Thursday, November 6, 2008

US Still Mindanao's Top Export Market

The United States is still the top export market of Mindanao.

Data from the Mindanao Economic Development Council shows that 25% of Mindanao's exported products go to the United States making it the island's top export market providing $378.65 million worth of export earnings to the island.

The top two export market of Mindanao is Japan which accounted for 20% of the island's export earnings. Mindanao registered a total of $309.19 million in export earnings from Japan for the first semester of the year.

Indonesia and Taiwan ranks as the 8th and 9th top destination of Mindanao's export products during the same period. The amount of products exported by Mindanao to Indonesia increased seven-fold from $4 million during the first six months of 2007 to $34 million during the said period this year. Mindanao's export to Taiwan on the other hand increased by almost 70% from $18 million during the first semester of 2007 to $31 million during the same period this year.

The other major export market of Mindanao are Netherlands, China, South Korea, Malaysia, Iran and Singapore.

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