Exports from the Philippines declined 12.3 percent year-on-year to USD 4.72 billion in December 2018, far faster than a 0.3 percent fall in the previous month and marking the second straight month of drop. Sales of electronic products, the country's top exports, contracted 15.2 percent. Also, exports fell for: machinery and transport equipment (-53.1 percent), coconut oil (-24.8 percent), and other manufactured goods (-9 percent). In contrast, sales rose for: bananas (296.1 percent); processed food and beverages (61.8 percent); miscellaneous manufactured articles (27.6 percent); ignition wiring set and other wiring set used in vehicles, aircrafts and ship (23.1 percent); metal components (14.5 percent); and chemicals (6.7 percent). Outbound shipments fell to Japan (-1.2 percent), Hong Kong (-17 percent), China (-11 percent), Singapore (-19 percent), the ASEAN countries (-5 percent), and and the EU countries (-27.1 percent). Conversely, sales grew to the US (9.9 percent). Exports in Philippines averaged 1601556.41 USD Thousand from 1957 until 2018, reaching an all time high of 6183354.44 USD Thousand in August of 2018 and a record low of 23000 USD Thousand in October of 1957.

Exports in Philippines is expected to be 5830000.00 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 5930000.00 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
2018-10-10 01:00 AM Exports YoY 3.1% 0.3%
2018-11-07 01:00 AM Exports YoY -2.6% 3.4%
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 -12.3%
2019-04-11 01:00 AM Exports YoY
2019-06-11 01:00 AM Exports YoY


Philippines Trade Last Previous Highest Lowest Unit
Balance of Trade -3752000.00 -3901000.00 1144700.00 -4080961.80 USD Thousand [+]
Current Account -1254.49 -1035.06 1810.97 -1455.03 USD Million [+]
Current Account to GDP -0.80 -0.40 5.80 -7.70 percent [+]
Imports 8473220.00 9469396.52 10320011.78 37084.30 USD Thousand [+]
Exports 4720880.00 5568794.00 6239050.00 23000.00 USD Thousand [+]
External Debt 73097.87 76621.97 79949.42 20893.00 USD Million [+]
Capital Flows 2.07 -5.93 93.66 -35.31 USD Million [+]
Remittances 2849065.80 2326000.00 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 531.00 491.00 2256.00 -396.00 USD Million [+]
Crude Oil Production 13.00 13.00 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 February of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
4720880.00 5568794.00 6239050.00 23000.00 1957 - 2018 USD Thousand Monthly




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