Home » Customs & Trade » Clark freeport firms log US$3.8B of exports, $2.9B of imports

CFZTHE value of exports and imports generated in 2013 by locators at the Clark Freeport Zone (CFZ) reached US$3.831 billion and $2.950 billion, respectively, according to data provided by CFZ operator Clark Development Corp (CDC) to PortCalls.

Phoenix Semiconductor Philippines Corp. was the top contributor of export volume at Clark Freeport with $1.93 billion or 50% of the zone’s total exports and $1.585 billion or 54% of its total imports in 2013.

The statistics, extracted from the freeport’s Automated Transit Admission Permit System (e-TAPS) and electronic export documentation (e-ED), also showed e-TAPS recorded total trade of U$17.225 billion, up 8.2% from $15.92 billion in 2012 while e-ED logged $23.654 billion, up 0.49% from $23.538 billion in 2012.

E-TAPS is the electronic lodgment of export and import permit applications in CFZ while e-ED is for export declarations.

Data from CDC also showed the bulk of export cargoes from the CFZ last year were shipped out through Ninoy Aquino International Airport (NAIA).

NAIA handled 43% or P1.649 billion of the export cargoes, while Clark accounted for 39% or P1.486 billion. The Manila International Container Port handled 11% or P437 million of the total, the Port of Manila, 4% or P144 million, and the Subic Bay Metropolitan Authority, 3% or P115 million.

Electronic products remained the Philippines’ top export and, according to the latest data from the National Statistics Office, making up 44.6% or $1.914 billion of the total receipt in November 2013.

Nanox Philippines Inc., manufacturer of small and medium liquid crystal display (LCD) panels/modules, came in second with $973.5 million or 25% of exports and $518.987 million or 18% of imports.

Japanese firm Yokohama Tire Philippines, Inc. was third with $225.309 million of exports and $168.837 million of imports, followed by Chinese firm HLD Clark Steel Pipe Co. Inc. with $149.061 million or 4% of exports and $93.472 million or 3% of imports.

In fifth place were garments firm L&T International Group Phils., Inc. for exports with a value of $124.177 million and electronics/semiconductors manufacturer Amertron Inc. for imports with a value of $91.414 million.

Completing the top exporters list are SMK Electronics Philippines Corp. with $113.567 million; Amertron, Inc. ($66.163 million); SIA Engineering (Phils.) Corp. ($18.59 million); Golden Stone Garments, Inc. ($18.543 million); and Viskase Asia Pacific Corp. ($16.274 million).

Rounding up the top importers are SIA Engineering ($72.988 million); L&T International ($63.326 million); L&K Industries Phils., Inc. ($36.284 million); SMK Electronics ($63.067million); and Airasia Inc. ($27.046 million).

Meanwhile, P648 million worth of new investments in 2014 had been guaranteed for CDC following agreements it signed with four locators before the end of 2013.

These companies are industrial firm Pishon Clark Philippines Inc., tourism company Hubble Multisport Inc. (HMI), Preferred & Proven Therapies Inc. (PPTI) and Korean firm Sambon Precision and Electronics Co. Ltd. –– Roumina M. Pablo

Photo from www.clark.com.ph

No comments yet... Be the first to leave a reply!

Leave a Reply

Your email address will not be published. Required fields are marked *

19 + nine =