Export earnings in February 2013 amounted to $3.741 billion, a 15.6 percent decrement from $4.430 billion recorded in February of 2012. Similarly, on a monthly basis, it decreased by 6.7 percent from $4.011 billion posted in January 2013. The down fall was supported by the negative year-on-year change in machinery and transport equipment, special transactions, electronic products and articles of apparel and clothing accessories. Aggregate merchandise exports for the first two months of 2013, showed a decrease of 9.4 percent from $8.554 billion in 2012 to $7.752 billion in 2013.

The Philippine merchandise exports decreased by 2.7 percent from $4.123 billion in January 2012 to $4.011 billion in January 2013. The decrement was supported by the negative growth in articles of apparel and clothing accessories, electronic products, machinery and transport equipment and ignition wiring set and other wiring sets used in vehicles, aircrafts and ships. However, on a monthly basis, receipts from merchandise exports went up by 1.0 percent from $3.971 billion posted in December 2012. Likewise, record showed that volume of outward shipments had a positive year-on-year performance of 100.9 percent compared to same month a year ago.

Merchandise exports grew by 16.5 percent in December 2012 to $3.970 billion from $3.407 billion in December 2011. The sustained increment was supported by the positive year-on-year change in bananas (fresh), petroleum products, metal components, tuna and woodcrafts and furniture. Similarly, on a monthly basis, it expanded by 11.8 percent from $3.550 billion posted in November 2012. Likewise, cumulative merchandise exports for January to December 2012 recorded a positive growth of 7.6 percent to $51.994 billion from $48.305 billion posted during the same period of 2011. Meanwhile, record showed that volume of outward shipments had a positive year-on-year performance of 94.8 percent and 29.7 percent compared to last month’s outward shipments.