total export receipts was Cathodes and Section of Cathodes, of Refined Copper with export earnings worth $128.09 million, expanded by 58.6 percent from $80.78 million.
Ignition Wiring Set and Other Wiring Sets Used in Vehicles, Aircrafts and Ships, consisting only of electrical wiring harness for motor vehicles with 2.4 percent share to total export receipts ranked fifth with value posted at $94.66 million or a 0.2 percent year-on-year decline from $94.82 million in September 2010.
Rounding up the list of the top ten exports for the month of September 2011 were: Coconut Oil, including crude and refined with export revenue at $77.54 million decelerated by 20.7 percent; Other Products Manufactured from Materials Imported on Consignment Basis with export earnings worth $69.06 million dropped by 29.2 percent; Metal Components excluding brakes and servo-brakes with export receipts worth $66.88 million was higher by 24.3 percent; Petroleum Products including refined petroleum products, manufactures from crude petroleum oil imported on consignment basis with recorded sales amounting to $58.31 million registered the highest positive annual growth among the top ten exports at 164.6 percent; and Bananas (Fresh) with proceeds billed at $42.58 million accelerated by 36.3 percent.
Total receipts from the top ten exports reached $2.666 billion, or 68.8 percent of the total exports.
EXPORTS OF MANU
Accounting for 81.7 percent of the total export receipts in September 2011, outward shipments of Manufactured Goods were estimated at $3.169 billion, representing a decrease of 32.8 percent from $4.716 billion recorded in September 2010. Month-on-month, it went down by 7.5 percent from $3.426 billion recorded in August 2011.
Income from Total Agro-Based Products comprising 8.3 percent share to total exports revenue in September 2011 rose by 32.3 percent to $319.70 million from $241.62 million in September 2010. On a monthly basis, it dropped by 5.8 percent from $339.39 million in August 2011.
Earnings from Mineral Products with a 5.7 percent share in September 2011 reached $222.20 million. It decreased slightly by 1.0 percent from $224.37 million in September 2010. Moreover, export receipts from Special Transactions reflecting 2.7 percent share to total exports was lower by 23.1 percent from $134.87 million to $103.78 million posted in September 2011.
Petroleum Products accounting for 1.5 percent share to total exports revenue accelerated by 164.6 percent to $58.31 million from $22.04 million in September 2011. On the other hand, Forest Products with 0.1 percent share rose by 101.5 percent to $3.97 million from $1.97 million in September 2010.
EXPORTS TO JAPAN ACCOUNT FOR 17.7 PERCENT
Japan including Okinawa comprising 17.7 percent share to total exports for September 2011 emerged as the country’s top destination of exports with revenue amounting to $685.16 million. It was lower by 11.7 percent from $775.69 million recorded a year ago.
People’s Republic of China with 14.1 percent share to total exports followed as the second top market of the country for September 2011 with export earnings worth $547.64 million. This represents a decrease of 18.5 percent from $672.26 million reported a year earlier.
United States of America (USA) including Alaska and Hawaii accounting for 13.4 percent share to total exports came in third with shipments amounting to $518.73 million. This value contracted by 7.1 percent compared to its year ago level at $558.60 million.
Singapore shares 7.7 percent to total exports in September 2011, ranking fourth with $299.24 million, a decline by 76.7 percent from $1.283 billion in September 2010.
Fifth in rank and representing 6.9 percent share to total exports was Hong Kong with export earnings worth $268.40 million or a 30.1 percent drop from $383.98 million posted in September 2010.
Other top ten markets for September 2011 were Taiwan, $176.13 million (4.5%); Republic of Korea, $168.80 million (4.4%); Thailand, $155.71 million (4.0%); Germany, $127.35 million (3.3%); and Netherlands, $110.64 million (2.9%).
Total export receipts from the country’s top ten markets for the month of September 2011 amounted to $3.058 billion or 78.9 percent of the total.
EXPORTS TO EAST
The Philippines’ merchandise exports to East Asia in September 2011 contributed 47.8 percent share to total exports, amounting to $1.851 billion or a decrease of 17.1 percent from its September 2010 figure of $2.232 billion.
Exports to ASEAN member-countries accounting for 17.6 percent share to total merchandise exports in September 2011 reached $682.39 million, posting a negative annual growth rate of 58.6 percent from $1.647 billion recorded in September 2010.
Merchandise exports to European Union (EU), on the other hand, sharing 12.7 percent to total merchandise exports in September 2011 was valued at $493.92 million. This figure contracted by 20.9 percent from $560.49 million recorded in September 2010.
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
