Exports from the Philippines jumped 21.4% yoy to USD 5.74 billion in December 2019, after a downwardly revised 0.4% fall in November. Sales grew for most categories: cathodes and section od cathodes (471.2%); bananas (34.9%), gold (30.2%), electronic products (24.9%), chemicals (18.2%), machinery and transport equipment (12.6%), other manufactured goods (10.4%); ignition wiring set and other wiring sets used in vehicle, aircrafts and ships (3.5%), and coconut oil (1.1%). In contrast, exports of metal components fell 17.9%. By country, sales rose to the US (17.1%), Hong Kong (33.8%), China (54.6%), Japan (12.7%), Singapore (19.7%), South Korea (44.4%), the ASEAN countries (16.5%) and the EU (1.3%). In contrast, exports dropped to Germany (-3.5%), Netherlands (-7.5%) and Indonesia (-29.7%).
Exports in Philippines averaged 1681087.26 USD Thousand from 1957 until 2019, reaching an all time high of 6327462.51 USD Thousand in October of 2019 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. source: National Statistics Office of Philippines
Exports in Philippines is expected to be 6090000.00 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 4750000.00 in 12 months time. In the long-term, the Philippines Exports is projected to trend around 4960000.00 USD Thousand in 2021, according to our econometric models.