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

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 May, there were 16 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, hydrogenated coconut oil, glycerin, and coconut milk liquid.

COCONUT CONCENTRATES led the pack with earnings of USD6.876 million from export of 7,041 MT (a manifold leap from 48 MT in same period year-ago).  The United States was principal market capturing 4,535 MT (64.4% of total sales), followed by the United Kingdom at 1,008 MT (14.3%).  Other destinations were Australia 323 MT (4.6%), Canada 291 MT (4.1%), China 176 MT (2.5%), Netherlands 173 MT (2.5%) and 10 others jointly responsible for 535 MT (7.6%). 

VIRGIN COCONUT OIL had gross export receipts of USD6.193 million from sale of 2,007 MT and settled in second place.  Volume was 9.9% short of year-ago at 2,228 MT.  The United States was market leader, cornering 1,166 MT (58.1%).  Smaller volumes wen to China at 225 MT (11.2%), Canada 94 MT (4.7%), Brazil 85 MT (4.2%), United Kingdom 65 MT (3.2%), Netherlands 57 MT (2.8%), Germany 55 MT (2.5%), and 15 other countries with combined import of 262 MT (13.0%).
 
HYDROGENATED COCONUT OIL, which took the third spot, had income of USD4.008 million from trade of 924 MT. Total purchases was more than five times year-ago at 182 MT.  The United States  was primary market controlling 304 MT (32.9%), trailed by United Kingdom at 250 MT (27.1%), Canada at 194 MT (20.9%), Australia 107 MT (11.6%) and seven other countries with combined uptake of 69 MT (7.5%). 

Fourth in rank GLYCERIN recorded proceeds of USD3.693 million from shipment of 4,431 MT.  Delivery was 3.9% higher from same period year-ago at 4,266 MT. Japan was almost an exclusive market at 3,613 MT (81.5%).  Smaller loads went to South Korea at 254 MT (5.7%), Iran 155 MT (3.5%), China 149 MT (3.4%), Thailand 144 MT (3.2%) and three other countries which collectively held 117 MT (2.6%). 

Fifth placer COCO MILK LIQUID had turnover of USD1.606 million from overseas purchases of 1,053 MT which saw an increase by 25.5% from same period year-ago at 839 MT.  Top three country destinations were: Malaysia at 523 MT (49.6%), United States 226 MT (21.4%), Australia 116 MT (11.0%).  Nine other countries shared the balance 189 MT (17.9%). 

The top six export, COCO MILK POWDER, registered earnings of USD755,901 from trade of 141 MT.  This month load slashed year-ago total at 207 MT by 31.8%. Top three destinations were: Japan at 42 MT (29.5%), United States at 40 MT (28.3%), Spain 30 MT (21.1%).  Three other countries shared the remaining 30 MT (21.1%). 

FATTY ACID DISTILLATES landed seventh and turned in USD662,155 from delivery of 1,593 MT (1,540 MT year-ago).  There were only four destinations: China, which took bulk of the load at 1,111 MT (69.8%), India 241 MT (15.2%), Pakistan 139 MT (8.8%) and Taiwan 101 MT (6.3%). 

TOILET/BATH SOAP which earned USD631,269 from external trade of 509 MT (338 MT) filled in the eighth place. Top three destinations were: Thailand 212 MT (41.6%), Vietnam 143 MT (28.2%), Japan 100 MT (19.6%).  Six other countries together absorbed 54 MT (10.6%). 

With receipts of USD332,392 after trading 735 MT (no export from same period year-ago), COCONUT ACID OIL was number nine in the list. All shipments went to China. 

COIR PRODUCTS held the tenth position with turnover of USD257,300 from transactions involving 1,000 MT (1,561 MT).  There were only two importing countries: China at 964 MT (96.4%) and Japan 36 MT (3.6%). 

Completing the top 16 non-traditional exports were: coco flour, coco peat/dust, coconut meat grated, nata de coco, coconut cream and coco sugar.  COCO FLOUR had revenue of USD238,866 from trade of 365 MT (219 MT).  South Korea was leading destinations at 97 MT (26.5%), trailed by United States at 77 MT (21.1%), United Kingdom 54 MT (14.8%), Germany 45 MT (12.4%), while seven other countries shared the remaining 92 MT (25.2%). 

COCO PEAT/DUST generated USD230,846 with total volume at 3,569 MT (719 MT). There were only three country destinations: China, which took the biggest chunk at 3,379 MT (94.7%), South Korea 162 MT (4.6%) and Malaysia 27 MT.

COCO MEAT GRATED sold 204 MT (no export recorded year-ago) worth USD207,982.  Volume was delivered to Turkey at 155 MT (76.0%) and Australia 49 MT (24.0%). 

NATA DE COCO shipment at 160 MT (139 MT) was valued at USD173,140.  There were only four destinations: Japan 87 MT (54.1%), China 52 MT (32.5%), Hong Kong 12 MT (7.2%) and South Korea 10 MT (6.2%). 

COCONUT CREAM contributed USD123,998 from shipment of 185 MT (86 MT). United Kingdom was leading market at 80 MT (43.0%), followed by Netherlands 59 MT (32.0%) and three others which bought the balance of 46 MT (25.1%).

COCO SUGAR earned USD114,559 from purchases of 43 MT (32 MT).  These were delivered to Sri Lanka at 21 MT (49.5%), Netherlands 16 MT (37.8%) and three other countries which shared the balance of 5 MT (12.7%).