11-MONTH EXPORT REVENUES POST 7.8 PERCENT GROWTH

Total receipts from merchandise export for the period January to November 2000 grew by 7.8 percent to $34.582 billion from $32.093 billion last year.

For the month of November, total receipts increased by 7.9 percent to $3.317 billion compared to $3.075 billion in 1999.

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

ELECTRONICS COMPONENTS UP BY 2.0 PERCENT

Electronics Components, accounting for 57.4 percent of the aggregate receipt, led the top earners for the month of November 2000. Value of shipments worth $1.904 billion increased by 2.0 percent from $1.866 billion in 1999.

Articles of Apparel and Clothing Accessories ranked second with a 5.6 percent share and reported sales of $186.51 million which was 13.9 percent higher than $163.72 million a year ago.

The third top earner consisted of Woodcraft and Furniture with sales of $71.77 million which was a 44.0 percent increase from $49.82 million last year.

Earnings from Petroleum Products worth $63.36 million increased by 5.9 percent from $59.85 million a year ago.

Ignition Wiring Sets and Other Wiring Sets Used in Vehicles, Aircrafts and Ships, the fifth biggest earner, reported sales amounting to $42.87 million, which was a decrease of 12.1 percent over $48.77 million in 1999.

Receipts from Other Products Manufactured from Materials Imported on Consignment Basis gained 20.3 percent to $40.19 million from $33.42 million in 1999.

Completing the list of the top exports for November 2000 were Metal Components, $29.51 million; Cathodes & Sections of Cathodes, Of Refined Copper, $28.32 million; Coconut Oil, $25.73 million; and Bananas (Fresh), $24.60 million.

Combined revenues from the top ten exports for November amounted to $2.417 billion, or 72.9 percent of the total.

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

REVENUES FROM MANUFACTURED GOODS ROSE BY 9.14 PERCENT

Manufactured Goods comprised 90.5 percent of total exports. Receipts from this major export group reached $3.002 billion, which was up by 9.1 percent over $2.750 billion a year earlier.

Combined sales from Agro-Based Products and Other Agro-Based Products netted $117.75 million. Compared to last year, aggregate revenues dropped by 9.3 percent from $129.78 million.

Exports of Petroleum Products rose by 6.1 percent to $63.51 million while Mineral Products declined by 7.7 percent to $56.14 million.

Special Transactions amounting to $76.97 million increased by 4.4 percent from $73.73 million last year.

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

US SHARE 26.7 PERCENT OF NOVEMBER EXPORT REVENUE

Accounting for 26.7 percent of the total exports, purchases by the United States worth $886.63 million grew by 6.2 percent from $835.15 million a year earlier.

Japan remained at the second spot with a 17.4 percent share. Sales to Japan rose by 32.2 percent to $576.17 million $435.81 million a year ago.

Singapore bought goods valued at $323.86 million or 9.8 percent of the total exports. Compared to last year, sales to Singapore grew by 35.9 percent from $238.33 million.

Other major markets for November 2000 were Netherlands, $228.01 million; Taiwan, $190.38 million; Hongkong, $145.76 million; Thailand, $137.21 million, Germany, $116.71 million; United Kingdom of Great Britain, $116.31 million; and Malaysia, $111.92 million.

Total earnings from the top ten markets amounted to $2.833 billion or 85.4 percent of the total.

Fig. 4. Philippine Top Exports by Country in November: 2000

Source: National Statistics Office
              Manila, Philippines