|
By Darwin G. Amojelar, Reporter
SALES of Philippine-made goods abroad slipped in
November owing to weak electronic shipments, the government said
Thursday. The National Statistics Office (NSO) reported that exports
in November went down by 2 percent to $3.951 billion from $4.031
billion in the same month in 2006. This was after a 10.5-percent
expansion in October when revenues reached P4.648 billion.
The November decline led the 11-month exports
performance to rise by just 4.76 percent, way below the government
target of 8 percent last year.
Electronics, which accounted for 61.3 percent of
the total shipments in November, dropped 4.5 percent to $2.422
billion from $2.535 billion in the same month in 2006.
Despite their continued decline, exports of
articles of apparel and clothing accessories registered $158.76
million in earnings during the period. Cathodes and section of
cathodes of refined copper turned in $97.58 million, while petroleum
product shipments yielded $89.84 million.
Rounding up the list of the top ten exports for
November were woodcrafts and furniture, $87.13 million; ignition
wiring set and other wiring sets used in vehicles, aircrafts and
ships, $72.83 million; coconut oil, $66.72 million; gold (extracted
from copper ores and concentrates), $48.00 million; other products
manufactured from materials imported on consignment basis, $46.28
million; and metal components, $41.48 million.
Receipts from the top 10 exports reached $3.131
billion, or 79.2 percent of the total.
The US remains the Philippines’ top market,
with export receipts of $749.54 million, up by 2.9 percent from
$728.31 million in November 2006.
This was followed by Japan with $592.53 million;
People’s Republic of China, $435.71 million; and Hong Kong,
$394.37 million.
Other top markets for November last year were
the Netherlands, $309.34 million; Singapore, $244.16 million;
Malaysia, $191.57 million; Germany, $172.70 million; Thailand,
$152.41 million; and Republic of Korea, $131.82 million.
Receipts from the top 10 markets amounted to
$3.374 billion, or 85.4 percent of the total.
|
