Toyota unit’s export sales exceed pre-pandemic level

MANILA, Philippines — Toyota Motor Philippines Logistics Inc. (TLI), a wholly owned subsidiary of Toyota Motor Philippines Corp., saw its export sales surpass pre-pandemic level in 2021, as operations were allowed to continue despite the health crisis.

Data from TMP showed TLI’s sales reached $175.16 million last year, up 43 percent from $122.307 million in 2020, and 29 percent higher than the pre-pandemic sales of $135.688 million in 2019.

“TLI attributes its success to a large extent to the government’s policy which allowed unhampered operations of logistics service providers and export-oriented businesses even during the pandemic,” TMP said.

TLI’s sales also reflected the global market recovery momentum. Exports to top destinations including Thailand, Pakistan, Brazil, South Africa and Indonesia posted growth.

Last year, Toyota group’s exports accounted for 32 percent of total Philippine exports of automotive parts and components.

TLI, which is registered with the Philippine Economic Zone Authority as an ecozone logistics service enterprise in Sta. Rosa, Laguna, is responsible for handling exports of multi-sourced Toyota original equipment manufacturer (OEM) parts, spare parts and accessories.

Established in 2016, TLI serves as a warehousing and logistics services provider, catering to Toyota affiliates worldwide.

At present, it exports to over 30 destinations in five continents.

TMP said TLI was recognized as Top 3 Taxpayer under the non-individual taxpayer category by Bureau of Internal Revenue Revenue District Office No. 57.

TLI remitted a total of $1.25 million in the form of withholding taxes to the national government for taxable year 2021.

TMP said the amount is one of the highest collected by the RDO from the whole of Cabuyao, Sta. Rosa, Biñan and San Pedro in Laguna.

*A version of this story published yesterday incorrectly said Toyota Motor Philippines Logistics Inc.’s sales reached $175,164 last year, $122,307 in 2020, and $135,688 in 2019, instead of $175.164 million last year, $122.307 million in 2020, and $135.688 million in 2019. We apologize for the error.