June was another exciting month for the manufacturing sector as we read a lot of announcements: upcoming release of the Integrated manufacturing roadmap, the revival of the Industry Development Council, NEDA Sec Balisacan on Philippine manufacturing and JG Summit Petrochemical US$ 800 million project and Shimano’s investment in the Philippines.
My favourite quote from the month of June is:
“We think there’s gonna be a revival of manufacturing in this country” – Lance Gokongwei, Inquirer, June 28, 2013
- Government to revive Industry Development Council by 2014, ABS-CBNNEWS.com – Jun 30 05:09pm
- Brisk investments in manufacturing seen, Manila Bulletin via Yahoo! Philippines News – Jun 30 09:58am
- Positive power subsidy resolution seen, Manila Bulletin via Yahoo! Philippines News – Jun 30 09:56am
- Peza sees more investments in second half, Inquirer – Jun 30 05:31am
- Gov’t game plan to revive manufacturing ready, up for implementation in 2014, InterAksyon – Jun 30 03:32am
- Manufacturing map out this month, BusinessWorld Online Edition-Jun 30, 2013
- Manufacturing roadmap to be launched in July, Inquirer.net-Jun 30, 2013
- JG Summit naphtha cracker plant ready by 2014, Inquirer – Jun 28 07:06am
- JG Summit sets bigger $1-B budget, BusinessWorld Online – Jun 27 09:36am
- Manufacturing sector to get fresh boost, Inquirer.net-Jun 26, 2013
- PHL urged to institute labor, manufacturing, infrastructure reforms, GMA News Online – Jun 26 05:56pm
- A tennis ball’s 50000 mile journey to Wimbledon, Leamington Observer-Jun 26, 2013
- Experts: PHL must focus on labor, manufacturing, infrastructure reforms, GMA News Online – Jun 26 06:26am
- Weak peso has its own benefits: Balisacan, Malaya-Jun 25, 2013
- Phl still attractive to Japanese investors, Philippine Star-Jun 25, 2013
- Japanese bicycle parts maker Shimano to put up plant in Batangas, GMA News-Jun 25, 2013
- Shimano invests P1.7B in PH factory, Inquirer.net-Jun 25, 2013
- More Japan manufacturing firms coming, Manila Bulletin via Yahoo! Philippines News – Jun 25 11:05am
- Long list of Japan manufacturers eyeing to locate in PH — official, Rappler-by Aya Lowe-Jun 25, 2013
- Industry clustering to help attain inclusive growth, Sun Star – Jun 25 10:06am
- As Philippines touts manufacturing renaissance, Japan envoy asks: Where’s the steel?, InterAksyon – Jun 25 04:24am
- Philippines Tyre Market Set to Reach USD 2.8 Billion by 2018 Finds …, Newswire Today (press release)-Jun 24, 2013
- Manufacturing sector seen to post stronger growth figures, Inquirer.net-Jun 23, 2013
In past two years, public perception on manufacturing have changed significantly. What was seen as a laggard is now seen as a solution to our sustainable and inclusive growth. But is our manufacturing sector large enough to make an impact?
To have a clear understanding of where we stand compared to other countries in terms of manufacturing, I charted three sets of data: (1) size of manufacturing sector of each country, also known as manufacturing value added (MVA), (2) growth of each country’s MVA in the last 5 years, (3) manufacturing share of GDP. All data were taken from the World Bank Databank, reference year is 2010, includes a total of 214 countries.
The data shows that the Philippine manufacturing sector is the 24th largest in the world, out of 214 countries in the database. Further, the bubble chart shows that the Philippines is in the upper right quadrant of countries that have rapidly growing manufacturing sector, and a high share of GDP compared to the rest of the world.
Given these figures, I believe the Philippine manufacturing sector contributes significantly to global manufacturing, and we have this manufacturing base to accelerate the growth of our economy.
Country Ranking of size of manufacturing sector (Top 50)