Date Released: June 26, 2010
FOREIGN TRADE STATISTICS OF THE PHILIPPINES:
2009
2009 TOTAL TRADE ST00D AT $81.527 BILLION
Total
external trade in goods for 2009 reached $81.527 billion, a decrease of 23.0
percent from $105.824 billion in 2008. Total export receipts fell by 21.7
percent from $49.078 billion to $38.436 billion in 2009. Likewise, total imports
also declined by 24.1 percent to aggregate dollar expenditure of $43.092 billion
from $56.746 billion in 2008. The balance of trade in goods (BOT-G) for the
Philippines registered a $4.656 billion deficit in 2009, down by 39.3 percent
from the previous year’s deficit of $7.669 billion.
2009 TOP 10 EXPORTS ACCOUNTED
FOR 74.2 PERCENT OF EXPORT RECEIPTS
Accounting for 74.2 percent
of the aggregate export revenue in 2009, receipts from the top ten exports
totaled to $28.537 billion, posting a 22.6 percent negative growth from $36.857
billion in 2008. (see Table 2)
Electronic Products
Articles of Apparel and Clothing Accessories
followed with a share of 4.0 percent and an aggregate receipt of $1.525 billion or 21.7 percent lower than the $1.949 billion in 2008.Woodcrafts and Furniture
ranked third with a share of 2.5 percent, posting a negative year-on-year growth of 15.9 percent to $958.77 million from $1.140 billion in 2008.Ignition Wiring Sets and Other Wiring Sets Used in Vehicles, Aircrafts and Ships
, contributing 2.0 percent of the total export receipts, was RP’s fourth top export in 2009 with sales amounting to $752.05 million, reflecting a decrease of 16.6 percent from $901.88 million in 2008.Cathodes and Sections of Cathodes of Refined Copper
, accounting for 1.8 percent share, ranked fifth with export receipts of $687.98 million or a drop of 47.5 percent from $1.309 billion in 2008.Rounding up the list of top ten exports for 2008 were
Other Products Manufactured from Materials Imported on Consignment Basis, worth $668.02 million, up by 1.7 percent; Coconut Oil with an export value of $594.51 million, down by 42.8 percent; Metal Components amounting to $481.43 million or a decline of 16.7 percent; Bananas (Fresh) with proceeds billed at $360.22 million, fell by 11.2 percent; and Tuna, worth $326.94 million or a decrease of 13.5 percent from $377.81 million in 2008.Figure
2 Philippine Top Five Exports: 2009 and 2008
2009 TOP 10 IMPORTS ACCOUNTED
FOR 76.2 PERCENT OF IMPORT BILL
Aggregate payment for the country’s top ten imports for 2009 reached $32.848
billion or 76.2 percent of the total import bill, registering a 27.5 percent
decrease from $45.291 billion in 2008. (see Table 3)
Electronic Products
Mineral Fuels, Lubricants and Related Materials
ranked second with a 17.1 percent share and posted a negative growth of 40.6 percent from $12.395 billion to $7.361 billion.Transport Equipment
ranked third, comprising 5.2 percent of the total imports and fell by 16.9 percent from $2.718 billion to $2.260 billion in 2009.Cereals and Cereal Preparations
, ranking fourth, recorded a share of 4.4 percent or $1.887 billion worth of imports, down by 27.4 percent from $2.599 billion a year ago.Industrial Machinery and Equipment
ranked fifth with a 4.1 percent share of the total imports, worth $1.756 billion, lower by 23.6 percent from $2.298 billion in 2008.Organic and Inorganic Chemical
, accounting for 2.6 percent of total imports, ranked sixth as foreign bill amounted to $1.131 billion or down by 10.2 percent from $1.259 billion in 2008.Rounding up the list of top ten imports for 2009 were Iron and Steel $920.21 million; Metalliferous Ores and Metal Scrap, $849.08 million; Plastics in Primary and Non-Primary Forms, $768.03 million; and Telecommunication Equipment and Electrical Machinery, $749.05 million.
