Philippine Export of Coconut Products Down in May

Official data from the Philippine Statistics Authority show the Philippines exported in May 125,876 MT of coconut poducts expressed in copra terms.  This cut by 32.8% May last year shipment at 185,023 MT.  Gross export receipts amounted to USD124.797 million, recording a shortfall of 15.5% from last year at USD147.660 million.

Export of coconut oil plunged 38.6% year-on-year to 61,743 MT from 100,580 MT while copra meal climbed 13.8% to 15,331 MT from 13,468 MT.  Desiccated coconut reduced shipment by 10.0% to 10,723 MT from 11,918 MT while oleochemicals shot up 62.5% to 11,293 MT as copra from 6,947 MT.   

Other products performed as follows, in MT: coco shell charcoal 6,449 (-11.4% from 7,279 last year), activated carbon 5,782 (-21.8% from 7,399), virgin coconut oil 2,007 (-9.9% from 2,228), coco water 9,124 liters (-99.9% from 9.603 million liters), fresh coconuts 37 ( 72.7% from 135), Others 22,369 (+107.2% from 10,796).

January-May export reached 731,648 MT in copra terms, a drop by 13.5% from 845,864 MT at the same time last year.  Desiccated coconut and oleochemicals were growth sectors, topping respective last year totals by 7.8% and 73.4%.  Breakdown is as follows, in MT: coconut oil 382,237 (467,572 last year), copra meal 102,014 (125,169), desiccated coconut 58,374 (54,131), oleochemicals as copra 34,673 (19,996);

Coco shell charcoal 34,375 (29,344), activated carbon 31,513 (34,790), virgin coconut oil 8,626 (8,658), coco water 7.901 million liters (35.921 million), fresh coconuts 111 (1,075), Others 107,508 (61,468).