Exports from the Philippines rose by 2.2 percent year-on-year to USD 6.22 billion in September 2020, after a downwardly revised 12.8 percent plunge in August. This was the first rise in exports since February, as more countries relaxed COVID-19 lockdowns. Sales expanded for cathodes and sections of cathodes (133.9%), other mineral products (73.3%), metal components (32.9%), chemicals (25.9%), electronic equipment and parts (24.3%), other manufactured goods (5.4%), and electronic products (0.8%). In contrast, exports fell for bananas (-32.9%), machinery and transport equipment (-2.7%), and ignition wiring sets and other wiring sets used in vehicles, aircraft, and ships (-1%). Shipments rose to China (43.3%), Japan (0.7%), the US (14.5%), Singapore (9.1%), Thailand (21.9%), Germany (7.7%), and the ASEAN countries (10.1%). In contrast, sales fell to the US (-3.4%), Hong Kong (-7.5%), South Korea (-47%), and the EU (-6.9%). source: National Statistics Office of Philippines
Exports in Philippines averaged 1721610.06 USD Thousand from 1957 until 2020, reaching an all time high of 6341727.87 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. Philippines Exports - data, historical chart, forecasts and calendar of releases - was last updated on November of 2020.
Exports in Philippines is expected to be 4750000.00 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 4950000.00 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.