Exports from the Philippines fell 0.7 percent year-on-year to USD 5.59 billion in November 2019, shifting from an upwardly revised 0.3 percent growth in the previous month. Sales contracted for ignition wiring set and other wiring sets used in vehicles, aircrafts and ships (-23.7%), machinery and transport equipment (-21.7%), and electronic equipment and parts (-20.5%). In contrast, exports grew for other mineral products (74.9%), other manufactured goods (41.5%), cathodes and section of cathodes, of refined copper (36%), bananas (11.1%), metal components (3%), and chemicals (0.1%). Electronic products, the country's top sales, rose 1.4%. By country, sales dropped to the US (-0.4%), South Korea (-16.5%), Taiwan (-17%), Netherlands (-22.1%), the ASEAN countries (-5.4%) and the EU (-8.4%) Conversely, exports were up to Japan (4.9%), Hong Kong (6.7%), China (2.9%), Singapore (4.9%), Thailand (11.9%) and Germany (8.4%). Exports in Philippines averaged 1675708.18 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. 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 2020, according to our econometric models.

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Philippines Exports

Actual Previous Highest Lowest Dates Unit Frequency
5596481.56 6327462.51 6327462.51 23000.00 1957 - 2019 USD Thousand Monthly


Calendar GMT Actual Previous Consensus TEForecast
2019-10-10 01:00 AM Aug 0.6% 3.5%
2019-11-06 01:00 AM Sep -2.6% 0.8%
2019-12-10 01:00 AM Oct 0.1% -1.2%
2020-01-10 01:00 AM Nov -0.7% 0.3%


News Stream
2019-12-10
Philippines Exports Edge Up 0.1% YoY in October
Exports from the Philippines inched higher 0.1 percent from a year earlier to USD 6.32 billion in October 2019, reversing from a downwardly revised 1.2 percent fall in September. Sales increased for travel goods and handbags (155.9%); other mineral products (84.9%); gold (52.9%); bananas (15.7%); other manufactured goods (4.6%); ignition wiring set and other wiring sets used in vehicles, aircraft and ships (2%). Also, sales of electronic products, the country’s top exports, rose 7.0%. By contrast, exports shrank for machinery and transport equipment (-42.7%); chemicals (-18.4%), and metal component (-16.7%). Export grew to the US (7.9%), Japan (4.5%), South Korea (31.2%), Hong Kong (13.8%), and Malaysia (1.6%). Conversely, sales decreased to China (-0.9%), Singapore (-8.7%), Thailand (-8.6%), and Netherlands (-7.9%).

2019-11-06
Philippines Exports Fall for First Time in 6 Months
Exports from the Philippines fell by 2.6 percent from a year earlier to USD 5.90 billion in September 2019, reversing from an upwardly revised 0.8 percent growth in August. This was the first yearly fall in exports since March, as sales shrank for metal components (-25.8%); articles of apparel and clothing (-20.7%); machinery and transport equipment (-20%); miscellaneous manufactured articles, n.e.s. (-8.1%); ignition wiring set and other wiring sets used in vehicles, aircraft and ships (-7%); other manufactured goods (-6.3%); and gold (-1.8%). In contrast, exports grew for other mineral products (89.6%), and bananas (55.5%). Also, sales of electronic products, the country’s top exports, rose 3.8%. Export dropped to the US (-7.1%), Singapore (-17.1%), Thailand (-16.1%), Taiwan (-12.6%), Netherlands (-27%), the ASEAN countries (-17%), and the EU (-4.8%). In contrast, sales rose to Japan (19.1%), Hong Kong (5.3%), China (0.9%), and South Korea (64.1%).

2019-10-10
Philippines Exports Rise for 5th Month
Exports from Philippines rose by 0.6 percent from a year earlier to USD 6.25 billion in August 2019, after a 3.5 percent gain in the previous month. It was the fifth straight month of increase in exports, but the smallest growth, as sales advanced for gold (93.2%), ignition wiring set and other wiring sets used in vehicles, aircraft and ships (7.6%). Also, sales of electronic products, the country's the country's top exports, rose by 6.6 percent. In contrast, sales fell for cathodes and sections of cathodes, of refined copper (-39.2%); metal components (-3.7%); chemicals (-16.1%); bananas (-1.3%); machinery and transport (-10.8%); other mineral products (-8.3%), other manufacture goods (-17.7%). Among the Philippines' major trading partners sales advanced to the US (7.0%), China (1.6%), South Korea (38.7%). Conversely, exports contracted to Japan (-2.9%), the EU countries (-3.2%). and the ASEAN countries (-5.4%).

