National Accounts of the Philippines - Highlights - Exports of Goods

National Accounts of the Philippines

Untitled Document

 

1st Quarter 2015
Gross National Income & Gross Domestic Product
by Expenditure Shares

 

Exports of Goods

Exports of Goods slows down

The country’s total Exports of Goods increased by 1.2 percent in the first quarter of 2015 from 14.6 percent in 2014. 

The increase in the total Exports of Goods was fueled by the following commodities: Semiconductors, 13.9 percent from negative 0.9 percent; Coconut oil, 69.3 percent from negative 39.2 percent; Articles of apparel and clothing accessories, 17.2 percent from 13.3 percent; Ignition wiring sets, 16.9 percent from 13.4 percent; and Telecommunication, 16.2 percent from 25.6 percent.

The following commodities pulled down total exports’ growth: Bananas, including plantains, fresh or dried, negative 64.1 percent from 50.2 percent; Control instrumentation, negative 44.7 percent from 87.6 percent; Electronic data processing, negative 8.3 percent from 166.2 percent; Sugar, negative 78.3 percent from negative 45.4 percent; and Automotive electronics, negative 53.7 percent from negative 49.7 percent.

 

EXPORTS OF GOODS
1st Quarter 2014 and 1st Quarter 2015
AT CURRENT PRICES, IN MILLION PESOS

ITEMS Q1 2014 Q1 2015 Growth Rate (%)
TOTAL EXPORTS OF GOODS 565,960 530,771 -6.2
       
Principal Exports of Goods 325,277 323,933 -0.4
       
     Electronic Components 220,845 226,887 2.7
          Components/Devices (Semiconductors) 131,082 147,094 12.2
           Electronic Data Processing 44,247 41,002 -7.3
           Office Equipment 15,713 16,161 2.9
           Consumer Electronics 1,705 2,196 28.8
           Telecommunication 5,391 6,114 13.4
           Communication/Radar 1,416 1,763 24.5
           Control Instrumentation 15,787 8,689 -45.0
           Medical/Industrial Instrumentation 991 1,808 82.5
           Automotive Electronics 4,514 2,060 -54.4
       
     Principal Agricultural Products 34,912 27,980 -19.9
          Bananas, including Plantains, Fresh or           Dried 14,989 5,334 -64.4
          Coconut Oil 8,855 12,780 44.3
          Copra Oil Cake or Meal 2,276 700 -69.3
          Dessicated Coconut 2,858 2,101 -26.5
          Mango, Fresh or Dried 439 1,007 129.4
          Pineapple and Pineapple Products 3,717 5,618 51.1
          Sugar 1,779 442 -75.2
       
     Principal Fishery Products 8,026 4,128 -48.6
          Shrimps and Prawns 1,852 968 -47.7
          Tuna 6,174 3,160 -48.8
       
     Articles of Apparel and Clothing      Accessories 18,359 21,161 15.3
     Basketworks 1,304 1,303 0.0
     Cathodes & Sections of Cathodes, of      Refined Copper   0 6,106 -
     Ignition Wiring Sets 19,000 20,229 6.5
     Metal Components 19,323 14,890 -22.9
     Other Products Manufactured from      Materials on  Consignment Basis* - - -
     Petroleum Products 3,508 1,248 -64.4
       
     Others** 240,683 206,838 -14.1

Notes:
* Starting 2011, Manufactured Products on Consignment Basis are not treated as exports of goods following the recommendation of the 2008 System of National Accounts (SNA), rather it is treated as exports of processing services under the Exports of Services. NSCB will back track the series as soon as the revised Balance of Payments (BOP) data for the years prior to 2011 are released by the Bangko Sentral Ng Pilipinas, reflecting its adoption of the Balance of Payments Manual 6 (BPM6). Hence, at present there is a break in the National Accounts for this item from 2010 backwards.
** Includes Merchanting following the recommendation of the 2008 SNA. This item used to be part of Exports of Services.

 

EXPORTS OF GOODS
1st Quarter 2014 and 1st Quarter 2015
AT CONSTANT 2000 PRICES, IN MILLION PESOS

ITEMS Q1 2014 Q1 2015 Growth Rate (%)
TOTAL EXPORTS OF GOODS 627,335 634,809 1.2
       
Principal Exports of Goods 354,796 382,180 7.7
       
     Electronic Components 293,482 319,033 8.7
          Components/Devices (Semiconductors) 225,702 256,969 13.9
           Electronic Data Processing 36,091 33,091 -8.3
           Office Equipment 11,093 11,331 2.1
           Consumer Electronics 2,076 2,685 29.3
           Telecommunication 5,462 6,347 16.2
           Communication/Radar 1,318 1,682 27.6
           Control Instrumentation 8,195 4,533 -44.7
           Medical/Industrial Instrumentation 554 1,009 82.1
           Automotive Electronics 2,990 1,385 -53.7
       
