Exports from the Philippines rose by 6.3% yoy to USD 6.68 billion in September 2021, easing sharply from an upwardly revised 18.9 percent growth in August. Still, this was the 7th straight month of increase in overseas sales, on the back of softening global demand and disruptions in logistics and supply chain. Sales mainly rose for chemicals (55.4%), gold (44.3%), cathodes and sections of cathodes, of refined copper (39.8%), coconut oil (21.1%), other mineral products (17%), other manufactured goods (7.1%), and electronic products (5.4%). In contrast, shipments mostly fell for both machinery and transport equipment (-27.8%), and metal components (-22.8%). Exports gained to the US (27.27%), Hong Kong (13.2%), Singapore (15.4%), Thailand (6.4%), Taiwan (16.2%), the ASEAN countries (12%), and the EU (0.6%). By contrast, exports fell to China (-14.7%), and the Netherlands (-13.5%). Considering the January to September period, shipments grew 18% yoy to USD 55.68 billion. source: National Statistics Office of Philippines
Exports in Philippines averaged 1790063.02 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 December of 2021.
Exports in Philippines is expected to be 5650000.00 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.