NSCB - 4th Quarter 2009 National Accounts - Exports of Goods and Services

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

Total Exports down

Total Exports went down, albeit slower, by 10.0 percent from the negative 11.5 percent growth registered in the fourth quarter of the previous year as both Merchandise Exports and Non Merchandise Exports suffered reversals in growth.

Merchandise Exports declines

Total Merchandise Exports declined, albeit slower, by 9.1 percent from negative 9.4 percent in the same quarter of last year as both Monetization of Gold and Principal Merchandise Exports posted declines of 56.1 percent from a growth of 190.8 percent and 3.1 percent from negative 16.7 percent, respectively.

Growth of Merchandise Exports was pulled down by the following commodities: Semiconductors and Electric Microcircuits, negative 17.9 percent from negative 23.8 percent; Garments, negative 16.0 percent from negative 8.0 percent; Banana and Plantains, negative 45.2 percent from negative 1.5 percent; Desiccated Coconut, negative 52.5 percent from a growth of 35.3 percent; and, Gold from Copper Ores, negative 73.7 percent from 23.4 percent.

On the other hand, the top five Merchandise Exports which posted positive growths were: Finished Electrical Machinery, rebounded to 13.8 percent from negative 31.2 percent; Transmission Apparatus; ballooned to 157.1 percent from 28.2 percent; Iron Agglomerates, turned around to 185.9 percent from negative 36.3 percent; Copra Oil, Cake & Meal, expanded by 194.4 percent from negative 56.9 percent; and, Other Products Manufactured, 26.7 percent from negative 30.9 percent.

Export of Non-Factor Services down

Exports of Non-Factor Services shrank to, albeit lower, negative 13.9 percent from negative 19.4 percent in the previous year. Contributing to the fall of the Sector were: Miscellaneous Services, negative 13.8 from a growth of 4.0 percent; Transportation, negative 40.8 percent from negative 18.1 percent; and Travel, negative 9.2 percent from negative 43.4 percent.

On the other hand, the rebound of Insurance by 115.0 percent from negative 55.2 percent softened the decline of the sector.

TOP TEN MERCHANDISE EXPORTS
4th Quarter 2008 and 4th Quarter 2009
FOB Value in million pesos

At Current Prices

ITEMS	4th Qtr 2008	4th Qtr 2009	Growth Rate (%)
1. Garments	20,982	18,963	-9.6
2. Semiconductors and electronic microcircuits	139,526	107,923	-22.7
3. Finished elect'l machy	33,586	36,688	9.2
4. Other prods. manufactured	8,127	8,292	2.0
5. Ignition wiring sets	10,695	10,561	-1.2
6. Crude coconut oil	7,086	5,598	-21.0
7. Cathodes & Section of Cathodes, of Refined Copper*	11,770	11,134	-5.4
8. Shrimps and prawns	796	781	-1.9
9. Gold from copper ores	4,448	1,572	-64.7
10. Banana and plantains	4,426	2,411	-45.5

At Constant 1985 Prices

ITEMS	4th Qtr 2008	4th Qtr 2009	Growth Rate (%)
1. Garments	9,468	7,950	-16.0
2. Semiconductors and electronic microcircuits	12,235	10,044	-17.9
3. Finished elect'l machy	11,138	12,674	13.8
4. Other prods. manufactured	297	376	26.7
5. Ignition wiring sets	673	673	0.0
6. Crude coconut oil	2,959	2,545	-14.0
7. Cathodes & Section of Cathodes, of Refined Copper*	873	526	-39.8
8. Shrimps and prawns	357	410	15.0
9. Gold from copper ores	1,182	311	-73.7
10. Banana and plantains	3,013	1,650	-45.2

*Formerly Bars, Rods of Copper

EXPORTS OF GOODS AND SERVICES
4th Quarter 2008 and 4th Quarter 2009
FOB Value in million pesos

I T E M S	At Current Prices			At Constant 1985 Prices
I T E M S	4th Qtr 2008	4th Qtr 2009	Growth Rate (%)	4th Qtr 2008	4th Qtr 2009	Growth Rate (%)
Total Exports	629,378	590,926	-6.1	135,745	122,121	-10.0
A. Merchandise Exports	505,418	479,098	-5.2	109,750	99,749	-9.1
B. Non-Factor Services	123,960	111,827	-9.8	25,995	22,372	-13.9

EXPORTS OF GOODS AND SERVICES
Annual 2008 and 2009
FOB Value in million pesos

I T E M S	At Current Prices			At Constant 1985 Prices
I T E M S	2008	2009	Growth Rate (%)	2008	2009	Growth Rate (%)
Total Exports	2,736,310	2,401,580	-12.2	663,324	569,294	-14.2
A. Merchandise Exports	2,177,527	1,801,764	-17.3	544,698	447,941	-17.8
B. Non-Factor Services	558,783	599,816	7.3	118,626	121,352	2.3

Source: National Statistical Coordination Board (NSCB).

Posted 28 January 2010.