Philippine Export of Coconut Products Up in November 2021

Official data from the Philippine Statistics Authority show Philippine export of coconut products in November leaped 46.7% to 184,523 MT in copra terms from 125,760 MT in a similar month last year.  The figure is the highest monthly total so far recorded during the year.  Gross export receipts at USD247.923 million spiked 75.4% from last year at USD141.367 million (+75.4%).
All major exports but oleochemicals showed steep rise in volume traded.  Export of coconut oil jumped 50.6% year-on-year to its highest during the year at 95,115 MT from 63,150 MT.  Shipment of copra meal shot up 164.8% to 37,374 MT from 14,114 MT; the figure is the second highest next to September.  Desiccated coconut likewise leaped 66.3% to its highest for the year at 16,415 MT from 9,874 MT. By contrast, oleochemicals fell 20.4% to 8,167 MT as copra from 10,257 MT.
Other products performed as follows, in MT:  coco shell charcoal 12,310 (+74.0% from 7,077 last year), activated carbon 6,450 (+36.9% from 4,713), virgin coconut oil 1,920 (-33.0% from 2,865), coco water 35,407 liters (-56.1% from 80,662 liters), fresh coconuts 6 (-88.3% from 50), Others 19,081 (-38.7% from 31,118).
January-November export accumulated to 1,578,182 MT in copra terms, a fractional rise from 1,567,873 MT at the same time last year (+0.7%).  Corresponding revenue, however, rocketed 48.1% to USD2.247 billion from USD1.517 billion.  Commodity breakdown by volume is shown following, in MT: coconut oil 783,139 (786,349), copra meal 287,784 (173,488), desiccated coconut 149,108 (135,528), oleochemicals as copra 104,572 (110,165);
Coco shell charcoal 103,572 (77,604), activated carbon 68,080 (70,864), virgin coconut oil 28,080 (24,009), coco water 13.364 million liters (8.585 million liters), fresh coconuts 680 (712), Others 313,856 (295,950).