Export earnings in September 2012 expanded by 22.8 percent to $4.784 billion from $3.897 billion recorded in September 2011. The growth was brought about by the increase in value of shipments of commodities such as Tuna (includes fresh, frozen, prepared or preserved in airtight containers), Metal Components (excluding brakes & servo-brakes), Bananas (fresh), Woodcrafts and Furniture, Ignition Wiring Set and Other Wiring Sets Used in Vehicles, Aircrafts and Ships, Petroleum Products, Coconut Oil and Electronic Products. Similarly, on a monthly basis, it expanded by about 26.0 percent from $3.798 billion posted in August 2012. Meanwhile, total volume of outward shipments in September 2012 showed an increase of 47.3 percent year-on-year and 152.6 percent expansion compared to last month’s outward shipments. Likewise, cumulative merchandise exports for the first nine months of 2012 recorded a positive growth of 7.2 percent to $40.067 billion from $37.376 billion posted during the same period of 2011.

Export earnings in August 2012 went down by 9.0 percent to $3.798 billion from $4.173 billion recorded in August 2011. The decline was brought about by the decrease in value of shipments in the following commodities: Articles of Apparel and Clothing Accessories, Coconut Oil, Bananas (Fresh), Electronic Products, Pineapple and Pineapple Products and Ignition Wiring Set and Other Wiring Sets Used in Vehicles, Aircrafts and Ships. Similarly, on a monthly basis, it fell by 19.7 percent from $4.727 billion posted in July 2012. Total volume of outward shipments in August 2012 showed a decrease of 56.7 percent year-on-year and 72.6 percent contraction compared to last month’s outward shipments. However, cumulative merchandise exports for the first eight months of 2012 recorded a positive growth of 5.4 percent to $35.283 billion from $33.479 billion posted during the same period of 2011.

Export earnings in July 2012 went up by 7.8 percent to $4.807 billion from $4.460 billion recorded in July 2011. The increase can be attributed to the higher annual growth in seven out of the ten top Philippine exports in July 2012 including activated carbon, metal components, bananas, ignition wiring set and other wiring sets used in vehicles, aircrafts and ships, pineapple and pineapple products, tuna and woodcrafts and furniture. Similarly, on a monthly basis, it grew by 11.4 percent from $4.314 billion posted in June 2012. Cumulative merchandise exports for the first seven months of 2012 also showed a positive growth of 7.7 percent to $31.564 billion from $29.306 billion posted during the same period of 2011.