     Principal Agricultural Products 16,688 13,672 -18.1
          Bananas, including Plantains, Fresh or Dried 7,230 2,596 -64.1
          Coconut Oil 4,194 7,100 69.3
          Copra Oil Cake or Meal 496 182 -63.4
          Dessicated Coconut 848 731 -13.8
          Mango, Fresh or Dried 183 348 89.8
          Pineapple and Pineapple Products 1,540 2,240 45.4
          Sugar 2,196 476 -78.3
       
     Principal Fishery Products 3,076 1,566 -49.1
          Shrimps and Prawns 1,136 595 -47.6
          Tuna 1,940 971 -50.0
       
     Articles of Apparel and Clothing Accessories 16,092 18,858 17.2
     Basketworks 792 791 -0.2
     Cathodes & Sections of Cathodes, of Refined      Copper   0 2,954 -
     Ignition Wiring Sets 11,261 13,165 16.9
     Metal Components 12,549 11,526 -8.2
     Other Products Manufactured from Materials on
     Consignment Basis*
- - -
     Petroleum Products 857 615 -28.2
       
     Others** 272,538 252,629 -7.3

Notes:
* Starting 2011, Manufactured Products on Consignment Basis are not treated as exports of goods following the recommendation of the 2008 System of National Accounts (SNA), rather it is treated as exports of processing services under the Exports of Services. NSCB will back track the series as soon as the revised Balance of Payments (BOP) data for the years prior to 2011 are released by the Bangko Sentral Ng Pilipinas, reflecting its adoption of the Balance of Payments Manual 6 (BPM6). Hence, at present there is a break in the National Accounts for this item from 2010 backwards.
** Includes Merchanting following the recommendation of the 2008 SNA. This item used to be part of Exports of Services.

EXPORTS OF GOODS
Annual 2013 and 2014
AT CURRENT AND CONSTANT 2000 PRICES, IN MILLION PESOS

ITEMS At Current Prices At Constant Prices
2013 2014 Growth Rate
(%)
2013 2014 Growth Rate
(%)
TOTAL EXPORTS OF GOODS 2,104,278 2,387,344 13.5 2,417,822 2,726,442 12.8
 
Principal Exports of Goods 1,306,282 1,440,847 10.3 1,566,309 1,705,020 8.9
 
     Electronic Components 872,172 988,076 13.3 1,259,976 1,397,360 10.9
          Components/Devices
           (Semiconductors)
643,680 695,402 8.0 985,302 1,062,713 7.9
           Electronic Data
           Processing
121,982 163,990 34.4 151,692 188,260 24.1
           Office Equipment 22,758 35,693 56.8 22,998 32,297 40.4
           Consumer Electronics 13,493 15,798 17.1 22,044 25,938 17.7
           Telecommunication 14,571 16,962 16.4 20,134 24,088 19.6
           Communication/Radar 8,670 11,966 38.0 11,551 16,419 42.1
           Control
           Instrumentation
22,606 34,978 54.7 24,834 35,484 42.9
           Medical/Industrial
           Instrumentation
1,890 3,637 92.4 2,009 4,146 106.4
           Automotive
           Electronics
22,523 9,650 -57.2 19,412 8,015 -58.7
             
     Principal Agricultural      Products 127,887 148,034 15.8 73,934 66,611 -9.9
          Bananas, including
          Plantains, Fresh or
          Dried
41,256 51,401 24.6 25,174 27,348 8.6
          Coconut Oil 36,898 51,875 40.6 17,846 18,413 3.2
          Copra Oil Cake or Meal 9,565 6,226 -34.9 4,996 2,160 -56.8
          Dessicated Coconut 8,492 11,613 36.8 4,788 4,729 -1.2
          Mango, Fresh or Dried 2,448 4,546 85.7 1,277 2,552 99.8
          Pineapple and
          Pineapple Products
17,455 18,321 5.0 7,258 7,202 -0.8
          Sugar 11,774 4,052 -65.6 12,596 4,207 -66.6
             
     Principal Fishery Products 29,946 22,232 -25.8 22,187 14,255 -35.7
          Shrimps and Prawns 2,320 3,989 72.0 1,950 2,832 45.3
          Tuna 27,626 18,243 -34.0 20,237 11,423 -43.6
             
     Articles of Apparel and      Clothing Accessories 68,129 83,060 21.9 63,398 77,454 22.2
     Basketworks 2,429 3,099 27.6 2,710 2,737 1.0
     Cathodes & Sections of
     Cathodes, of Refined      Copper
27,024 18,587 -31.2 6,826 3,517 -48.5
     Ignition Wiring Sets 69,224 85,184 23.1 60,967 72,353 18.7
     Metal Components 73,617 73,760 0.2 66,312 65,657 -1.0
     Other Products      Manufactured from      Materials on Consignment      Basis - - - - - -
     Petroleum Products 35,853 18,815 -47.5 9,999 5,076 -49.2
         
     Others 797,996 946,497 18.6 851,513 1,021,422 20.0

Source: Philippine Statistics Authority

Posted: 28 May 2015


 

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Updated 28 January 2016

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