JANUARY-JUNE EXPORTS GROW 11.5 PERCENT

Total receipts for the first semester of the year posted an 11.5 percent increase to $17.616 billion from $15.802 billion in 1999.

For the month of June, total receipts sparked by electronics and components rose by 19.4 percent to $3.410 billion from $2.857 billion last year. This is the highest growth so far in 2000 and since October 1999.

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

ELECTRONICS AND COMPONENTS 2/3 OF TOTAL

Electronics and Components remained as the top earner with a substantial 65.3 percent share of the aggregate June 2000 exports. Value of shipments amounted to $2.228 billion, up by 25.3 percent from $1.779 billion in 1999.

Ranked second with a 6.7 percent share, exports of Articles of Apparel and Clothing Accessories reached $227.45 million, which moved up by 6.9 percent over $212.8 million a year ago.

Coconut Oil was the third top earner for the month with sales amounting to $47.93 million. This was a 227.7 percent increase from $14.63 million last year.

Revenues from Woodcrafts and Furniture went up by 19.6 percent as value of shipments reached $46.05 million from $38.49 million in 1999.

Sales of Ignition Wiring Set and Other Wiring Sets Used in Vehicles, Aircrafts and Ships went up by 3.8 percent to $40.54 million from $39.06 million last year.

Earnings from Other Products Manufactured from Materials Imported on Consignment Basis climbed by 3.6 percent to $25.71 million from $24.82 million last year.

Rounding up the list of the top exports for June 2000 were Petroleum Products, $24.42 million; Bananas (fresh), $24.03 million; Metal Components, $20.28 million; and Cathodes & Sections of Cathodes, Of Refined Copper, $15.67 million.

Aggregate payment for the top ten exports for June amounted to $2.701 billion, or 79.2 percent of the total.

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

MANUFACTURED EXPORTS UP BY 18.9 PERCENT

Manufactured Goods posted an 18.9 percent increase as sales reached $3.120 billion, up from $2.624 billion in 1999. This major export group accounted for 91.5 percent of total receipts.

Income from Agro-Based and Other Agro-Based Products combined for $138.73 million which was 4.1 percent of the total. Compared to last year, aggregate revenue for these commodity groups grew by 26.0 percent from $110.09 million.

Exports of Mineral Products increased by 16.6 percent to $54.65 million while Petroleum Products rose by 129.8 percent to $24.42 million.

Special Transactions amounting to $61.79 million fell by 5.0 percent from $65.05 million last year.

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

EXPORTS TO US ACCOUNT FOR 28.3 PERCENT

Accounting for 28.3 percent of the aggregate receipt for June 2000, exports to the United States valued at $963.55 million rose by 3.1 percent from $934.56 million a year earlier.

Japan followed with a 12.7 percent share. Valued at $434.54 million, exports to Japan increased by 13.0 percent from $384.44 million in 1999.

Exports to Netherlands amounting to $291.95 million accounted for 8.6 percent of the total.

Singapore, the fourth biggest market, posted an export value of $290.37 million which was 8.5 percent of the total. Receipts increased by 25.7 percent from $231.04 million last year.

Other top markets for the month were Taiwan, $276.48 million; Hongkong, $184.66 million; Malaysia, $168.44 million; United Kingdom of Great Britain, $135.00 million; Republic of Korea, $120.89 million; and Germany, $106.70 million.

Export receipts from the top ten markets amounted to $2.973 billion or 87.2 percent of the total.

Fig. 4. Philippine Top Exports by Country in June : 2000
(F.O.B. Value in Million US Dollar)