Exports from the Philippines rose by 12.7% yoy to USD 6.42 billion in July 2021, after an upwardly revised 18.8 percent growth in June. This was the fifth straight month of increase in overseas sales, amid continued recovery in foreign demand in the wake of the COVID-19 pandemic. Sales of major commodity groups mostly expanded: coconut oil (207.7%); cathodes and sections of cathodes (84.6%); ignition wiring sets and other wiring sets used in vehicles, aircraft, and ships (28.6%), other manufactured goods (27.5%), metal components (18.5%), and electronic products (10.1%). By contrast, exports of machinery and transport equipment fell by 5.4%. Shipments increased to China (16.1%), the US (16.0%), Japan (18.2%), Hong Kong (13.6%), Japan (13.2%), Singapore (5.6%), Thailand (4.8%), South Korea (4.8%), Germany (4.1%), the ASEAN (15.9%), and the EU (10.9%). Considering the January to July period, shipments grew 19.7% from the same period of 2020. source: National Statistics Office of Philippines

Exports in Philippines averaged 1782465.72 USD Thousand from 1957 until 2021, reaching an all time high of 6773590 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 September of 2021.

Exports in Philippines is expected to be 5350000.00 USD Thousand by the end of this quarter, according to Trading Economics global macro models and analysts expectations. 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
6421140.74 6505425.82 6773590.00 23000.00 1957 - 2021 USD Thousand Monthly


Calendar GMT Actual Previous Consensus TEForecast
2021-06-09 01:00 AM Apr 72.1% 31.6%
2021-07-09 01:00 AM May 29.8% 74.1%
2021-08-06 01:00 AM Jun 17.6% 30.8%
2021-09-09 01:00 AM Jul 12.7% 18.8%


News Stream
Philippines Exports Grow for 5th Month
Exports from the Philippines rose by 12.7% yoy to USD 6.42 billion in July 2021, after an upwardly revised 18.8 percent growth in June. This was the fifth straight month of increase in overseas sales, amid continued recovery in foreign demand in the wake of the COVID-19 pandemic. Sales of major commodity groups mostly expanded: coconut oil (207.7%); cathodes and sections of cathodes (84.6%); ignition wiring sets and other wiring sets used in vehicles, aircraft, and ships (28.6%), other manufactured goods (27.5%), metal components (18.5%), and electronic products (10.1%). By contrast, exports of machinery and transport equipment fell by 5.4%. Shipments increased to China (16.1%), the US (16.0%), Japan (18.2%), Hong Kong (13.6%), Japan (13.2%), Singapore (5.6%), Thailand (4.8%), South Korea (4.8%), Germany (4.1%), the ASEAN (15.9%), and the EU (10.9%). Considering the January to July period, shipments grew 19.7% from the same period of 2020.
2021-09-09
Philippines Export Growth Slows Sharply
Exports from the Philippines rose by 17.6% yoy to USD 6.50 billion in June 2021, after an upwardly revised 30.8 percent surge in May. This was the fourth straight month of increase in outbound shipments, as foreign demand continued to recover in the aftermath of the COVID-19 pandemic. Sales of major commodity groups mostly expanded, led by cathodes and sections of cathodes (161.1%); ignition wiring sets and other wiring sets used in vehicles, aircraft, and ships (53.4%), other manufactured goods (40.5%), and electronic products (12%). Sales increased to the US (23.8%), China (14.8%), the US (84.6%), Japan (18.2%), Hong Kong (17.9%), Thailand (39.7%), Germany (45.4%), the ASEAN (14.5%), and the EU (11.5%). In contrast, sales dropped to Singapore (-0.9%) and South Korea (-10.1%). Considering the January to June period, shipments grew 20.9% from the same period of 2020.
2021-08-06
Philippines Exports Rise for 3rd Month
Exports from the Philippines rose by 29.8 percent year-on-year to USD 5.89 billion in May 2021, after an upwardly revised 74.1 percent surge a month earlier. This was the third straight month of increase in outbound shipments, as foreign demand continued to recover in the aftermath of the COVID-19 pandemic. Sales of major commodity groups mostly expanded, led by ignition wiring sets and other wiring sets used in vehicles, aircraft, and ships (220.7 percent), metal components (150.8 percent), cathodes and sections of cathodes (135.4 percent), electronic equipment, and parts (101.2 percent), and other manufactured goods (78.3 percent). In contrast, exports of machinery and transport equipment fell 5.6 percent. Sales increased to China (22.3%), the US (84.6%), Japan (7.7%), Singapore (7.7%), Thailand (68%), Germany (78%), the ASEAN (42.9%), and the EU (37%). Considering the January to May period, shipments went up 21.4 percent from the same period of 2020.
2021-07-09
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
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