Exports from the Philippines jumped 72.1 percent year-on-year to USD 5.72 billion in April 2021. This was the steepest increase in outbound shipments in over ten years, boosted by strengthening overseas demand as more countries eased COVID-19 restrictions. All the top ten major commodity groups recorded annual increases, led by ignition wiring sets and other wiring sets used in vehicles, aircraft, and ships (1,237.6%), metal components (345.2%), miscellaneous manufactured articles ( 256.1%), and electronic products (62.6%). Considering the January to April period exports rose 19 percent from the same period of 2020. source: National Statistics Office of Philippines

Exports in Philippines averaged 1765068.17 USD Thousand from 1957 until 2021, reaching an all time high of 6684330 USD Thousand in March of 2021 and a record low of 23000 USD Thousand in October of 1957. This page provides - Philippines Exports - actual values, historical data, forecast, chart, statistics, economic calendar and news. Philippines Exports - data, historical chart, forecasts and calendar of releases - was last updated on June of 2021.

Exports in Philippines is expected to be 5550000.00 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 5300000.00 in 12 months time. In the long-term, the Philippines Exports is projected to trend around 5300000.00 USD Thousand in 2022, according to our econometric models.

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Philippines Exports

Actual Previous Highest Lowest Dates Unit Frequency
5720000.00 6684330.00 6684330.00 23000.00 1957 - 2021 USD Thousand Monthly


Calendar GMT Actual Previous Consensus TEForecast
2021-03-12 01:00 AM Jan -5.2% 1.7%
2021-04-08 01:00 AM Feb -2.3% -4.8%
2021-05-07 01:00 AM Mar 31.6% -1.5%
2021-06-09 01:00 AM Apr 72.1% 31.6%


News Stream
Philippines Exports Rise the Most in More than a Decade
Exports from the Philippines jumped 72.1 percent year-on-year to USD 5.72 billion in April 2021. This was the steepest increase in outbound shipments in over ten years, boosted by strengthening overseas demand as more countries eased COVID-19 restrictions. All the top ten major commodity groups recorded annual increases, led by ignition wiring sets and other wiring sets used in vehicles, aircraft, and ships (1,237.6%), metal components (345.2%), miscellaneous manufactured articles ( 256.1%), and electronic products (62.6%). Considering the January to April period exports rose 19 percent from the same period of 2020.
2021-06-09
Philippines Exports Rise the Most in Over a Decade
Exports from the Philippines soared 31.6 percent year-on-year to a record high of USD 6.68 billion in March 2021, after a downwardly revised 1.5 percent fall a month earlier. This was the steepest pace of growth in outbound shipments since September 2010, amid a rebound in foreign demand as the global economy recovered further from the COVID-19 crisis. Sales expanded for all commodity groups: mineral products (195.8%), chemicals (159.8%), other manufactured goods (115.7%), metal components (84.4%), electronic equipment (63.1%), cathodes and sections of cathodes (57.7%), machinery & transport equipment (45.7%), electronic products (25%), ignition wiring sets and other wiring sets used in vehicles, aircraft and ships (21.9%), and coconut oil (7.8%). Shipments advanced to the US (34.8%), China (72.6%), Germany (52.3%), Singapore (22.1%), the Netherlands (29.5%), Japan (19.5%), Hong Kong (8.4%), Thailand (27.9%), Taiwan (32.1%), the EU (48.8%) and the ASEAN countries (34.5%).
2021-05-07
Philippines Exports Fall at Softer Pace
Exports from the Philippines dropped by 2.3 percent year-on-year to USD 5.31 billion in February 2021, after a downwardly revised 4.8 percent fall a month earlier, amid the ongoing coronavirus pandemic. Sales fell for other manufactured goods (-2.2%), machinery and transport equipment (-4.1%), cathodes and sections of cathodes (-24.8%). Meanwhile, exports advanced for other mineral products (37.4%), coconut oil (21.4%), chemicals (80.5%), metal components (18.4%), ignition wiring sets and other wiring sets used in vehicles, aircraft, and ships (1.3%), miscellaneous manufactured articles (21.2%), and electronic products (0.4%). Shipments declined to Germany (-4.0%), Singapore (-17.8%), South Korea (-11.2%), Japan (-5.6%), Hong Kong (-0.7%), the Malaysia (-18.2%), Taiwan (-14.7%), the EU (-8.3%) and the ASEAN countries (-0.9%). Meanwhile, exports rose to the US (2.5%), Thailand (1.4%), China (7.7%).
2021-04-08
Philippines Exports Fall 5.2% YoY
Exports from the Philippines dropped by 5.2 percent year-on-year to USD 5.49 billion in January 2021, after an upwardly revised 1.7 percent growth in December, amid weakening global demand due to the coronavirus pandemic. Sales shrank for bananas (-46.9%), other manufactured goods (-12.8%), machinery and transport equipment (-11.9%), and coconut oil (-11.7%). On the flip side, exports grew for chemicals (50.6%), metal components (15.3%), ignition wiring sets and other wiring sets used in vehicles, aircraft, and ships (13.6%), miscellaneous manufactured articles (9.1%), cathodes and sections of cathodes (5%), and electronic products (0.3%).Shipments declined to Singapore (-10.8%), South Korea (-25.3%), Japan (-13.4%), the US (-9.3%), Hong Kong (-12.1%), the Netherlands (-24.4%), and the EU (-6.6%). Meanwhile, exports rose to Thailand (10.7%), China (16.7%), Germany (4.2%), Taiwan (22.1%), and the ASEAN countries (2.1%).
2021-03-12

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).

United Nations Comtrade Database
Exports by Country  |   Exports by Category  |   Imports by Country  |   Imports by Category