NSO explains November export figures

The National Statistics Office (NSO) said yesterday that many of the exporters of electronic products registered declines in their export value in November last year, resulting in the overall drop in the sector’s export figures for that period.

The 10.3 percent decline in the exports of electronic products was mainly attributed to the 13.4-percent decrease on the value of exports of semiconductors. Semiconductors accounted for 65 percent of the total exports of electronic products and 44 percent of the total exports for November last year.

Only a few exporters of electronic products recorded increases on an annual basis.

Electronic products registered annual decreases during the first 11 months of 2003 except in January, March, September and October.

Semiconductors having the share of the electronic sector also declined during these months except in January, February, March, April, September and October.

While semiconductors registered a dip in its annual export value, the other items under electronic products like office equipment, reflected an increase of 59.2 percent automotive electronics, 22.2 percent; and consumer electronics, 1.7 percent.

On a monthly basis, exports of electronic products were down by 8.9 percent and semiconductors, by 15.6 percent. The biggest decrease of 52.2 percent was noted in medical and industrial instrumentation group.

Monthly movements of export values of electronic products during the first 11 months of the year showed negative rates except during the months of March, June, July, September and October. Similarly, semiconductors recorded decreases during these months and during the months of July and October.