Clark export volume up 81.85 percent in H1

CLARK FREEPOR — The Clark Development Corporation (CDC) has reported that total exports during the first semester of 2017 reached $2.403 billion, a $1.08 billion or 81.85 percent increase compared to the same period last year.

Noel G. Tulabot, CDC Communications manager, said that at the same time, total volume of importation from first half of 2017 also rose to $2.347 billion, representing a $1.04 billion or 79.45 percent hike compared to the first semester of 2016.

The comparative exportation and importation performance report submitted to CDC President-CEO Noel F. Manankil by the office of the Trade Facilitation Department (TFD) showed that the export volume was $55.6 million more than the import volume.

In the report, TFD said that it recorded e-EDs applications totaling to $2.403 billion.

Of this amount, exports in the semi-conductor industry account for 61 percent or about $1.475 billion, followed by electronics and manufacturing/industrial with 24 percent or about $572.91 million and 12 percent or $300.22 million, respectively.

The total export volume does not include those from Texas Instruments in Clark which pegged about $980 million for the first semester of 2017.

The TFD reports stated that SFA Semicon (formerly Phoenix Semiconductor Philippines Corporation) ranked first among exporting firms in Clark with total volume $1.44billion from the first six months of the year, accounting for 58.99 percent of the total volume.

Nanox Philippines, Inc. is ranked second on export volume with more than $508.2 million or 21.15 percent of the total volume for this first semester.

The Japanese semiconductor firm has been among the consistent top exporters in Clark since its inception in the mid 1990’s.

Third in the list is Yokohama Tire Philippines, Inc. (YTPI) with export amounting to and more than $124.6 million, followed by SMK Electronics Phils. Corporation ($59.9 million), Lhuen Thai International Group Phils., Inc. ($47.2 million) and HLD Clark Steel Pipe Co. Inc. ($39.1 million).

Also included among the top exporters from January to June this year are Amertron Inc. with $31 million in export volume, La Rose Noire ($14.7 million), Outback Corporation ($14.5 million) and Prudence Corporation ($8.4 million).

The TFD said that China tops the list of the countries of destination with 22.84 percent with total amount of $548.86 million or almost one-fourth of the total exported goods for the first half of 2017, followed by United States (22.34 percent or $536.875 million), Hong Kong (11.27 percent or $270.841 million), Japan (9.78 percent or $235.041 million), Czech Republic (5.94 percent or $142.772 million), Korea (4.51 percent or $108.409 million) and Taiwan (4.46 percent or $107.246 million).