Performance of Philippine Top Non-Traditional Coco Products Exports in October

Data from the Philippine Statistics Authority show increasing number of non-traditional coconut products that generate export revenue of more than USD100,000 in a month thus qualifying for the top non-traditional export product category.  For the month of October, there were 18 products, the highest so far.  The top five non-traditional exports had respective earnings of more than USD1.000 million: coconut concentrates, virgin coconut oil, glycerin, coconut milk liquid and coconut milk powder.

COCONUT CONCENTRATES led the pack with earnings of USD8.301 million from export of 7,909 MT (121 MT same period year-ago).  The United States  was principal market capturing 5,246 MT (66.3% of total sales).  Other destinations were United Kingdom at 545 MT (6.9%), Canada 435 MT (5.5%), Brazil 363 MT (4.6%), Australia 344 MT (4.3%), Netherlands 341 MT (4.3%) and 17 others jointly responsible for 635 MT (8.1%).

VIRGIN COCONUT OIL had gross export receipts of USD5.187 million from sale of 1,830 MT and settled in second place.  Volume was 43.3% short of year-ago at 3,225 MT.  The US was market leader, cornering 893 MT (48.8%), followed some distance behind by Germany at 378 MT (20.6%), Brazil 159 MT (8.7%), Canada 83 MT (4.5%), and 16 other countries with combined import of 317 MT (17.3%). 

GLYCERIN, which took the third spot, had income of USD3.146 million. Tonnage at 3,324 MT was up by 10.8% from previous year at 2,999 MT.  Japan was the biggest market controlling 1,869 MT (56.2%), trailed far behind by China at 873 MT (26.2%) and South Korea 326 MT (9.8%).  Limited loads went to Malaysia 94 MT (2.8%) and three others which took in the remaining 257 MT (7.7%).  

Fourth in rank COCO MILK LIQUID recorded proceeds of USD1.772 million from delivery of 1,348 MT, a jump by 172.4%  from 495 MT year-ago. Malaysia was market leader at 565 MT (41.9%), followed far behind by the US at 253 MT (18.8%), France 143 MT (10.6%), Japan 118 MT (8.8%), Australia 110 MT (8.2%).  Six other countries jointly held 158 MT (11.7%). 

Fifth place COCO MILK POWDER generated earnings of USD1.124 from overseas purchases of 273 MT. The shipment leaped by 118.3% from same period last year’s 125 MT. Japan was leading destination at 135 MT (49.5%). Smaller volumes went to Australia at 50 MT (18.3%), France 34 MT (12.6%) and four other countries which shared the balance of 53 MT (19.6%).

The top six export, COCONUT WATER had turnover of USD981,163 from overseas trade of 737,510 liters. Volume significantly contracted by  88.5% from year-ago at 6,430,714 liters. The United States was the biggest outlet cornering 347,651 liters (47.1%), trailed by Japan at 85,124 liters (11.5%), New Zealand 65,109 liters (8.8%), United Kingdom 62,219 liters (8.4%), Australia 43,221 liters (5.9%), and seven other countries which held the remainder of 134,186 liters (18.2%).  

Toilet/Bath Soap landed seventh and turned in USD906,001 from delivery of 607 MT (718 MT year-ago).  Thailand was primary buyer at 264 MT (43.5%), followed by Vietnam 176 MT (29.1%), United Arab Emirates 81 MT (13.3%), Saudi Arabia 36 MT (6.0%).  Nine others collectively held 50 MT (8.1%). 

COIR and COIR PRODUCTS which earned USD568,651 from external trade of 2,224 MT (1,587 MT year-ago) filled in the eighth place. There were three country destinations with the load chiefly going to China at 2,112 MT (95.0%).  Other destinations were Japan at 90 MT (4.0%), and South Korea at 22 MT (1.0%). 

With receipts of USD347,606 after trading 1,113 MT (no export from same period year-ago), FATTY ACID DISTILLATES was number nine in the list. There were only four country destinations with China taking bulk of the volume at 600 MT (53.9%), followed by India at 214 MT (19.2%), Pakistan 165 MT (14.8%), South Korea at 134 MT (12.1%).

COCO FLOUR held the tenth position with turnover of USD333,178 from transactions involving 344 MT (470 MT).  United States was major destination at 158 MT (46.0%), trailed by Australia 46 MT (13.4%), Taiwan 35 MT (10.2%), Canada 26 MT (7.5%), South Korea 23 MT (6.7%) and six other countries which together absorbed 55 MT (16.1%). 

Completing the top 18 non-traditional exports were: coco peat/dust, nata de coco, hydrogenated coconut oil, coco sugar, vinegar, coconut acid oil, coconut syrup and soap chips.  COCO PEAT/DUST  had revenue of USD314,600 from trade of 5,415 MT (3,602 MT).  There were only three importing countries: China, which was almost an exclusive buyer at 5,415 MT (99.0%), Japan at 35 MT and South Korea at 22 MT. 

NATA DE COCO generated USD202,525 with total volume at 210 MT (134 MT).  Japan took the lead at 96 MT (45.5%), tracked by China at 52 MT (24.7%), South Korea 32 MT (15.2%) and four others which together took in 31 MT (14.5%).  HYDROGENATED COCONUT OIL  sold 45 MT (391 MT) worth USD195,419. Key destinations were United Kingdom at 17 MT (37.5%), and the US at 16 MT (35.9%), while three other countries shared the remaining 12 MT (26.5%).

COCO SUGAR shipment at 81 MT (nil) was valued at USD182,158.  Top three destinations were: Sri Lanka 45 MT (56.2%), Japan 18 MT (22.3%), US at 10 MT (12.8%).  Two other countries absorbed the balance of 7 MT (8.7%).  VINEGAR  contributed USD182,007 from shipment of 274 MT (4 MT). United Arab Emirates was leading destination at 169 MT (61.5%), while limited loads went to US at 66 MT (24.1%), Canada at 20 MT (7.5%), and two others which bought the balance of 19 MT.

COCO ACID OIL earned USD179,349 from purchases of 368 MT (no export recorded year-ago).  There were only three importing countries which was led by China at 198 MT (53.7%), India 147 MT (40.0%) and Pakistan at 23 MT (6.3%).  COCONUT SYRUP  export at 42 MT (no export year-ago) turned in USD116,710.  These were delivered to Sri Lanka at 24 MT (56.7%) and the US at 18 MT (43.3%).  SOAP CHIPS posted receipts of USD103,200 from orders amounting to 22 MT (108 MT).  All shipment went to Saudi Arabia.