Performance of Philippine Top Non-Traditional Coco Products Exports in August

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 for the top non-traditional export products category. The top seven non-traditional exports had respective earnings of more than USD1.000 million: virgin coconut oil, coconut concentrates, hydrogenated coconut oil, coconut milk liquid, glycerin, fatty acid distillates and coco milk powder.

VIRGIN COCONUT OIL led the pack with earnings of USD8.466 million from export of 2,600 MT. The shipment leaped by 42.8% from previous year at 1,821 MT.  The United States was top market capturing 1,400 MT (53.8% of total sales).  Following far behind were Germany at 294 MT (11.3%), Canada 191 MT (7.3%), United Kingdom 103 MT (3.9%), Netherlands 101 MT (3.9%), and 18 other countries jointly responsible for 511 MT (19.7%).

COCONUT CONCENTRATES, the second biggest non-traditional export, generated USD6.743 million from shipment of 7,055 MT.  Volume sharply increased by 44.5% from year-ago at 4,883 MT.  The United States  was leading buyer responsible for 3,548 MT (50.3%), trailed by United Kingdom at 1,282 MT (18.2%), Netherlands 578 MT (8.2%), Canada 490 MT (6.9%), China 315 MT (4.5%), Australia 225 MT (3.2%), Hong Kong 102 MT (1.4%) and 15 other countries responsible for 516 MT (7.3%).

HYDROGENATED COCONUT OIL, which took the third spot, had income of USD4.203 million. Tonnage at 1,796 MT was more than four times the previous year at 419 MT (+328.3%).  The United States was the biggest market controlling 954 MT (53.1%).  Distance behind were United Kingdom at 472 MT (26.3%), Canada 122 MT (6.8%) and China 100 MT (5.6%).  Nine other countries took the remaining 148 MT (8.3%).

Fourth in rank, COCONUT MILK LIQUID recorded proceeds of USD2.089 million from delivery of 1,721 MT, rising more than two-folds in volume from 769 MT year-ago. Malaysia was market leader at 640 MT (37.2%), followed by United States at 345 MT (20.1%), United Kingdom 250 MT (14.5%), Netherlands 226 MT (13.1%), France 114 MT (6.6%) and three other countries which jointly held 146 MT (8.5%).

Fifth placer GLYCERIN had turnover of USD1.900 million from overseas purchases of 2,208 MT. Volume during the month steeply dropped by 59.3% from 5,425 MT in same period year-ago. Japan was primary market at 1,186 MT (53.7%).  Tracking far behind were China at 475 MT (21.5%), South Korea 239 MT (10.8%), India 100 MT (4.5%), and five other countries sharing the balance of 209 MT (9.5%).

The top six export, FATTY ACID DISTILLATES, registered earnings of USD1.657 million.  The cargo at 3,086 MT was a jump by 73.2% from 1,782 MT of the previous year. There were two only importing countries: China, which was almost an exclusive market with uptake at 3,005 MT (97.4%), and Pakistan at 278 MT (9.0%).

COCO MILK POWDER landed seventh and turned in USD1.481 million from delivery of 272 MT, more than double year-ago at 110 MT (+146.6%).  France was top market at 67 MT (24.5%), trailed by Australia at 57 MT (21.0%), Japan 55 MT (20.3%) and the United States 54 MT (20.0%). Five other countries absorbed the remaining of 39 MT (14.2%).

COCONUT ACID OIL which earned USD670,607 from external trade of 1,494 MT (423 MT year-ago) filled in the eighth place. All shipments went to China.

COCONUT OIL, OTHER with receipts of USD638,285 after trading 99 MT (11 MT) was number nine in the list. There were only three country destinations led by Canada at 75 MT (75.7%), the United States 17 MT (17.2%) and Malaysia 7 MT (7.1%).

COCO FLOUR held the tenth position with turnover of USD541,613 from transactions involving 516 MT (225 MT year-ago).  The United States was principal destination at 183 MT (35.5%), tracked by United Kingdom 83 MT (16.1%), Iraq 77 MT (15.0%), Australia 40 MT (7.7%), Netherlands 33 MT (6.3%), Mexico 32 MT (6.2%), Germany 30 MT (5.8%), Argentina 18 MT (3.4%) and seven other countries which shared 20 MT (3.9%).

Completing the top 14 non-traditional exports were: coir products, coco peat/dust, toilet/bath soap and nata de coco. COIR PRODUCTS generated USD517,975 with total volume at 1,928 MT (1,184 MT).  Almost all shipment went to China at 1,881 MT (97.5%), with Japan taking only limited load at 48 MT (2.5%).

COCO PEAT/DUST contributed USD483,813 from deals amounting to 8,734 MT. The cargo was 81.1% more than last year at 4,823 MT. There were four country destinations.  China took in almost all loads at 8,480 MT (97.1%) with the balance going to South Korea at 138 MT (1.6%), Malaysia 95 MT (1.1%) and Taiwan 20 MT (0.2%). 

TOILET/BATH SOAP recorded receipts of USD388,893 from purchases of 257 MT (230 MT).  Japan was leading destination at 100 MT (38.9%), followed by Vietnam at 48 MT (18.6%), Saudi Arabia 36 MT (14.2%), Thailand 28 MT (10.9%), Australia 20 MT (7.8%),while four other countries shared the balance of 25 MT (9.5%).

NATA DE COCO turned in USD241,806 from sale of 270 MT (141 MT). There were only six country destinations. Japan had the biggest order at 157 MT (58.1%), followed by China at 52 MT (19.2%), Hong Kong 28 MT (10.4%), South Korea 22 MT (8.0%), Singapore 6 MT (2.4%) and United States 5 MT (1.8%).