Figure 3 Philippine Top Five
Imports: 2009 and 2008
UNITED STATES OF AMERICA
ACCOUNTS FOR 14.6 PERCENT OF RP’s TOTAL TRADE
The
country’s top ten trading partners posted a total trade value of $61.449 billion
or 75.4 percent share of the total; comprising total export receipts of $32.260
billion or 83.9 percent of the total exports; and total import bill of $29.189
billion or 67.7 percent of the total imports.
United
States of America (USA)
including Alaska and Hawaii
continued to be
the country’s top trading partner in 2009, cornering 14.6 percent of the
country’s total trade. Exports to
USA
totaled to $6.789 billion while imports were valued at $5.113 billion, posting a
trade surplus of $1.676 billion (see Table 4). Electronic Products
contributed the biggest share at $3.239 billion or 47.7 percent of the total
exports to the country, followed by Articles of Apparel and Clothing
Accessories at $1.081 billion or 15.9 percent share of the total exports.
Majority of the imported products from USA were Electronic Products
billed at $3.161 billion or 61.8 percent of the total imports and Cereals and
Cereal Preparations at $422.12 million or an 8.3 percent share of the total
imports. (see Tables 5 and 6)
Japan
including Okinawa
followed
as the country’s
second largest trading partner in 2009 with a total trade worth $11.572 billion
or 14.2 percent of the total trade. Export receipts stood at $6.208 billion
while payments for imports were valued at $5.363 billion, resulting to an
$845.05 million trade surplus. The biggest receipt came from Electronic
Products at $2.936 billion or 47.3 percent of the country’s exports to
Japan. Woodcrafts and furniture followed with total receipts of $815.62
million or 13.1 percent of the total exports to the country. Imported goods
purchased from Japan consisted of Electronic Products worth $2.451
billion or 45.7 percent of the total imports from the country. Transport
Equipment was next at $524.73 million or a share of 9.8 percent of the total
imports. (see Tables 5 and 6)
People’s Republic of China
came third,
accounting for a
total trade of $6.741 billion or 8.3 percent of the total trade in 2009.
Receipts from exports to this country were valued at $2.934 billion while
payment for imports totaled to $3.807 billion, reflecting a trade deficit of
$873.49 million. The bulk of exports came from Electronic Products worth
$2.037 billion or 69.4 percent of the total exports to the country and
Cathodes and Sections of Cathodes of Refined Copper at $226.64 million or
7.7 percent share. Electronic Products and Mineral Fuels, Lubricants
and Related Materials were the major imports from People’s Republic of
China
with purchases worth
$1.587 billion or 41.7 percent of the total and $289.59 million or 7.6 percent
of the total, respectively. (see Tables 5 and 6)
Singapore emerged
as the fourth largest trading partner of the country with a total trade
amounting to $6.201 billion or a share of 7.6 percent to total trade. Registered
export receipts were valued at $2.477 billion while import bill reached $3.724
billion, resulting to a trade deficit of $1.246 billion. Electronic Products
and Petroleum Products were the country’s major exports to Singapore with
earnings of $1.996 billion or 80.6 percent share and $100.73 million or 4.1
percent of the total exports, respectively. Similarly, Electronic Products
with import bill of $1.644 billion or 44.2 percent share, and Mineral Fuels,
Lubricants and Related Materials worth $1.031 billion or 27.7 percent
of the total imports were the major imports from Singapore. (see Tables 5 and
6)
EUROPEAN UNION CORNERED 13.8
PERCENT OF RP’s TOTAL TRADE
Total
external trade in goods with the European Union (EU) grossed $11.217
billion or 13.8 percent of the country’s total trade. Exports to EU
reached $7.948 billion or 20.7 percent of the total export receipts, while
imports were valued at $3.270 billion or a share of 7.6 percent, resulting to a
balance of trade in goods (BOT-G) surplus of $4.678 billion. Among the EU
member-countries,
Netherlands was
RP’s top trading partner with a total trade of $4.044 billion or 36.0 percent of
