Thursday, November 3, 2011

Export Business in the Philippines

Western Visayas performed well in the export sector in the second
quarter of 2011 compared with the same period last year.

A report furnished by the Bureau of Customs (BoC) to the National
Economic and Development Authority (NEDA) showed that during the
previous quarter, this region's exports amounted to $ 164.525 million
through its major seaports as against the $ 54.319 million in the same
period last year.

The port of Iloilo had the biggest export in terms of amount at $
124.815 million while the sub-port of Pulupandan had $ 39.710 million.
However, the sub-port of Pulupandan posted the highest growth at 350
percent as against the 174 percent growth at the Iloilo port.

The over-all increase was recorded at 203 percent, according to Estela
Paredes, chief of the Knowledge Management Division (KMD) of NEDA.

The region's major export products include coal by the Semirara Coal
Plant in Antique; raw cane sugar; and crab meat, among others.

However, the import reduced by 37 percent, she said.

Paredes explained that the hike in importation during the second
quarter in 2010 was attributed to the big importation of equipment due
to the construction of the coal-fired power plant which is now
operating in this city.

The import consisted of wheat, fertilizer, liquefied petroleum gas,
rice and tug boat.

Paredes explained that Western Visayas has high importation of rice
not because the region suffers deficit but because it has one of the
biggest warehouses in the country.

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