Sign up | Log in



Home  >>   Daily News  >>   Philippines News  >> Economy  >> PHL exports up 11% in March on shipme
NEW UPDATES Asean Affairs   12 May 2014  

PHL exports up 11% in March on shipme

Philippine merchandise exports grew by 11 percent to $5.227 billion in March from $4.699 billion a year earlier, the Philippine Statistics Authority reported Friday, citing higher shipments in electronics and other manufactures.
Receipts from electronics totaled $2.166 billion, up 10.1 percent from $1.967 billion in the same comparable period.
Semiconductors accounted for 29.0 percent of total exports. But export earnings from this sector were down 7.8 percent $1.513 billion from $1.641 billion.
Other manufactures, which usually include metals and non-metallic minerals and paper, brought in $387.85 million in revenues – a 12.3 percent decline from $442.42 million.
“Manufactures remain as the major contributor for export growth," Arsenio M. Balisacan, National Economic and Development Authority (NEDA) director-general, said in a separate statement Friday.
"Accounting for 84.5 percent of our total merchandise exports, this means that we are riding the wave of a sustained expansion in global manufacturing activity,” he said.
Receipts from manufactured goods amounted to $4.4 billion, up 13.5 percent from $3.9 billion, making up for the slack in other manufactures and semiconductors, government data showed.
Agro-based products raked in $469.2 million, up 22.1 percent from $384.3 million.
“Higher domestic production of banana, mango and pineapple in the fourth quarter of 2013, along with strong demand from Japan, China, South Korea, Hong Kong, Middle East and the United States of America, boosted the export volume of these goods,” Balisacan said.
“The Philippines’ sugar quota commitment with the USA also contributed to higher export volume of sugar products in March 2014,” the NEDA chief noted.
The Philippines was able to ship 45.3 million gross kilos of centrifugal and refined sugar to the US, the first such shipment since November 2013 when production was hindered by Typhoon Yolanda. Shipments of the commodity were also affected by a decision of the Sugar Regulatory Authority to cut the allocation for exports to the world market, according to NEDA.
Shipments of forest products amounted to $9.9 million, up 76.1 percent. “The higher international prices of other forest products and logs may have contributed to the gains in the exports value of these commodities,” Balisacan said.
On the other hand, export revenues from mineral products – up 0.8 percent – was attributed largely to demand for iron ore by Japan.
PSA showed shipments of petroleum products dropped 76.5 percent to $17.5 million from $74.3 million. “Despite the weak performance in outward shipments of petroleum, the Philippines remains among the top performers in merchandise exports growth, alongside Vietnam,” the NEDA chief noted.
Total exports in the first quarter reached $14.3 billion, up 6.5 percent from $13.4 billion.
In March, Japan was the top buyer of Philippine exports. Total shipments to Japanese buyers reached $1.3 billion or 25 percent of receipts for the month.
The US market took 13.7 percent of Philippine shipments, followed by China at 10.7 percent, Hong Kong at 7.9 percent, Singapore at 7.5 percent, Germany at 4.6 percent, South Korea at 4.5 percent, Thailand at 3.8 percent, Taiwan at 3.5 percent, and the Netherlands at 3.3 percent. – VS, GMA News

Reach Southeast Asia!
10- Nations, 560- Million Consumers
And $1 -Trillion Market
We are the Voice of Southeast Asia Media Kit
The only Media Dedicated to Southeast Asia Advertising Rates for Magazine
Online Ad Rates

Comment on this Article. Send them to

Letters that do not contain full contact information cannot be published.
Letters become the property of AseanAffairs and may be republished in any format.
They typically run 150 words or less and may be edited
submit your comment in the box below

Today's  Stories                            May 12, 2014 Subsribe Now !
• Faber to address investment forum Subcribe: Asean Affairs Global Magazine
• PHL exports up 11% in March on shipme
• Podomoro to raise Rp 750b from bonds issuance
Research Reports
on Thailand 2007-2008

• Textiles and Garments Industry
• Coffee industry
• Leather and footwear industry
• Shrimp industry

• Nissan starts production of Datsun GO+
• Beer production continues to bubble
Asean Analysis                    May 12, 2014

• Asean Analysis May 12, 2014
Lao Dam Troubles Mekong Waters
Advertise Your Brand

Asean Stock Watch    May 9, 2014
• Asean Stock Watch-May 9, 2014
The Biweekly Update
• The Biweekly Update  May 2, 2014

ASEAN NEWS UPDATES      Updated: 04 January 2011

 • Women Shariah scholars see gender gap closing
• Bank Indonesia may hold key rate as inflation hits 7 percent
• Bursa Malaysia to revamp business rules
• Private property prices hit new high in Singapore • Bangkok moves on mass transport
• Thai retailers are upbeat
• Rice exports likely to decline • Vietnamese PM projects 10-year socioeconomic plan


This year in Thailand-what next?

AseanAffairs   04 January 2011
By David Swartzentruber      

It is commonplace in journalism to write two types of articles at the transition point between the year that has passed and the New Year. As this writer qualifies as an “old hand” in observing Thailand with a track record dating back 14 years, it is time take a shot at what may unfold in Thailand in 2011.

The first issue that can’t be answered is the health of Thailand’s beloved King Bhumibol, who is now 83 years old. He is the world's longest reigning monarch, but elaborate birthday celebrations in December failed to mask concern over his health. More






1.  Verifier

1. Verifier

For security purposes, we ask that you enter the security code that is shown in the graphic. Please enter the code exactly as it is shown in the graphic.
Your Code
Enter Code

Home | About Us | Contact Us | Special Feature | Features | News | Magazine | Events | TV | Press Release | Advertise With us

Our Products | Work with us | Terms of Use | Site Map | Privacy Policy | Refund Policy | Shipping/Delivery Policy | DISCLAIMER |

Version 5.0
Copyright © 2007-2015 TIME INTERNATIONAL MANAGEMENT ENTERPRISES CO., LTD. All rights reserved.
Bangkok, Thailand