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Exports climb 15% in December, reach $53.97 billion in 2013

Export earnings last December posted a 15.8 percent growth to $4.59 billion from $3.97 billion recorded in the same period in 2012, the National Statistics Office (NSO) reported yesterday.  This was the seventh straight month exports registered robust growth on the back of double-digit rise growth in the shipment of electronics and other manufactured goods.

NSO attributed the growth to the increased earnings of six commodities –  manufactures, electronic equipment and parts, ignition wiring set and other wiring sets used in vehicles, aircrafts and ships, electronic products, other minerals and woodcrafts and furniture.

The total merchandise exports in 2013 registered a 3.6 percent increase to $53.97 billion from $52.1 billion in 2012.

Electronic products remained the country’s top export with total receipts of $1.905 billion, accounting for 41.4 percent of the total exports revenue in December, 2013, up 26.1 percent from $1.511 billion registered in December, 2012.

Semiconductors, which comprised 27.7 percent of the total exports, shared the biggest among the major groups of electronic products with export earnings worth $1.273 billion, up by 4.3 percent from $1.220 billion recorded in December, 2012.

Other manufactures was the second top export earner in December, 2013 with export revenue of $741.41 million, increasing by 109.6 percent from $353.69 million in December, 2012. This was the highest registered year-on-year increase among the top 10 exports in December, 2013.

Woodcrafts and furniture posted a 22.5 percent increase in revenue to $238.93 million from $195.05 million in 2012.

Ignition wiring set generated earnings amounting to $167.07 million in December, 2013, up by 38.2 percent from the previous year level of $120.87 million.

Chemicals, with 3.2 percent share to the total export receipts, ranked fifth with value posted at $146.20 million, down by 13 percent from $168.03 million recorded value during the same month in 2012.

Other top exports in December, 2013 were metal components with export earnings of $139.93 million, decreasing by 3.6 percent; machinery and transport equipment with export receipts of $122.32 million, down by 52.4 percent; apparel and clothing accessories with proceeds billed at $119.79 million, decreasing by 2 percent; electronic equipment and parts with export receipts of $108.58 million, rising by 49.1 percent; and other mineral products with total receipts of $100.45 million, registering a 23.9 percent growth.