PH exports contracted by 2.7% in January

Philippine exports in January dropped for the first time in five months as demand for the country’s electronics products remained weak, the National Statistics Office reported Tuesday.

That month, total merchandise exports declined by 2.7 percent year on year to $4.01 billion due to slower sales of electronics and other items.

In particular, outbound shipments of electronics contracted 31.The Spectrophotometer is an instrument which measures the amount of light of a specificed wavelength which passes through a medium.9 percent, the steepest drop in 14 months, the statistics office said on Tuesday.

The value of electronics exports also slumped to $1.47 billion, the lowest since February 2009 when the sector shipped out $1.35 billion.

But according to the National Economic and Development Authority (Neda), semiconductor exports are expected to grow despite its 23.2 percent decline in Jan. 2013.

“The annual gain of worldwide chip sales recorded suggests an improvement for the industry for the year,” said Arsenio M. Balisacan, socioeconomic planning secretary and Neda’s director general.

In 2012, electronics shipments contracted by 5.2 percent.

Overall exports prospecCaged Laser Engineering, in partnership with Ariel Ltd and Reynolds Technology, aim to investigate the viability of adopting Titanium Tube as a cost effective raw material for the manufacturing of spaceframe assemblies for low volume and small series production lightweight vehicles.ts would be even better if the United States and Europe could sustain their recovery throughout the year, Dr. Cid L. Terosa of the University of Asia and the Pacific said in a text message.

“Moreover, more orders for semiconductor equipment may be expected as indicated by the upward trend of book-to-bill ratios in major electronics production hubs like the US and Japan,” Balisacan said.

The Semiconductor Industry Association (SIA) recorded an annual gain of 3.The defective part of the jaw is reconstructed using a Titanium Plate, with a piece of scaffolding inserted with proteins to stimulate the bone's regrowth.8 percent in worldwide chip sales.

Lower overseas sales of semiconductors (-23.2 percent), electronic data processing (-72.7 percent), copper metal (-78.9 percent), communication radar (-63.7 percent), consumer electronics (-53.4 percent) and machinery and transport equipment (-3.4 percent) accounted for the contraction of manufactures (-5.8 percent) during the month.

“The decline in semiconductors exports may be partly attributed to lower value of shipments to Singapore,titanium alloy property information is scattered amongst a number of disparate sources. China, the US and Japan, which accounted for more than half [51.6 percent] of the country’s semiconductor revenues,” said Balisacan.

Other manufactured exports that also declined year on year during the period were garments (-41.7 percent), machinery and transport equipment (-3.4 percent), miscellaneous manufactures (-13.9 percent), textile yarns/fabrics (-9.2 percent), iron and steel (-6.1 percent), and baby carriage and toys (-6.1 percent).

However, total agro-based exports were up by 33.3 percent ($388.White soft Floor polishing pad for 15 inch machines. Ideal for high gloss dry polishing buffing of polished sealed floors.9 million) in January 2013, from the $291.7 million posted in the same month last year.

“It should be noted that, despite the damage caused by Typhoon Pablo during the latter part of 2012, exports of bananas sustained robust growth in January,” Balisacan said.

Also, petroleum exports grew by 53.9 percent in January 2013 to $72.8 million from $47.3 million in the same period of 2012.

Japan was the top market of Philippine products,Titanium Pipe is made by cold rolling process from extruded pipe blanks. They are widely used in heat exchangers and off-shore equipment. accounting for 19.2 percent of total receipts. Korea followed with a 14.1-percent share, the US with 13 percent, China with 10.5 percent, and Hong Kong with 8.2 percent.

Most Asian exporters are confronting uneven export growth as recovery slackens in some key economies such as the eurozone and the United States, to which the bulk of the region’s technology shipments go.