EU’s total trade. Receipts from exports to
Netherlands
totaled to $3.744
billion while payment for imports was $300.10 million or a trade surplus of
$3.443 billion (see Table 7)
Major exports to EU member-countries in 2009 were Electronic Products, $5.614 billion; Other Products Manufactured from Materials Imported on Consignment Basis, $408.01 million; Coconut Oil, $247.42 million; Articles of Apparel and Clothing Accessories, $160.55; and Tuna, $156.52 million. (see Table 8)
Top five imported goods from EU
member-countries were Electronic Products, $1.186 billion; Medicinal
and Pharmaceutical Products, $323.16 million; Industrial Machinery and
Equipment, $288.62 million; Transport Equipment, $211.45 million; and
Paper and Paper Products, $95.75 million. (see
Table 9)
ASEAN TOTAL TRADE STOOD AT
$16.813 BILLION
Total
external trade in goods with ASEAN member-countries for 2009 amounted to
$16.813 billion or 20.6 percent of the country’s entire trade. Exports to
ASEAN member-countries were valued at $5.844 billion while imports were
worth $10.968 billion, generating a trade deficit of $5.124 billion. Singapore
emerged as the country’s top trading partner among the ASEAN member-countries
with a total trade accounting for $6.201 billion or 36.9 percent share of the
ASEAN total trade. Exports to Singapore registered earnings of $2.477
billion while imports payment was $3.724 billion, which resulted to a $1.246
billion trade deficit. (see Table 7)
Leading
exports to ASEAN member-countries were Electronic Products, $3.305
billion; Cathodes and Sections of Cathodes of Refined Copper, $220.08
million; Metal Components, $169.36 million; Petroleum Products,
$151.35 million; and Fertilizers Manufactured, $94.86 million.
(see Table 8)
Top
imports from the ASEAN member-countries were Electronic Products, $2.924
billion; Mineral
Fuels, Lubricants and Related Materials,
$2.038 billion; Transport
Equipment, $1.129 billion; Cereals and Cereal Preparations,
$1.004 billion; and
Industrial Machinery and
Equipment,
$353.81 million. (see Table 9)
APEC TOTAL TRADE TO RP
REACHED $63.575 BILLION Total
external trade with APEC member-countries for 2009 amounted to $63.575
billion or 78.0 percent of the entire trade. Export receipts totaled to $28.909
billion or 75.2 percent of the total exports while import payments summed up to
$34.666 billion or a 80.4 percent share of the total imports, resulting to a
trade deficit of $5.757 billion. Topping the list were USA, $11.902
billion or 14.6 percent share; Japan, $11.572 or 14.2 percent
share; People’s Republic of China, $6.741 billion or 8.3 percent share;
and Singapore, $6.201 billion or 7.6 percent share of the APEC total
trade. (see Table 10)
Electronic Products
were still the major export to APEC member-countries with receipts valued at
$16.328 billion or 56.5 percent share of the total APEC exports. The other top
exports were Articles of Apparel and Clothing Accessories, $1.240
billion; Woodcrafts and Furniture, $913.64 million; Ignition Wiring
Sets, $747.43 million; and Cathodes and Section of Cathodes of Refined
Copper, $687.98 million. (see Table 11)
Topping
the list of imported goods from APEC countries were
Electronic Products,
$13.764 billion;
Mineral Fuels, Lubricants and Related Materials, $4.352 billion;
Transport Equipment, $1.977 billion; Cereals and Cereal
Preparations, $1.613 billion; and Industrial Machinery and
Equipment, $1.406 billion. (see Table 12)
TECHNICAL NOTES
The figures reported
in this 2009 Annual Special Release are The commodity
groupings included here are in accordance with the All transactions that
pass through the Automated Export Documentation System (AEDS) are included in
the compilation of export statistics. Starting with 2006
series, import statistics are adjusted based on the transactions that pass
through the Automated Cargo Operating System (ACOS). 
final and higher
than the sum of the reported figures on the monthly press releases, as it
includes data from the documents that arrived late for inclusion in their
respective months.
Source: National Statistics Office
Manila, Philippines
Page last revised: June 26, 2010