(PNA file photo)
MANILA – October receipts from Philippine forest product exports exceeded this year what these outbound shipments generated during the same month in 2019.
Such exports' 2020 free-on-board (FOB) receipts totaled USD36.83 million, reflecting a 22.9 percent increase from last year's USD29.96 million, showed data released by Philippine Statistics Authority (PSA) this week.
This year's receipts covered lumber (USD19.50 million), plywood (USD9.93 million) and others (USD7.40 million).
Corresponding receipts in 2019 were lower at USD18.52 million, USD8.28 million, and USD3.17 million, respectively, but PSA reported no export data for logs and veneer sheets/core stocks exported during both reference years.
Forest products accounted for some 0.6 percent of all October 2020 Philippine exports totaling USD6.20 billion.
Such total is 2.2 percent lower than the USD6.34 billion which the country's exports generated last year.
As such, total January-October receipts from Philippine exportation of forest products decreased by 19.6 percent this year from what these outbound shipments collectively generated during the same period in 2019.
FOB 2020 receipts from such exports totaled USD243.45 million -- lower than the corresponding USD302.95 million last year, PSA data further showed.
The exports this year were lumber (USD139.55 million), plywood (USD69.33 million), veneer sheets/corestocks (USD20,000) and others (USD34.56 million).
Receipts were higher last year at USD172.58 million, USD72.90 million, USD94,000 and USD57.38 million, respectively.
For both reference years, PSA reported no export data for logs.
All January-October Philippine exports collectively generated receipts totaling about USD52.11 billion in 2020, 12,5 percent lower than these shipments' USD59.55 billion last year. (PNA)
