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.