Performance of Philippine Top Non-Traditional Coco Products Exports in FebruaryThursday, May 30, 2019
Data from the Philippine Statistics Authority show 14 non-traditional coconut products generated export revenue of more than USD100,000 during the month to qualify in the top non-traditional export products category. The top five non-traditional exports revealed respective earnings of more than USD1.000 million: coconut water, virgin coconut oil, glycerin, coco milk liquid and coco milk powder.
COCONUT WATER, this month’s top non-traditional export product, generated USD6.192 million from shipment of 5.780 million liters. The volume was 5.7% lower than last year at 6.127 million liters. The US was primary destination controlling 3.388 million liters (58.6% of total), followed far behind by United Kingdom at 845,264 liters (14.6%), Australia 449,209 liters (7.8%), Netherlands 281,239 liters (4.9%), China 251,240 liters (4.3%) and United Arab Emirates 99,067 liters (1.7%). Six other countries shared the balance of 466,054 liters (8.1%).
VIRGIN COCONUT OIL had gross export receipts of USD5.428 million from sale of 1,660 MT and settled in the second place. Total load was 30.7% higher than year-ago at 1,271 MT. Germany was the biggest buyer at 537 MT (32.3%), followed by US at 479 MT (28.9%), and Canada 302 MT (18.2%). Smaller volumes went to Malaysia 65 MT (3.9%), United Kingdom 59 MT (3.5%), South Africa 57 MT (3.4%) and 10 other countries with combined import of 161 MT (9.7%).
GLYCERIN, which took the third spot, had income of USD1.802 million. Tonnage at 2,876 MT increased by 43.7% from the previous year at 2,001 MT. China was major market at 1,388 MT (48.3 %), trailed by Japan at 1,229 MT (42.7%). Limited volumes went to Vietnam at 82 MT (2.9%), Russia 64 MT (2.2%) and five other countries sharing 113 MT (3.9%).
Fourth in rank COCO MILK LIQUID recorded proceeds of USD1.425 million from delivery of 780 MT, a sharp increase by 62.4% from 480 MT in prior year. The US was leading destination at 275 MT (35.3%), trailed by Malaysia at 250 MT (32.0%), with smaller volumes going to Australia 67 MT (8.6%) and United Kingdom 57 MT (7.3%). Five other countries shared the remainder of 130 MT (16.7%).
Fifth placer COCO MILK POWDER had turnover of USD1.413 million from overseas purchases of 276 MT. The shipment substantially increased by 81.4% from same period last year’s 152 MT. Top six destinationas were: USA 80 MT (28.9%), Australia 45 MT (16.3%), Japan 42 MT (15.2%), Germany 28 MT (10.0%), France and Taiwan at 25 MT apiece (9.1%). Four country importers shared the remaining 31 MT (11.4%).
The top six export, FRESH COCONUT, registered earnings of USD860,216 from cargo of 425,356 nuts (49,000 nuts year-ago). There were four country destinations led by US at 328,611 nuts (77.3%), trailed by Hong Kong 85,000 nuts (20.0%), Japan 7,245 nuts (1.7%) and Guam 4,500 nuts (1.1%).
HYDROGENATED COCONUT OIL landed seventh and turned in USD775,577 from delivery of 233 MT (no export recorded year-ago). The US was leading destination at 142 MT (61.1%), followed far behind by Canada at 24 MT (10.5%), France and Malaysia at 18 MT apiece (7.9%) while five other countries shared the balance of 30 MT (12.7%).
TOILET/BATH SOAP which earned USD716,461 from external trade of 329 MT (102 MT) filled in the eighth place. Vietnam was the primary destination capturing 180 MT (53.0%), followed by Thailand at 79 MT (23.4%), Malaysia 27 MT (7.9%), Kiribati 15 MT (4.4%), United Arab Emirates 13 MT (3.8%), Sri lanka 10 MT (2.9%). Six other countries together took in 15 MT (4.5%).
COCONUT FLOUR rounded up the top nine non-traditional exports contributing USD411,084. Tonnage at 314 MT rose by 27.2% from previous year at 247 MT. The US was top destination cornering 176 MT (56.1%), followed by Australia 78 MT (24.7%), with smaller deliveries going to Germany 38 MT (12.2%), South Korea 20 MT (6.4%) and three other countries sharing the balance of 2 MT.
BIODIESEL held the 10th position with shipment value at USD365,224 from transactions involving 309 MT. Volume shot up 37.5% from 225 MT year-ago. There were only five country buyers: South Korea at 81 MT (26.1%), Japan 73 MT (23.7%), Spain 71 MT (23.0%), and Germany and Hong Kong at 42 MT apiece (13.6%).
Completing the top 14 non-traditional exports were: coir & coir products, peat/dust, fatty acid distillates and shampoo. COIR & COIR products had revenue of USD289,837 from trade of 1,154 MT (1,090 MT). There were only two country destinations with China as almost an exclusive market at 1,121 MT (97.1%), and South Korea at 33 MT (2.9%).
PEAT/DUST generated USD255,377 in foreign exchange income from total volume of 4,175 MT (2,105 MT). As in coir and coir products, China virtually absorbed all of the month’s shipment with 4,082 MT (97.8%); South Korea likewise was the other market with 93 MT (2.2%).
FATTY ACID DISTILLATES contributed USD236,618 from shipment of 712 MT (no export recorded year-ago). There were only three country buyers: China at 550 (77.3%), Pakistan 120 MT (16.8%) and India 42 MT (5.9%).
SHAMPOO earned USD135,858 from imports of 25 MT (45 MT). Mongolia was top importer at 9 MT (36.3%), trailed by Japan at 8 MT (31.4%), Fiji 5 MT (21.2%), Australia 2 MT (7.7%) and two other countries which shared 1 MT.