MERCHANDISE EXPORT PERFORMANCE*

September 2013

(Preliminary)

EXPORTED GOODS FOR SEPTEMBER 2013 INCREASE BY 4.9 PERCENT

Export earnings in September 2013 amounted to $5.045 billion, a 4.9 percent growth from $4.811 billion recorded value in September of 2012.  The positive growth was mainly brought by the increase of eight out of the top ten commodities for the month and these are: Other Mineral Products; Cathodes & Sections of Cathodes, of Refined Copper; Other Manufactures; Ignition Wiring Set and Other Wiring Sets Used in Vehicles, Aircrafts and Ships; Metal components; Electronic products; Articles of Apparel and Clothing Accessories; and Chemicals. On a monthly basis, it increased by 10.1 percent from $4.811 billion posted in August 2013.  Total merchandise exports for January to September 2013 registered a 0.1 percent decrease to $40.048 billion in 2013 from $40.085 billion in same period of 2012.

ELECTRONIC PRODUCTS UP BY 12.8 PERCENT

Electronic Products remained as the country’s top export with total receipts of $2.102 billion, accounting for 41.7 percent of the total exports revenue in September 2013. It increased by 12.8 percent from $1.864 billion registered in September 2012.  Similarly, on a month-on-month basis, Electronic Products was up by 17.8 percent from $1.784 billion posted in August 2013. Components/Devices (Semiconductors), which comprised 28.0 percent of the total exports, shared the biggest among the major groups of electronic products with export earnings worth $1.411 billion but declined by 3.9 percent from $1.469 billion recorded in September 2012.

Other Manufactures was the second top export earner in September 2013 with export revenue of $456.40 million, increasing by 35.8 percent from $335.97 million in September 2012.

Woodcrafts and Furniture recorded as the country’s third top export with revenue valued at $271.53 million or 5.4 percent share to total exports. It decreased by 1.7 percent from $276.2 million in same period a year ago. 

Ignition Wiring Set and Other Wiring Sets Used in Vehicles, Aircrafts and Ships ranked fourth, with earnings amounting to $185.53 million in September 2013, contributing 3.7 percent share to the total export receipts. Compared to it’s a year ago level of $141.44 million, this recorded a 31.2 percent increase. 

Metal Components, with 3.4 percent share to the total export receipts, ranked fifth with value posted at $170.80 million. It increased by 18.7 percent from $143.87 million recorded value during the same month in 2012. 

Rounding up the list of the top ten exports for the month of September 2013 were Chemicals with export earnings of $160.53 million, slightly increased by 0.3 percent; Other Mineral Products with export receipts of $132.85 million, up by 53.5 percent; Machinery and Transport Equipment with proceeds billed at $117.00 million, decreased by 22.2 percent; Articles of Apparel and Clothing Accessories with export receipts of $110.29 million, rose by 12.1 percent and Cathodes and Sections of Cathodes, of Refined Copper with total receipts of $98.47 million, increased by 36.3 percent from $72.24 million of the same month a year ago.

Total receipts from the top ten exports reached $3.805 billion, or 75.4 percent of the total exports.

EXPORTS OF MANUFACTURED GOODS STAND AT $3.966 BILLION

Outward shipments of Manufactured Goods was valued at $3.966 billion, accounting for 78.6 percent of the total export receipts in September 2013.  It decreased by 4.3 percent from $4.145 billion recorded in September 2012. However, on a monthly basis, it increased by 6.7 percent from $3.718 billion recorded in August 2013. 

Special Transactions, recording a 7.8 percent share, remarkably increased by 480.9 percent to $393.83 million in September 2013 from $67.79 million in September 2012. 

Receipts from Mineral Products, with a share of 6.9 percent in September 2013, amounted to $350.24 million. It increased by 65.3 percent from $211.94 million in September 2012.  

Exports from Total Agro-Based Products, comprising 5.8 percent share of the total exports revenue in September 2013, went down by 6.5 percent from $312.23 million to $291.88 million in same month a year ago.  Compared to its previous month, it declined by 16.5 percent from $349.63 million in August 2013. 

Income from Petroleum Products, accounting for 0.7 percent share of the total exports revenue, decreased by 41.4 percent from $62.65 million to $36.71 million reported value in same period a year ago. 

Furthermore, Forest Products, with 0.1 percent share, declined by 43.9 percent from $11.31 million in September 2012 to $6.35 million in same month in 2013.

JAPAN ACCOUNTS FOR 22.4 PERCENT TO TOTAL EXPORTS

Japan including Okinawa, remained as the country’s top destination of exports with revenue amounting to $1.130 billion, comprising 22.4 percent share to total exports for September 2013.  It decreased by 23.3 percent from $1.473 billion recorded value in same month a year ago. 

United States of America (USA) including Alaska and Hawaii, with 15.0 percent share to total exports, ranked second with shipments valued at $755.12 million, up by 26.1 percent from $598.63 million compared to same month a year ago. 

People’s Republic of China ranked third, comprising 13.0 percent share to total exports with receipts valued at $653.88 million in September 2013. This recorded an increase of 23.2 percent from $530.61 million in same month last year.  

Hong Kong placed fourth, representing a 10.1 percent share to total exports, with earnings worth $511.65 million.  It accelerated by 42.6 percent from $358.88 million posted in September 2012. 

Singapore ranked fifth in September 2013 with $345.76 million or 6.9 percent share of the total exports, increasing by 1.3 percent from $341.19 million a year ago value. 

Other top ten market destinations for September 2013 were: Republic of Korea, $226.98 million; Germany, $220.55 million; Taiwan, $210.66 million; Thailand, $149.88 million; and Netherlands, $142.34 million. 

Total export receipts from the country’s top ten markets destinations for the month of September 2013 was valued at $4.347 billion or 86.2 percent of the total.

EXPORTS TO EAST ASIA WORTH AT $2.736 BILLION

 The country’s merchandise exports to East Asia in September 2013 accounted for 54.2 percent share to total exports, amounting to $2.736 billion or a decrease of 0.5 percent from its September 2012 figure of $2.749 billion. 

Goods exported to United States of America comprised of 15.0 percent of total exports in September 2013 and was valued at $755.12 million. It went up by 26.1 percent from $598.63 million posted in same month a year ago.

 Exports to ASEAN member-countries, with 14.1 percent share to total merchandise exports, amounted to $712.33 million, a 2.9 percent decrease from $733.65 million recorded in September 2012.

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

                         ^2/ - includes Alaska and Hawaii

                            ^3/ - includes Brunei Darussalam, Cambodia, Indonesia, Laos, Malaysia, Myanmar, 

                            Singapore, Thailand, Vietnam

                            ^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