2019-08-07
Philippines Exports Rise the Most in 3 Months
Exports from the Philippines rose by 1.5 percent year-on-year to USD 6.01 billion in June 2019, following a 1.0 percent gain in May. It was the third straight month of increase in exports, and the fastest growth, as sales advanced for cathodes & sections of cathodes, of refined copper(41.7%); bananas (24.4%); ignition wiring set and other wiring sets used in vehicles, aircrafts and ships (17.6%); gold (10.1%); and machinery and transport equipment (3.0%). Also, sales of electronic products, the country's the country's top exports, rose by 4.3 percent. In contrast, sales fell for metal components (-11.0%); other manufactured products (-5.7%). Among the Philippines' major trading partners sales advanced to the US (9.2%), China (5.7%), Japan (2.0%). Conversely, exports contracted to, Singapore (-14.4%), Taiwan (-17.4%), the EU countries (-3.5%), and the ASEAN countries (-4.4%). Considering January to June, exports fell 0.8 percent from the same period of 2018.

2019-07-10
Philippines Exports Rise for 2nd Straight Month
Exports from the Philippines rose by 1.0 percent year-on-year to USD 6.15 billion in May 2019, unchanged from an upwardly revised figure in April. It was the second straight month of increase in exports, as sales advanced for copper concentrates (192.1%); ignition wiring set and other wiring sets used in vehicles, aircrafts and ships (31.7%); bananas (28.6%); chemicals (20.1%); metal components (14.0%), gold (8.3%), other mineral products (7.0%). Also, sales of electronic products, the country's the country's top exports, rose by 6.2 percent. In contrast, sales fell for machinery and transport equipment (-59.2%); other manufactured products (-5.4%). Among the Philippines' major trading partners sales advanced to the US (23.1%), China (11.5%), Thailand (8.1%), Germany (5%), Japan (1.2%).In contrast, exports contracted to South Korea (-19.7%), Singapore (-14.7%), Taiwan (-13.4%), Netherlands (-8.1%), Hong Kong (-4.4%), the EU countries (-17.5%), and the ASEAN countries (-1.2%).

2019-06-11
Philippines Exports Rise for 1st Time in 5 Months
Exports from the Philippines grew by 0.4 percent year-on-year to USD 5.51 billion in April 2019, reversing from a downwardly revised 1.8 percent decline in March. It was the first increase in overseas sales in five months, as sales advanced for bananas (76.7%); gold (36.1%); machinery and transport equipment (28.5%); coconut oil (18.1%); ignition wiring set and other wiring sets used in vehicles, aircrafts and ships (14.5%); and other manufactured products (4%). Also, sales of electronic products, the country's the country's top exports, increased by 3 percent. In contrast, sales fell for metal components (-27.2%), chemicals (-12.9%), and other mineral products (-11.9%). Among the Philippines' major trading partners sales advanced to the US (10.6%), China (20.4%), South Korea (46.5%), and Thailand (9.7%). In contrast, exports contracted to Japan (-2.4%), Hong Kong (-16.2%), Singapore (-25.2%), the ASEAN countries (-5.1%), and the EU countries (-9%).


Philippines Exports
Exports in Philippines account for nearly a third of GDP. Major exports are: electronic products (42 percent), other manufactures (10 percent) and woodcrafts and furniture (6 percent). Philippines is also the world’s largest producer of coconut, pineapple and abaca. Philippines's main export partners are: Japan (21 percent), the United States (15 percent), China (12 percent) and Hong Kong (8 percent).

Philippines Trade Last Previous Highest Lowest Unit
Balance of Trade -3341861.07 -3240253.49 1144700.00 -4415446.66 USD Thousand [+]
Current Account -81.51 664.11 1810.97 -1409.65 USD Million [+]
Current Account to GDP -2.40 -0.70 5.80 -7.70 percent [+]
Imports 8938342.63 9567715.99 10724291.25 37084.30 USD Thousand [+]
Exports 5596481.56 6327462.51 6327462.51 23000.00 USD Thousand [+]
External Debt 78959.57 73097.87 79949.42 20893.00 USD Million [+]
Capital Flows 5.70 5.70 93.66 -35.31 USD Million [+]
Remittances 2671198.90 2379042.00 2849065.80 64208.00 USD Thousand [+]
Tourist Arrivals 638549.00 606553.00 766865.00 63628.00 [+]
Gold Reserves 197.93 197.93 274.42 126.89 Tonnes [+]
Terrorism Index 7.14 7.18 7.27 5.78 [+]
Foreign Direct Investment 672.00 566.00 2256.00 -396.00 USD Million [+]


United Nations Comtrade Database
Exports by Country  |   Exports by Category  |   Imports by Country  |   Imports by Category