$4.22-B electronics export revenue fuels CL economy.
Clark Freeport Zone - The export of electronic equipment and parts remained the top dollar earner in Central Luzon in 2014, the Department of Trade and Industry Region 3 (DTI3) disclosed yesterday.
Citing data from the One Stop Export Documentation Centers (OSEDCs), Director Judith P. Angeles of the DTI3 said the electronics sector in Central Luzon generated $4.22-Billion or 74 % of the total export value for the region.
Memory Integrated Circuits (MICs), Large Scale Integrated (LSI) chips, electrical appliances and machineries formed the bulk of exports from the region last year, she said.
Other top export earners in 2014 were the machinery and transport equipment and apparatus sector at $ 688.43 million or 12.08%; garments or textiles at $220.89 Million or 3.87%, and metal manufacture which earned $130.72 Million or 2.29%.
The electronics sector export value in the region grew by 27.77% while the machinery and transport equipment sector recorded a modest 2.71% growth rate, OSEDC records showed.
Angeles also said that based on data from the OSEDCs of Manila, Clark and Subic, with additional data from Clark Development Corporation (CDC), Luisita Industrial Park (LIP) and the Authority of Freeport of Bataan (AFAB), that exports from Central Luzon remained robust with at least a 1.5% increase from $ 5.61 Billion in 2013 to $ 5.70 Billion in 2014.
Among Central Luzon provinces, Pampanga remained the top exporter with 86.40 % or $ 4.93 Billion worth of exports mainly in the electronics, machinery and garments sectors. More than half of this or $ 2.9 Billion are from export of electronic equipment and parts by a large semiconductor company located in Clark Freeport Zone.
Tarlac province is second in the region in terms of exports valued at $ 436.54 Million or 7.66 % of the total exports for Central Luzon.
Tarlac is home to the Luisita Industrial Park and exports machinery, transport equipment and apparatus, and metal products.
OSEDCs also indicated that Bataan's export reached $ 250.74 Million or 4.40 % of the total for the region. Its exports are mainly garments and other consumer manufactures.
Zambales has $ 62.03 Million worth of exports while Bulacan produced $ 25.76 Million worth of exports for 2014.
In terms of export destination, China has now surpassed the United States as the top export buyer for Central Luzon products with 34.07% and 22.17% share of export value respectively, while Hong Kong is third at 11.55%, the OSEDCs said.
|Printer friendly Cite/link Email Feedback|
|Date:||May 20, 2015|
|Previous Article:||7th Lambangus Festival kicks off.|
|Next Article:||Pacific quest: Solar pilot prepares for toughest leg.|