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Performance of Philippine Top Non-Traditional Coco Products Exports in November 2018

Thursday, February 28, 2019

Data from the Philippine Statistics Authority show 15 non-traditional coconut products generated export revenue of more than USD100,000 during the month to qualify for the top non-traditional export products category. The top five non-traditional exports had respective earnings of more than USD1.000 million: virgin coconut oil, coconut water, glycerin, hydrogenated coconut oil and coconut milk liquid.
VIRGIN COCONUT OIL led the pack with earnings of USD7.385 million from export of 2,344 MT. The shipment rose by 15.9% from previous year at 2,023 MT.  The United States  was top market capturing 1,178 MT or half of total sales (50.3%), followed far behind by Germany at 223 MT (9.5%), Slovenia 166 MT, Canada 145 MT (6.2%), Belgium 122 MT (5.2%), and 17 other countries jointly responsible for 509 MT (21.7%). 
COCONUT WATER, the second biggest non-traditional export, generated USD4.141 million from shipment of 3,665,112 liters. Volume slightly dropped by 3.5% from year-ago at 3,796,662 liters. As with virgin coconut oil, the United States also was the biggest outlet for coconut water cornering 2,230,795 liters (60.9%).  Smaller volumes went to United Kingdom at 379,879 liters (10.4%), China 270,462 liters (7.4%), Australia 190,176 liters (5.2%), Canada 135,655 liters (3.7%), Netherlands 107,866 liters (2.9%), while nine others shared the balance of 350,279 liters (9.6%). 
GLYCERIN, which took the third spot, had income of USD2.513 million. Tonnage at 3,223 MT was slightly up by 2.6% from previous year at 3,140 MT.  Japan was the biggest market controlling 1,562 MT (48.5%), trailed by China at 1,137 MT (35.3%).  Limited loads went to South Korea at 331 MT (10.3%).  Eight other countries took in the remaining 193 MT (6.0%). 
Fourth in rank, HYDROGENATED COCONUT OIL recorded proceeds of USD2.275 million from delivery of 1,027 MT, rising more than six folds in volume from 142 MT year-ago. The United States was market leader at 484 MT (47.1%), followed by Australia at 150 MT (14.6%), Canada 125 MT (12.2%), United Kingdom 124 MT (12.1%), and eight other countries which jointly held 144 MT (14.0%).
Fifth placer COCO MILK LIQUID had turnover of USD1.408 million from overseas purchases of 731 MT. Volume during the month leaped by 229.5% from 222 MT in same period year-ago. The United States was primary market at 334 MT (45.7%).  Tracking far behind were Japan at 95 MT (13.0%), Australia 81 MT (11.0%), and 11 other countries sharing the balance of 221 MT (30.2%).
The top six export, COCO MILK POWDER, registered earnings of USD801,399.  The cargo at 339 MT posted a jump by 140.0% from 141 MT of the previous year. Netherlands was major destination at 166 MT (48.8%), followed by Thailand at 50 MT (14.7%), Australia 42 MT (12.4%), Japan 28 MT (8.3%) and four other countries that collectively shared 54 MT (15.8%). 
TOILET/BATH SOAP landed seventh and turned in USD590,325 from delivery of 319MT, more than double year-ago at 134 MT (+137.4%).  Vietnam was top market at 146 MT (45.8%), trailed by Thailand at 81 MT (25.2%), United Arab Emirates 27 MT (8.6%), Malaysia and Saudi Arabia at 15 MT apiece (4.8%) and Kuwait 12 MT (3.8%),   Eight other countries took in the remaining 22 MT (7.0%). 
COCONUT FLOUR which earned USD542,724 from external trade of 400 MT (223 MT year-ago) filled in the eighth place. The United States was key market at 224 MT (56.0%), with Australia distance behind at 100 MT (24.9%), Germany 34 MT (8.4%) and six other countries with combined participation of 43 MT. 
BIODIESEL, with receipts of USD410,832 after selling 336 MT (no export was recorded year-ago) was number nine in the list. There were only four country destinations led by Hong Kong at 134 MT (40.0%), South Korea at 119 MT (35.5%), Japan at 59 MT (17.4%) and Spain at 24 MT (7.1%).
COIR & COIR PRODUCTS held the tenth position with turnover of USD267,858 from transactions involving 970 MT (846 MT year-ago).  There were only two importing countries: China at 955 MT (98.5%) and Japan at 15 MT (1.5%). 
Completing the top 15 non-traditional exports were: nata de coco, coconut concentrates, coco peat/dust, soap chips and vinegar. NATA DE COCO had revenue of USD177,181 from trade of 176 MT (444 MT year-ago).  Japan was primary destination at 74 MT (42.2%), followed by China at 52 MT (29.6%), Malaysia 37 MT (20.9%) and three other countries which shared 13 MT (7.6%).
COCONUT CONCENTRATES generated USD154,910 with total volume at 35 MT (no export) and was delivered solely to South Korea.  COCO DUST/PEAT contributed USD144,166 from deals amounting to 2,618 MT, little changed from last year at 2,604 MT. There were three country destinations with China as almost an exclusive outlet at 2,483 MT (94.9%). The other two were South Korea which held 95 MT (3.6%) and Taiwan 40 MT (1.5%). 
SOAP CHIPS earned USD103,200 from purchases of 108 MT (no export ).  All shipment went to Nigeria.  VINEGAR turned in USD101,952 from sale of 48 MT (24 MT) all of which went solely to the United States.

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