‘Spic­ing’ up the ex­port in­dus­try

Business World - - Special Feature -

“This year, the congress seeks to pro­vide Philip­pine ex­porters a venue where they could dis­cuss emerg­ing trends, mar­ket op­por­tu­ni­ties, in­no­va­tive ideas, and tech­nolo­gies.”

EV­ERY FIRST week of De­cem­ber, the De­part­ment of Trade and In­dus­try (DTI), in col­lab­o­ra­tion with the Ex­port De­vel­op­ment Coun­cil and the Philip­pine Ex­porters Con­fed­er­a­tion, Inc., con­ducts the Na­tional Ex­porters’ Week (NEW), as pro­vided for by Pres­i­den­tial Procla­ma­tion 931 se­ries of 1996, signed by for­mer Pres­i­dent Fidel V. Ramos, and House Res­o­lu­tion No. 33.

This an­nual event serves as a way for the gov­ern­ment and the pri­vate sec­tor to as­sert their com­mit­ment to ex­port pro­mo­tion and de­vel­op­ment.

The theme of this year’s NEW is “SPICE Up to Scale Up: Ex­pand Ex­ports for In­clu­sive Pros­per­ity. “SPICE” is an ab­bre­vi­a­tion of five dif­fer­ent ac­tions: stim­u­late, per­me­ate, in­no­vate, con­nect and ex­pand.

The high­light of the Na­tional Ex­porters’ Week is the Na­tional Ex­porters’ Congress (NEC), which is be­ing held to­day, Dec. 7, at the Philip­pine In­ter­na­tional Con­ven­tion Cen­ter in Pasay City. It is ex­pected to draw hun­dreds of del­e­gates, in­clud­ing ex­porters, and those from busi­ness sup­port or­ga­ni­za­tions, gov­ern­ment agen­cies, the pri­vate sec­tor, and the academe.

NEC will fea­ture sem­i­nars on sub­jects con­cern­ing seiz­ing mar­ket prospects, the ease of do­ing busi­ness, and in­no­va­tive ap­proaches to at­tain busi­ness sus­tain­abil­ity, among oth­ers. Those who will give at­ten­dees in­sights into th­ese mat­ters are of­fi­cials of the trade, agriculture, fi­nance, and science and tech­nol­ogy agen­cies, and other in­vited re­source peo­ple.

“This year, the congress seeks to pro­vide Philip­pine ex­porters a venue where they could dis­cuss emerg­ing trends, mar­ket op­por­tu­ni­ties, in­no­va­tive ideas, and tech­nolo­gies,” said Se­nen M. Per­lada, di­rec­tor of DTI’s Ex­port Mar­ket­ing Bureau.

For the first time, rep­re­sen­ta­tives from the pub­lic and pri­vate sec­tors can or­ga­nize busi­ness match­ing meet­ings and net­work­ing at the Na­tional Ex­ports’ Congress’ Busi­ness Match­ing Hub, al­low­ing par­tic­i­pants to come to­gether to con­verse about busi­ness growth and forge col­lab­o­ra­tions that can help strengthen the Philip­pine ex­port in­dus­try.

An­other first at the congress is the Lo­gis­tics Ser­vices Philip­pines (LSPH) Ex­hi­bi­tion, where ex­porters can gain ac­cess to the full range of lo­gis­tics ser­vices from around the coun­try and en­gage with LSPH providers.

There will also be an Ex­port En­abler Ex­hibit, where ex­porters in­ter­face with var­i­ous gov­ern­ment agen­cies and busi­ness or­ga­ni­za­tions to help them ex­pand their cur­rent net­work and get up­dates on mar­ket reg­u­la­tions and the ex­port in­dus­try in gen­eral.

The Na­tional Ex­porters’ Week has also fea­tured “Us­apang Ex­ports 2018 Sem­i­nars” that dealt with the fol­low­ing top­ics: “Star­tups for Ex­porters” last Dec. 3, “Ex­port Op­por­tu­ni­ties: Learn­ing from the Trade At­taches” last Dec. 4 and the “In­ter­na­tional Cer­ti­fi­ca­tion and Stan­dards for Greater Mar­ket Ac­cess for GDH (gifts, decors and house­ware) and Wear­ables Sec­tors” last Dec. 5.

The Philip­pines has been mak­ing strides in build­ing up its ex­port in­dus­try. Ac­cord­ing to the Philip­pine Sta­tis­tics Authority (PSA), in July of this year, to­tal ex­ports grew 0.3% to $5.85 bil­lion from $5.83 bil­lion in the same month in 2017. The fol­low­ing month, to­tal ex­ports grew even faster, at 3.1%, from $5.98 bil­lion dur­ing the same pe­riod in 2017 to $6.16 bil­lion. In Septem­ber, how­ever, the streak was bro­ken when the value of the to­tal ex­ports fell 2.6% to $5.83 bil­lion com­pared with $5.99 bil­lion in Septem­ber of 2017.

Elec­tronic prod­ucts were the coun­try’s lead­ing ex­port, with to­tal earn­ings of $3.41 bil­lion and ac­count­ing for 58.6% of the to­tal ex­ports rev­enue in Septem­ber. “This ex­port com­mod­ity grew by 4.2%, from $3.28 bil­lion ex­port re­ceipts in the same month of the pre­vi­ous year. Com­po­nents/De­vices (Semi­con­duc­tors) com­prised the big­gest share of 43.9% among elec­tronic prod­ucts. It posted an in­crease of 2.6%, from $2.49 bil­lion in Septem­ber 2017 to $2.56 bil­lion in Septem­ber 2018,” PSA said.

The sec­ond top ex­port of the coun­try that month was ma­chin­ery and other trans­port equip­ment, bring­ing in $343.61 mil­lion or 5.9% of the to­tal ex­ports rev­enue. Other man­u­fac­tured goods ranked third with $313.20 mil­lion or 5.4% of the to­tal ex­port re­ceipts.

Fresh ba­nanas were also among the top ex­ports, with $174.72 mil­lion in earn­ings or 3% of the to­tal ex­port rev­enues in Septem­ber. Round­ing out the top five was ig­ni­tion wiring set and other wiring sets used in ve­hi­cles, air­craft and ships with $146.56 mil­lion.

Five of the other top ex­ports, along with their sales, are the fol­low­ing: metal com­po­nents ($121.55 mil­lion), gold ($93.68 mil­lion), co­conut oil ($91.45 mil­lion), elec­tronic equip­ment and parts ($89.83 mil­lion), and mis­cel­la­neous man­u­fac­tured ar­ti­cles ($77.31 mil­lion).

“To­tal re­ceipts from the top 10 ma­jor ex­ports amounted to $4.87 bil­lion or a share of 83.5 per­cent of the to­tal ex­port. This recorded an in­crease of 0.8 per­cent from the Septem­ber 2017 ex­port value of $4.83 bil­lion,” the Philip­pine Sta­tis­tics Authority said.

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