Exports from the Philippines declined by 0.9 percent to USD 5.18 billion in February 2019, following an upwardly revised 6.7 percent fall in January, reaching the third straight month of drop. Sales decreased the most for metal components (-27.8 pct), followed by gold (-18.4 pct); machinery and transport equipment (-16.7 pct); other manufactured goods (-12.6 pct); and ignition wiring set and other wiring sets used in vehicles, aircrafts and ship (-3.6 pct). In contrast, sales of electronic products, the country's top exports grew by 0.8 percent. Also, exports rose for: bananas (54.6 pct); cathodes & sections of cathodes, or refined copper (41.3 pct); miscellaneous manufactured articles, not elsewhere specified (21.1 pct), and chemicals (0.01 pct). Exports fell to Singapore (-32.2 pct), Hong Kong (-1.7 pct), and the ASEAN countries (-14.6 pct). Conversely, sales advanced to the US (13.6 pct), China (10.5 pct), and Japan (0.8 pct). Exports in Philippines averaged 1623393.39 USD Thousand from 1957 until 2019, reaching an all time high of 6308844.59 USD Thousand in October of 2018 and a record low of 23000 USD Thousand in October of 1957.

Exports in Philippines is expected to be 5690000.00 USD Thousand by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Exports in Philippines to stand at 5500000.00 in 12 months time. In the long-term, the Philippines Exports is projected to trend around 6100000.00 USD Thousand in 2020, according to our econometric models.

Philippines Exports
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Calendar GMT Actual Previous Consensus TEForecast
2018-12-11 01:00 AM Exports YoY 3.3% 0.8%
2019-01-10 01:00 AM Exports YoY -0.3% 5.5%
2019-03-12 01:00 AM Exports YoY -1.7% -12%
2019-04-11 01:00 AM Exports YoY -0.9% -6.7%
2019-06-11 01:00 AM Exports YoY
2019-07-10 01:00 AM Exports YoY
2019-09-10 01:00 AM Exports YoY


Philippines Trade Last Previous Highest Lowest Unit
Balance of Trade -2788141.78 -3920097.59 1144700.00 -4415446.66 USD Thousand [+]
Current Account -201.15 -987.57 1810.97 -1455.03 USD Million [+]
Current Account to GDP -2.40 -0.70 5.80 -7.70 percent [+]
Imports 7965589.84 9199082.26 10724291.25 37084.30 USD Thousand [+]
Exports 5177448.06 5278984.67 6308844.59 23000.00 USD Thousand [+]
External Debt 78959.57 73097.87 79949.42 20893.00 USD Million [+]
Capital Flows 8.12 6.34 93.66 -35.31 USD Million [+]
Remittances 2300796.70 2483616.40 2849065.80 64208.00 USD Thousand [+]
Tourist Arrivals 687726.00 559057.00 732506.00 63628.00 [+]
Gold Reserves 197.90 197.90 274.42 126.89 Tonnes [+]
Terrorism Index 7.18 7.13 7.27 5.78 [+]
Foreign Direct Investment 610.00 677.00 2256.00 -396.00 USD Million [+]
Crude Oil Production 14.00 14.00 38.00 1.00 BBL/D/1K [+]

Exports by Country  |   Exports by Category  |   Imports by Country  |   Imports by Category



Philippines Exports

Exports in Philippines account for nearly a third of GDP. Major exports are: electronic products (42 percent), other manufactures (10 percent) and woodcrafts and furniture (6 percent). Philippines is also the world’s largest producer of coconut, pineapple and abaca. Philippines's main export partners are: Japan (21 percent), the United States (15 percent), China (12 percent) and Hong Kong (8 percent). This page provides - Philippines Exports - actual values, historical data, forecast, chart, statistics, economic calendar and news. Philippines Exports - actual data, historical chart and calendar of releases - was last updated on April of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
5177448.06 5278984.67 6308844.59 23000.00 1957 - 2019 USD Thousand Monthly




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