Saturday, August 17, 2019

Electronics still top export for Central Luzon

THE electronics sector of Central Luzon still remains to be the top performing export sector in 2018, accounting for $4.825 billion or 58.87 percent of the total value of exports of the region.

Machinery/transport equipment/apparatus followed with a total value of $1.682 billion, while export of other consumer manufacture from the region totaled $411.769 Million. Total export for the region in 2018 was valued at $8.195 billion, slightly lower than the 2017 total of $8.252 Billion.

Pampanga remained the top source of exports for Central Luzon, particularly because of the presence of electronics manufacturing companies in the Clark Freeport area. The province exported $4.915 billion worth of goods or 60 percent of the total export value of the region.

Zambales followed Pampanga with an export value of $2.101 billion, while Bataan had $731 Million in export. Tarlac’s export amounted to $415.216 Million while Bulacan had $ 33.177 Million and Nueva Ecija exported $43,010 worth of goods.

Based on the records of the one stop shop export declaration centers, the Clark Development Corporation, the Subic Bay Metropolitan Authority, the Luisita Industrial Park Corp. and the Authority of the Freeport of Bataan, the following companies were listed as the top exporters of Central Luzon in 2018: SFA Semiconductor Phils. Corp (Pampanga), Hanjin Heavy Industrial Corp. Inc. (Zambales), Linberg Subic Inc. (Zambales), L & T International Group Phils., Inc. (Pampanga) and HLD Clark Steel Pipe Co. Inc.(Pampanga).

The United States remained the top destination for the exports of the region with 25.14 percent of the total, while China followed with 19.18 percent of the total export value of Central Luzon. Other top export destinations for the region are Hongkong (13.8 percent), Japan (8.06 percent), South Korea (6.08 percent) and Taiwan (4.95 percent).

Most of the exported products to these countries are electronics, machinery/transport equipment/apparatus, other industrial manufacture, garments and textiles, and gifts toys and houseware. Other countries of destination for Central Luzon exports are Germany, Malaysia, Singapore and Thailand. The region exported mainly electronics, metal manufacture and processed food to these countries. (PR)


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