BOI-registered export producers lead export items non-traditional manufacturers

Media

Part of Business Day Special Report

Title
BOI-registered export producers lead export items non-traditional manufacturers
Language
English
Source
Business Day Special Report March 27, 1974
Year
1974
Rights
In Copyright - Educational Use Permitted
Fulltext
March 27, 1974 Business Day Page 29 record in 1973. Exports of soil pipes and fittings did not im­ prove last year. First three quarter sales were only $207,000 compared to a high of .$669,000 sales in 1972. $ales of beer malt and liquor were also not encouraging in 1973. The Board data show that sales only reached -$770,000 compared to the 1972 sales of $863,000 or a $93,000 -deficit. No improvement Although firms like United Laboratories made a serious market­ ing campaign in South­ east Asia, sales of medi­ cinal and pharmaceutical products did not im­ BOI-REGISTERED EXPORT PRODUCERS LEAD EXPORT ITEMS NON-TRADITIDNAL MANUFACTURES1' January to September, 1972 and 1973 (FOB In Thousand U.S. Dollars) amount P^Cent 9,607 271.08 8,696 374.34 6,009 97.49 1,956 76.68 1,826 310.02 1,644 155.53 1,332 70.78 923 42.57 895 132.01 870 154.80 Textile Yarns & Fabrics Garments Handicrafts Electron Components Ceramic Products Fish & Seafood PreparaCordage Aluminum Laminated Safety Glass Sugar Confectioneries Coffee and Other Snack Items Explosives & Misc. Chem. Materials Furniture & Fixtures Pulp of Straw and Abaca Footwear Sub-Total Lead Items Net Others TOTAL prove either. The first three quar­ ter sales amounted to only $507,000 or $77,000 short of the $584,000 recorded in 1972. Charcoal, an anti­ pollution material, did not seem to sell very well as earlier projected. Sales only reached $338,000 compared to $377,000, in 1972. Banana sales As in previous years, foreign exchange earn­ ings from banana ex­ ports continued to grow. Sales in the first three quarters reached a total of $7.3 million or $1.0 million more than that sold in 1972. The banana industry, compared to other sec651 64.58 576 60.89 556 85.80 454 667.65 __393 55.82 36,388 146.18 _L345_ 2X45 37733 123.20 tors, has been developing at a more rapid pace. Its share in the Japan­ ese market alone has grown from less than one per cent in 1968 to 32 per cent in 1972. In 1972, banana exports alone amounted to $24.3 million and ranked eighth place among the Philippine top exports products. Area planted to bananas as of June 30, 1973, already reach­ ed 18,000 hectares. At present, there are 22 bananas growers with technical and marketing tie-ups with Japan. Ex­ ports of bananas conti­ nue to be limited to Japan. Export firms As of December, 1973, there were a total of 176 firms registered with export capacities. Two segments, the tex­ tile yarns and the gar­ ments producers, consti­ tute a significant number of these export firms. There are over 27 gar­ ment companies register­ ed with the Board and some 24 textile yarns producers. In 1972, the Board initiated a rationalization scheme for both the tex­ tile and the garments industry. During the first semester of 1973, ex­ ports of textile yarns, fabrics and garments totalled $13.5 million, three times the 1972 figure of $4.3 million. Firms registered under the Export Incen­ tives Act as of June 30, 1973 employ a total of 35,113 individuals and pay salaries amounting to P68 million per year. The chemical industries provide the largest number of employment with 15,997 followed by agro-induStries (8,036) and mining and mineral processing industries (6,579). — Excludes Bananas. COMPARATIVE EXPORT PERFORMANCE OF BOI-REGISTERED PRODUCERS January to September, 1972 and 1973 (FOB In Thousand U.S. Dollars) 1973 1972 Anount Per Cent Reporting Cement 13,151 3,54 4 9,607 271.08 14 Garments 12,173 6,164 6,009 97.49 27 Textile Yarns & Fabrics 10,995 2,323 8,672 373.31 24 Handicrafts 4,507 2,551 1,956 76.68 22 Fish & Seafood Preparations 3,214 1,882 1,332 70.78 10 Cordage 3,091 2,168 923 42.57 4 Ceramic Products 2,701 1,057 1,644 155.53 3 Electronic Compo2,415 589 1,826 310.02 8 Sugar Confectioneries Coffee and other Snack Items 1,659 1,008 651 64.58 4 Aluminum Products 1,573 678 895 132.01 1 Explosives & Misc. Chemical Mat. 1,522 946 576 60.89 6 Laminated Safety Glass 1,432 562 870 154.80 3 Furniture & Fixtres 1,204 648 556 85.80 10 Footwear 1,097 704 393 55.82 6 Beer Malt & Liquor 770 863 (93) 10.78) 4 Wood Manufactures 665 462 203 43.94 6 Pulp of Straw & Abaca 522 68 454 667.65 1 Medicinal & PharmaO ceuticalsProducts 507 584 77) 13.18) 4 Paints & Lacquers 430 219 211 96.35 2 Other Electrical Appa­ ratus and Appl. 369 198 171 86.36 7 Charcoal 338 377 ( 39) ( 10.34) 2 Crumb Rubber 292 149 143 95.97 3 Soil Pipe & Fittings 207 669 ( 462) (69.06) 2 Synthetic Wigs 205 44 161 365.91 1 Rugs & Carpets 77 80 ( 3) ( 3.75) 2 Tinplates 0 621 ( 621) (100.00) 3 Others 3,221 1,470 1,751 119.12 40 Total Other 68,337 30,628 37.709 123.12 221 Manufactures Bananas 7,306 6,225 1,081 • 17.37 6 TOTAL 75,643 36,853 38,790 105.26 227 MCCIA VITAL LINK 10 PROGRESS Growth springs from our natural wealth. The bountiful resources tapped from the earth. Transformed into usable raw materials to power our industries. Booming industries for a stronger economy to serve a growing nation. Such is the chain that will bind us to economic prosperity. And MARIA CRISTINA CHEMICAL INDUSTRIES is the initial link. Efficiently providing basic processed products which are the building blocks of our industries. MARIA CRISTINA CHEMICAL INDUSTRIES WORKING TO REALIZE A FRUITFUL FUTURE 5th Floor Security Bank Bldg. Ayala Ave., Makati, Rizal Tel. nos.86-69-71 to 75 Cable Address: CRISTINA MANILA _
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