NSCB - 2nd Quarter 2009 National Accounts - Exports of Goods and Services

Second Quarter 2009
Gross National Product & Gross Domestic Product
by Expenditure Shares

Total Merchandise Exports contracts

The country’s total merchandise exports reversed its growth of 5.9 percent registered in 2008 to negative 22.4 percent. The weak performance of the sector was attributed to the slump in both Principal Merchandise Exports and Other Exports (which include electronic products) to negative 26.5 percent from negative 6.7 percent and negative 21.8 percent from a growth of 18.1 percent, respectively. The negative growth of Others was the lowest since the fourth quarter of 1998.

The principal exports that pulled down the growth of Merchandise Exports were: Semiconductors and Electric Microcircuits, plunged deeper to negative 27.0 percent from negative 11.0 percent; Finished Electrical Machinery, negative 27.8 from negative 13.7 percent; Garments, negative 32.1 percent from a growth of 6.2 percent; Gold from Copper Ores, negative 62.1 percent from 8.0 percent; and, Crude Coconut Oil, negative 35.3 from 7.1 percent;

The top Merchandise Exports that contributed to the growth were: Desiccated Coconut, 25.3 percent from negative 1.3 percent; Copra Oil and Cake, 84.0 percent from negative 5.9 percent; Cathodes & Section of Cathodes of Refined Copper, grew, albeit slower, by 4.5 percent from 9.0 percent; Petroleum Naphtha, rebounded to 23.3 percent from negative 33.8 percent; and, Prepared Tuna, 4.5 percent from 46.3 percent.

Exports of Non-Factor Services increases

Exports of Non-Factor Services accelerated to 15.2 percent in the second quarter of 2009 from 7.3 percent recorded last year. Miscellaneous Services, which includes business process outsourcing services, buoyed the growth of the sector with its robust growth of 42.6 percent from 19.3 percent.

On the other hand, the growth of the sector was pulled down by the lackluster performance of the following sub sectors: Transportation Services, plunged deeper to negative 34.0 percent from negative 13.0 percent; Insurance reversed to negative 75.6 percent from 106.1 percent; and, Travel turned to negative 2.2 percent from 5.2 percent.

TOP TEN MERCHANDISE EXPORTS
2nd Quarter 2008 and 2nd Quarter 2009
FOB Value in million pesos

At Constant 1985 Prices

ITEMS	2nd Qtr 2008	2nd Qtr 2009	Growth Rate (%)
1. Garments	10,380	7,047	-32.1
2. Semiconductors and electronic microcircuits	19,500	14,233	-27.0
3. Finished elect'l machy	15,201	10,972	-27.8
4. Other prods. manufactured	763	742	-2.7
5. Ignition wiring sets	458	337	-26.3
6. Crude coconut oil	2,424	1,569	-35.3
7. Cathodes & Section of Cathodes, of Refined Copper*	2,018	2,110	4.5
8. Shrimps and prawns	308	193	-37.3
9. Gold from copper ores	1,580	599	-62.1
10. Banana and plantains	1,692	1,212	-28.4

At Current Prices

ITEMS	2nd Qtr 2008	2nd Qtr 2009	Growth Rate (%)
1. Garments	20,470	16,744	-18.2
2. Semiconductors and electronic microcircuits	165,213	129,644	-21.5
3. Finished elect'l machy	34,285	27,008	-21.2
4. Other prods. manufactured	6,695	7,875	17.6
5. Ignition wiring sets	9,503	8,077	-15.0
6. Crude coconut oil	9,369	3,413	-63.6
7. Cathodes & Section of Cathodes, of Refined Copper*	16,204	10,415	-35.7
8. Shrimps and prawns	814	525	-35.5
9. Gold from copper ores	5,155	2,227	-56.8
10. Banana and plantains	5,076	4,639	-8.6

*Formerly Bars, Rods of Copper

EXPORTS OF GOODS AND SERVICES
2nd Quarter 2008 and 2nd Quarter 2009
FOB Value in million pesos

I T E M S	At Current Prices			At Constant 1985 Prices
I T E M S	2nd Qtr 2008	2nd Qtr 2009	Growth Rate (%)	2nd Qtr 2008	2nd Qtr 2009	Growth Rate (%)
Total Exports	710,656	626,356	-11.9	185,374	155,725	-16.0
A. Merchandise Exports	561,929	446,380	-20.6	153,905	119,489	-22.4
B. Non-Factor Services	148,727	179,976	21.0	31,469	36,237	15.2

EXPORTS OF GOODS AND SERVICES
Annual 2007 and 2008
FOB Value in million pesos

I T E M S	At Current Prices			At Constant 1985 Prices
I T E M S	2007	2008	Growth Rate (%)	2007	2008	Growth Rate (%)
Total Exports	2,826,574	2,736,310	-3.2	676,098	663,324	-1.9
A. Merchandise Exports	2,295,667	2,177,527	-5.1	553,772	544,698	-1.6
B. Non-Factor Services	530,907	558,783	5.3	122,325	118,626	-3.0

Source: National Statistical Coordination Board (NSCB).

Posted 27 August 2009.