Philippine Export of Coconut Products Up Sharply in January

Official figures from the Philippine Statistics Authority revealed the country’s export of coconut products shot up in January by 58.8% to 180,387 MT in copra terms from 113,592 MT at the same time last year.  Gross export receipts leaped even higher by 61.7% to USD259.109 million from USD160.221 million propelled largely by high coconut oil earnings. 

Export of coconut oil at 97,009 MT nearly doubled last year at 52,302 MT (+85.5%) with value at USD171.574 million rocketing 140.4% from USD71.364 million.  Copra meal shipment likewise leaped 96.1% to 38,916 MT from 19,849 MT with turnover at USD7.317 million posting 71.7% spike from USD4.262 million.  Desiccated coconut trade at 11,810 MT grew 12.2% from 10,523 MT but export proceeds hopped a higher 35.6% to USD30.613 million from USD22.583 million.  By contrast, oleochemicals fell 43.1% to 8,145 MT as copra from 14,304 MT; income likewise came down 22.7% to USD10.852 million from USD14.030 million.

Other products performed as follows, in MT:  coco shell charcoal 7,395 (+40.2% from 5,274 last year), activated carbon 5,873 (-4.8% from 6,170), virgin coconut oil 1,776 (-51.1% from 3,632), coco water 190 liters (-99.5% from 40,062 liters), fresh coconut 9 (-88.4% from 73), Others 17,001 (-34.1% from 25,814).