MERCHANDISE EXPORTS REGISTER 22.0 PERCENT DECREASE

Receipts from merchandise exports for January to September 2001 fell by 14.1 percent to $23.934 billion from $27.867 billion during the same period last year.

For September 2001, reported earnings declined by 22.0 percent to $2.731 billion from $3.502 billion during the same month a year ago.

ELECTRONIC COMPONENTS DECREASE BY 34.0 PERCENT

Receipts from Electronic Components, accounting for 52.4 percent of the aggregate export revenue for the month, went down by 34.0 percent to $1.430 billion from $2.168 billion last year.

Articles of Apparel and Clothing Accessories remained as the countrys second top earner with a combined share of 6.8 percent and an aggregate receipts of $184.38 million or 21.3 percent lower than $234.30 million last year.

Ignition Wiring Set and Other Wiring Sets Used in Vehicles, Aircrafts and Ships combined for $46.41 million reflecting an 11.5 percent decrease from $52.44 million last year.

Other Products Manufactured from Materials Imported on Consignment Basis ranked fourth with sales amounting to $39.29 million or a year-on-year growth of 2.3 percent from $38.42 million.

Revenue from Woodcrafts and Furniture dropped 24.8 percent to $35.27 million from $46.91 million during the same month of 2000.

Rounding-up the list of the top exports for the month of September 2001 were: Metal Components, $33.82 million; Coconut Oil,$29.04 million; Bananas Fresh, $24.09 million, Cathodes & Sections of Cathodes, of Refined Copper, $21.98 million,Petroleum Products, $18.31 million.

Aggregate receipts for the top ten exports amounted to $1.863 billion, or 68.2 percent of the total exports.

Fig. 1: Philippine Top Exports in September: 2000 & 2001
(F.O.B. Value in Million US Dollar)

MANUFACTURED GOODS DECLINE BY 25.2 PERCENT

Accounting for 88.1 percent of the total receipts, exports ofManufactured Goods dropped by 25.2 percent settling at $2.405 billion from $3.216 billion during the same period last year.

Income from Agro-Based Products combined for $126.88 million or 4.7 percent of the total export revenue. Compared to last year, aggregate revenue for this commodity group went up by 2.9 percent from $123.29 million.

Special Transactions grew by 87.9 percent to $132.83 million, while receipts from exports of Mineral Products went down by 20.2 percent to $39.14 million.

Petroleum Products contributed $22.97 million, while Forest Products added $4.32 million dollars.

Fig. 2: Philippine Exports by Commodity Group in September: 2000 & 2001
(F.O.B. Value in Million US Dollar) 

EXPORTS TO US ACCOUNT FOR 28.9 PERCENT

Accounting for 28.9 percent of the countrys aggregate receipts for the month, value of exports to the United States fell by 25.9 percent to $788.58 million from last year's reported figure of $1.064 billion.

Japan followed with a 14.4 percent share. Valued at $394.60 million, exports to Japan went down by 19.2 percent from $488.56 million.

The Netherlands accounting for 10.0 percent of the total receipts, contributed $272.23 million reflecting a 14.6 percent increase from $237.58 million a year earlier.

Taiwan emerged as the fourth biggest market for the month as shipments of local goods amounted to $218.86 million or 8.0 percent of the total. Compared to the same month's last year figure however, receipts declined by 22.2 percent from $281.18 million. Other top markets for September 2001 were: Singapore, $172.36 million; Hong Kong, $137.41 million; Republic of Korea,$113.09 million; Germany, $102.65 million; Malaysia, $101.22 million; and Thailand, $80.49 million.

Total export receipts from RPs top ten markets amounted to $2.381 billion or 87.2 percent of the total.

Fig. 3: Philippine Top Exports by Country in September 2001 
(F.O.B. Value in Million US Dollar) 

Source: National Statistics Office
              Manila, Philippines