Export earnings in November 2012 expanded by 5.5 percent to $3.551 billion from $3.366 billion recorded in November 2011. The growth was brought about by the increase in value of shipments of commodities such as metal components, woodcrafts and furniture, electronic products, cathodes & sections of cathodes, of refined copper and ignition wiring set, and other wiring sets used in vehicles, aircrafts, and ships. However, on a monthly basis, it contracted by 19.4 percent from $4.408 billion posted in October 2012. Likewise, cumulative merchandise exports for the first eleven months of 2012 recorded a positive growth of 7.0 percent to $48.026 billion from $44.898 billion posted during the same period of 2011. Meanwhile, total volume of outward shipments showed a year-on-year increase of 1.8 percent and a month-on-month decrease of 42.1 percent compared to same month last year and last month’s outward shipments, respectively.

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.