Today's Punto
Today's Punto
Clark exports rise by 82% in first semester

Aug 10, 2017

CLARK FREEPORT -- The Clark Development Corp. (CDC) reported yesterday total exports of investors in this freeport increased by $1.08 billion in this year’s first half which is 81.85 percent higher than that in the first half of 2016.

At the same time, total volume of importation from first half of 2017 also increased by $1.04 billion or 79.45 percent higher than the first semester last year.

The CDC report submitted to CDC president- CEO Noel Manankil by the CDC Trade Facilitation Department (TFD) noted that exports volume from January to July this year reached $2.403 billion compared to importation volume for the same months which reached $2.347 billion. This made for a difference of almost $55.6 million, the report noted.

The report cited exports applications involving $2.403 billion. These covered exports in the semi-conductor industry accounting for 61 percent or about $1.475 billion, followed by electronics and manufacturing and industrial exports accounting for 24 percent or about $572.91 million and 12 percent or $300.22 million, respectively.

“Total exports from January to June 2017 increased by $1.08 billion or 81.85 percent compared to the same period in 2016. On the other hand, total imports from January to June 2017 increased by $1.04 billion or 79.45 percent compared to the first half of 2016, said CDC information officer Noel Tulabut.

Tulabut noted that “exports record does not include those from Texas Instruments in Clark which pegged about $980 million for the first semester of 2017.”

He said “SFA Semicon, formerly Phoenix Semiconductor Philippines Corp., ranked first among exporting firms in Clark with total volume of $1.44 billion from the first six months of the year with 58.99 percent of the total volume.”

Nanox Philippines, Inc. was 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, he noted.

Third in the list was Yokohama Tire Philippines, Inc. (YTPI) with exports amounting to more than $124.6 million; SMK Electronics Phils. Corp. with $59.9 million; Lhuen Thai International Group Phils., Inc. with $47.2 million; HLD Clark Steel Pipe Co. Inc. with $39.1 million.

Tulabut said the other top exporters this year also include Amertron Inc. with $31 million in export volume from the first six months of the year; La Rose Noire with $14.7 million, Outback Corp. with $14.5 million; and Prudence Corp. with $8.4 million.

The CDC report also noted that China topped 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 with 22.34 percent or $536.875 million; Hong Kong with 11.27 percent or $270.841 million; Japan with 9.78 percent or $235.041 million, Czech Republic with 5.94 percent or $142.772 million; Korea with 4.51 percent or $108.409 million and Taiwan with 4.46 percent or $107.246 million.

The rest of destination countries individually account for less than 4 percent – with total individual exports for the first half of 2017 of not more than $100 million, the report also noted.

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