MERCHANDISE EXPORTS FOR DECEMBER 2010 UP BY 25.

3 PERCENT
 
The value of Philippine merchandise exports for December 2010 was estimated at $4.162 billion. It  represents a 25.3
percent increase from $3.321 billion recorded in December of 2009.   Month - on - month, receipts from merchandise
exports went up slightly by 0.4 percent from $4.146 billion posted in November 2010. Aggregate merchandise exports
in January to December of 2010, on the other hand, incremented by 33.7 percent to $51.393 billion from $38.436
billion estimated from the same period of 2009.
 
ELECTRONIC PRODUCTS HIGHER BY 19.4 PERCENT
 
Accounting for 54.2 percent of the total exports revenue in December 2010, Electronic Products was the country�s
top export with total receipts of $2.256 billion. It rose by 19.4 percent from $1.889 billion registered in December
2009.  Components/Devices (Semiconductors) which comprised 38.8 percent of the total exports, had the biggest
share from among the major groups of electronic products with export earnings worth $1.616 billion or an increase of
24.1 percent from $1.302 billion registered in December 2009.   On a monthly basis, Electronic Products, however,
decreased by 3.3 percent from $2.333 billion posted in November 2010.

Cathodes & Sections of Cathodes of Refined Copper followed as the second top earner in December 2010 with
total export receipts of $139.78 million or a share of 3.4 percent to the total exports revenue.  It registered the highest
annual growth of 419.8 percent from among the top ten exports from $26.89 million recorded in December 2009.    

Articles of Apparel and Clothing Accessories which comprised 3.3 percent share of total exports in December
2010 emerged as the country�s third top gainer with revenue valued at $137.91 million, an increase of 4.9 percent
from $131.51 million recorded during the same month in 2009.

Ranked fourth in December 2010 and contributing 2.7 percent share to the total export receipts was Woodcrafts and
Furniture with revenue amounting to $113.05 million. This figure expanded by 65.7 percent from its year ago level of
$68.21 million.

Coconut Oil (including crude and refined) with 2.5 percent share to the total export receipts ranked fifth with value
posted at $105.32 million or an equivalent  20.5 percent increment from $87.40 million posted in December 2009.

Rounding up the list of the top ten exports for the month of December 2010 were Ignition Wiring Set and Other
Wiring Sets Used in Vehicles, Aircrafts and Ships (consisting only of electrical wiring harness for motor vehicles)
with export revenue of $98.59 million grew by 15.1 percent; Petroleum Products (including refined petroleum
products, manufactured from crude petroleum oil imported on consignment basis) with export earnings of $72.39
million accelerated by 107.1 percent; Metal Components (excluding brakes and servo � brakes) with export receipts
of $66.43 million climbed to 40.1 percent growth rate; Other Products Manufactured from Materials Imported on
Consignment Basis with recorded sales amounting to $57.96 million improved by 6.1 percent; and  Bananas
(Fresh) with proceeds billed at $45.19 million was up by 92.6 percent. 

Total receipts from the top ten exports reached $3.093 billion, or 74.3 percent of the total exports.
NOVEMBER 2010 IMPORTS INCREASED BY 28.4 PERCENT

Combined import and export merchandise trade for November 2010 was up by 23.3 percent to $9.090 billion from
$7.372 billion in November 2009.    Total merchandise imports increased at 35.3 percent to $4.944 billion from $3.655
billion in November 2009.  Total exports, on the other hand, rose by 11.5 percent to $4.146 billion from $3.718 billion
in November 2009. The balance of trade in goods (BOT-G) in November 2010 posted a deficit of $798.00 million
compared to last year�s recorded surplus of $63.00 million.  On a month-on-month basis, total imports for November
2010 grew by 1.1 percent from $4.890 billion recorded in October 2010.

ELECTRONIC PRODUCTS ACCOUNTED FOR 32.9 PERCENT OF IMPORT BILL

Accounting for 32.9 percent of the aggregate import bill, payments for Electronic Products (including consigned and
direct importation using the expanded coverage of electronic products) in November 2010 amounted to $1.625 billion.
It went up by 33.2 percent over last year's figure of $1.220 billion.  On a monthly basis, it improved by 5.4 percent
from $1.542 billion recorded in October 2010. Among the major groups of electronic products, Components/Devices
(Semiconductors) having the biggest share of 26.7 percent, expanded by 52.2 percent to $1.318 billion from
$865.94 million in November 2009.

Imports of Mineral Fuels, Lubricants and Related Materials in November   2010 ranked second with 17.5 percent
share and posted a positive growth of 13.3 percent to $866.62 million from $764.56 million in November 2009.

Transport Equipment  was the PH�s third top imports for the month with 8.1 percent share to total imports at
$398.41 million. The value accelerated  by 109.9 percent from it�s previous year level of $189.85 million and the
highest annual growth rate among the top ten imports.   

