The country’s exports for September grew by 4.9 percent to $5 billion from the same period last year, according to the Merchandise Export data for the month from the National Statistics Office (NSO).
“The positive growth was mainly brought by the increase of eight out of the top 10 commodities for the month,” the NSO said.
The state-controlled statistical body said that the eight improving commodity sectors included other mineral products; cathodes and sections of cathodes of refined copper; other manufactures such as button, pins and the likes; ignition wiring set and other wiring sets used in vehicles, aircrafts and ships; metal components; electronic products; articles of apparel and clothing accessories; and chemicals.
“On a monthly basis, [product exports]increased by 10.1 percent [in September]from $4.8 billion posted in August. Total merchandise exports for January to September registered a 0.1-percent decrease to $40 billion in 2013 from $40.1 billion in same period of last year,” the NSO said.
Among the Philippines’ top export products, electronics and semiconductors took up a 70.5-percent share, or $3.5 billion of the total $5-billion export for September. Broken down, electronics got a 41.7-percent share, or $2.1 billion, while semiconductors had a 28-percent share, or $1.4 billion.
The NSO said that the electronics exports rose 12.8 percent compared to figures in September 2012, while semiconductors exports dropped 3.9 percent compared to last year’s data.
The other top export products of the country were manufactured items totaling to $456.4 million, woodcrafts and furniture with $271.5 million, ignition wiring set and other wiring sets used in vehicles with $185.5-million total export revenues, and metal components with $170.8 million.
Japan, including southern island Okinawa, remained the top export destination of the country, taking 22.4-percent share of the country’s exports for the month totaling to $1.1 billion.
Japan was followed by the United States with a 15-percent share to total exports valued at $755.1 million, China with 13-percent share amounting to $653.9 million, Hong Kong with 10.1-percent share worth $511.7 million and Singapore with 6.9-percent share valued at $345.8 million.