Saturday, September 21, 2019

Central Luzon export revenues at $8.195 billion

EXPORT revenues from Central Luzon region in 2018 reached $8.195 billion, slightly lower than the 2017 sales of $8.252 billion, according to the Department of Trade and Industry (DTI).

DTI Central Luzon Regional Director Judith Angeles said electronics remained the region’s top export product, with an export value of $4.825 billion.

Machinery/transport equipment/apparatus followed with a total value of $1.682 billion while other industrial manufactures brought in revenues of $411.769 million.

The top exporter among the provinces in the region was still Pampanga, Angeles said.

“Pampanga remained the top source of exports for Central Luzon due to the presence of electronics manufacturing companies in the Clark Freeport Zone. The province exported $4.915 billion worth of goods or 60 percent of the total export value of the region,” Angeles said.

It was followed by Zambales with an export value of $2.101 billion, Bataan with $731 million, Tarlac with $415.216 million, Bulacan with $33.177 million, and Nueva Ecija with $43,010.

The region’s top exporters in 2018 were SFA Semiconductor Phils. Corp. in Pampanga, Hanjin Heavy Industrial Corp. Inc. in Zambales, Linberg Subic Inc. in Zambales, L & T International Group Phils. Inc. in Pampanga, and HLD Clark Steel Pipe Co. Inc. in Pampanga.

“Basis of top exporters came from the records of the One Stop Shop Export Declaration Centers, Clark Development Corporation, Subic Bay Metropolitan Authority, Luisita Industrial Park Corporation, and the Authority of the Freeport of Bataan,” Angeles said.

The United States is the top destination of Central Luzon exports, as it cornered a fourth or 25.14 percent of the region’s export products.

Other top markets are China with 19.18 percent, Hong Kong with 13.85 percent, Japan with 8.06 percent, South Korea with 6.08 percent, and Taiwan with 4.95 percent.

Most of the export products to these countries are electronics, machinery/transport equipment/apparatus, other industrial manufactures, garments and textiles, and gifts, toys and housewares.

“Other countries of destination for Central Luzon exports are Germany, Malaysia, Singapore and Thailand. The region exported mainly electronics, metal manufactures and processed food to these countries,” Angeles said.


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