Industrial Machinery and Equipment, contributing 5.2 percent to the total import bill, was the PH�s fourth top
import for the month with payments placed at $257.38 million, an increase of 46.8 percent  from last year�s level of
$175.32 million. 

Fifth in rank and with 2.6 percent share to the total imports, Organic and Inorganic Chemicals expanded by 74.6
percent or $126.46 million, from its year ago level of $72.42 million.

Iron and Steel ranked sixth, comprising 2.3 percent of the total imports, reached $112.93 million, higher by 19.1
percent from $94.79 million recorded in November 2009.

Rounding up the list of the top ten imports for November 2010 were Telecommunication Equipment and Electrical
Machinery (including telecommunications and sound recording and reproducing apparatus and equipment) worth
$112.04 million, gained by 45.4 percent;  Plastics in Primary and Non-Primary Forms amounting to $105.31 million
increased by 61.2 percent; Cereals and Cereal Preparations valued at $93.73 million higher by 84.8 percent; and
Feeding Stuff for Animals (not including unmilled cereals) with purchases placed at $79.17 million rose by 19.4
percent.

Aggregate payment for the country�s top ten imports for November 2010 reached $3.777 billion or 76.4 percent of
the total import bill.
IMPORTS FROM JAPAN ACCOUNTED FOR 11.9 PERCENT

Japan including Okinawa, was the country�s biggest source of imports for November 2010 with 11.9 percent share of the total
import bill, higher by 34.5 percent to $586.30 million from $435.97 million in November 2009.  Exports to Japan amounted to
$668.27 million, yielding a two-way trade value of $1.255 billion and a trade surplus for PH of $81.97 million.

United States of America (USA) including Alaska and Hawaii, the second biggest source of imports in November 2010 with 11.4
percent share, recorded payments worth $562.93 million, up by 44.4 percent from $389.73 million recorded in November 2009.  
Revenue from PH�s exports to USA, on the other hand, reached $488.71 million, generating a total trade value of $1.052 billion and
$74.22 million trade deficit for the Philippines.

People�s Republic of China came third, accounting for 9.4 percent share of the total import bill in November 2010 increased by
55.0 percent to $466.59 million from $301.07 million during the same month in 2009. Exports to People�s Republic of
China amounted to $654.11 million resulting to a total trade value of $1.121 billion and a trade surplus of $187.53 million.

Singapore settled fourth, accounting for 8.8 percent share of the total import bill in November 2010 or a 34.4 percent increment to
$432.88 million from $322.01 million posted in November 2009.  Exports to Singapore amounted to $462.85 million resulting to a
total trade value of $895.72 million and a trade surplus for the Philippines of $29.97 million.

Fifth in rank is Republic of Korea representing 7.4 percent of the total import bill in November 2010, amounted to $365.25 million.
Meanwhile, export receipts from Republic of Korea in November 2010 reached $150.07 million yielding a total trade value of
$515.33 million and a trade deficit of $215.18 million.

Other major sources of imports for the month of November 2010 were Taiwan, $341.10 million; United Arab Emirates, $330.58
million; Thailand, $287.31 million; Malaysia (including Sabah and Sarawak), $234.16 million; and Indonesia, $222.39 million.

Payments for imports from the top ten sources for November 2010 amounted to $3.829 billion or 77.5 percent of the total.

Exporrt Japan including Okinawa comprising 15.4 percent share to total exports for December 2010
emerged as the country�s top destination of exports for December 2010 with revenue amounting to
$642.73 million. It was higher by 26.4 percent from $508.48 million recorded a year ago.

People�s Republic of China with 14.3 percent share to total exports followed as the second top market
of the country for December 2010 with export earnings worth $594.81 million. This represents an increase
of 151.8 percent from $236.22 million reported a year earlier.

United States of America (USA) including Alaska and Hawaii accounting for 13.6 percent share to total
exports came in third with shipments amounting to $563.92 million. Compared to its December 2009
level, the amount diminished by 11.3 percent from $635.58 million.

Singapore ranked fourth in December 2010 with $449.94 million or 10.8 percent share of the total
exports, expanded by 58.9 percent from it�s year ago value of $283.19 million.

Fifth in rank and representing 9.6 percent share to total exports was Hong Kong with export earnings
worth $399.74 million or an increase of 83.7 percent from $217.63 million posted in December 2009.

Other top ten markets for December 2010 were Republic of Korea, $185.57 million; Taiwan, $176.56
million; Thailand, $153.61 million; Germany, $150.53 million; and  Netherlands, $132.20  million.

Total export receipts from the country�s top ten markets for the month of December 2010 amounted to
$3.450 billion or 82.9 percent of the total.