Exports from Philippines rose by 3.5 percent from a year earlier to USD 6.17 billion in July 2019, after an upwardly revised 3.3 percent gain in the previous month. It was the fourth straight month of increase in exports, and the fastest growth in nine months, as sales advanced for gold (81.8%), bananas (34.6%), machinery and transport (23.9%), electronic equipment and parts (18.9%); ignition wiring set and other wiring sets used in vehicles, aircraft and ships (17.6%); other mineral products (7.9%), other manufacture goods (5.7%). Also, sales of electronic products, the country's the country's top exports, rose by 2.9 percent. In contrast, sales fell for metal components (-11.8%); chemicals (-2.5%) Exports in Philippines averaged 1652444.34 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 6070000.00 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 6150000.00 in 12 months time. In the long-term, the Philippines Exports is projected to trend around 4960000.00 USD Thousand in 2020, according to our econometric models.