Home » Customs & Trade, Ports/Terminals, Press Releases » BOC Sept revenue inches up 0.9% over target

The Bureau of Customs (BOC) collected P52.420 billion in revenue for September 2018, or 0.9% higher than the agency’s monthly target of P51.956 billion and the eighth straight month it exceeded its monthly revenue goals.

The September 2018 collection is also 30.2% higher than the P40.260 billion collection in the same month last year, preliminary data from BOC’s Financial Service showed.

Financial Service attributed the continuous improvement in revenue performance to higher volumes and value of goods, as well as the higher exchange rate. BOC in a statement said the higher revenues collected were “also made possible by the improved and correct valuation and tariff classification being implemented in all ports.”

Of the 17 BOC collection districts, 14 ports exceeded their September 2018 targets:

  • Port of Batangas collected P12.176 billion, 1.2 % higher than the P12.029 billion target;
  • Port of Limay collected P3.642 billion, 15.2% higher than the P3.161 billion target;
  • Port of NAIA collected P3.591 billion, 0.1% higher than the P3.587 billion target;
  • Port of Cebu collected P2.669 billion, 14.0% higher than the P2.341 billion target;
  • Port of Davao collected P2.535 billion, 52.0% higher than the P1.667 billion target;
  • Port of Subic collected P2.189 billion, 17.1% higher than the P1.870 billion target;
  • Port of Cagayan de Oro collected P1.816 billion, 23.8% higher than the P1.467 billion target;
  • Port of Iloilo collected P388 million, 37.9% higher than the P281 million target;
  • Port of San Fernando collected P288 million, 1.2% higher than the P284 million target;
  • Port of Clark collected P145 million, 6.1% higher than the P137 million target;
  • Port of Legaspi collected P71 million, 185% higher than the P25 million target;
  • Port of Tacloban collected P41 million, 75.9% higher than the P23 million target;
  • Port of Zamboanga collected P29 million, 18.1% higher than the P25 million target; and
  • Port of Aparri collected P5.09 million, 4% higher than the P4.89 million target.

Three ports—Manila International Container Port (MICP), Port of Manila, and Port of Surigao—had collections below their targets.

MICP collected P15.609 billion, 2.6% below the P16.021 billion target; Port of Manila collected P7.021 billion, 10.1% lower than the P7.811 billion target; and Port of Surigao was 64.2% below its P2 million target with P1 million.

“I would like to emphasize that the Bureau has been consistently hitting and exceeding the monthly targets since February. We will further step up our collection efforts so that we can hit the full-year target by December. The Bureau is bent on helping the national government fuel its projects for the people,” Customs Commissioner Isidro Lapeña said.

For the period January-September 2018, BOC has collected P435.964 billion, 34.6% higher than the P323.824 billion collection of the same period in 2017.

The nine-month collection was also up by 1.5% versus the collection target for the period of P429.564 billion.

BOC noted that it still has P162.136 billion in revenue to collect in order to hit the full- year 2018 target of P598 billion.

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