Exports from the Philippines dropped by 0.2 percent year-on-year to USD 5.77 billion in December 2020, after an upwardly revised 4.0 percent growth in November, amid weakening global demand due to the coronavirus pandemic. Sales shrank the most for cathodes and sections of cathodes (-21.0%), followed by machinery and transport equipment (-11.1%) and gold (-0.5%). Conversely, exports rose for other mineral products (47.1%), coconut oil (40.4%), ignition wiring sets and other wiring sets used in vehicles, aircraft, and ships (12.9%), metal components (19.8%), chemicals (9.1%), electronic products (4.9%) and other manufactured products (1.9%). Shipments declined to Singapore (-17.3%), South Korea (-10.8%), Japan (-4.7%), China (-3.0%) and the EU (-7.1%). Meanwhile, exports rose to the US (1.2%), Thailand (12.4%), Germany (12.1%), Taiwan (10.1%), and the ASEAN countries (2.9%). For the full year of 2020, exports fell 10.1% from a year earlier, after a 2.3% rise in 2019. source: National Statistics Office of Philippines

Exports in Philippines averaged 1733957.57 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 February of 2021.

Exports in Philippines is expected to be 4930000.00 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 4960000.00 in 12 months time. In the long-term, the Philippines Exports is projected to trend around 4960000.00 USD Thousand in 2022, according to our econometric models.

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Philippines Exports

Actual Previous Highest Lowest Dates Unit Frequency
5737730.00 5850040.00 6341727.87 23000.00 1957 - 2020 USD Thousand Monthly


Calendar GMT Actual Previous Consensus TEForecast
2020-11-04 01:00 AM Sep 2.2% -12.8%
2020-12-10 01:00 AM Oct -2.2% 2.9%
2021-01-08 01:00 AM Nov 3% -1.2%
2021-01-27 01:00 AM Dec -0.2% 4.0%


News Stream
Philippines Exports Fall 0.2% YoY in December
Exports from the Philippines dropped by 0.2 percent year-on-year to USD 5.77 billion in December 2020, after an upwardly revised 4.0 percent growth in November, amid weakening global demand due to the coronavirus pandemic. Sales shrank the most for cathodes and sections of cathodes (-21.0%), followed by machinery and transport equipment (-11.1%) and gold (-0.5%). Conversely, exports rose for other mineral products (47.1%), coconut oil (40.4%), ignition wiring sets and other wiring sets used in vehicles, aircraft, and ships (12.9%), metal components (19.8%), chemicals (9.1%), electronic products (4.9%) and other manufactured products (1.9%). Shipments declined to Singapore (-17.3%), South Korea (-10.8%), Japan (-4.7%), China (-3.0%) and the EU (-7.1%). Meanwhile, exports rose to the US (1.2%), Thailand (12.4%), Germany (12.1%), Taiwan (10.1%), and the ASEAN countries (2.9%). For the full year of 2020, exports fell 10.1% from a year earlier, after a 2.3% rise in 2019.
2021-01-27
Philippines Exports Grow 3% YoY
Exports from the Philippines rose by 3.0 percent year-on-year to USD 5.79 billion in November 2020, after a 1.2 percent fall in October, amid recovering global demand as more countries eased COVID-19 lockdown restrictions. Sales grew the most for cathodes and sections of cathodes (83.2%), followed by gold (59.5%), coconut oil (40.4%), ignition wiring sets and other wiring sets used in vehicles, aircraft, and ships (27.2%), metal components (15.6%), chemicals (11.9%), and electronic products (4.6%). In contrast, exports fell for other mineral products (-14.4%), other manufactured products (-14.4%), and machinery and transport equipment (-5.9%).Shipments increased to the US (6.2%), China (32.5%), Malaysia (4.0%), Thailand (8.6%), Germany (0.4%), Taiwan (18.4%), and the ASEAN countries (3.3%). By contrast, sales fell to Japan (-7.0%), Hong Kong (-5.4%), South Korea (-21.8%), Malaysia (4.0%), Singapore (-2.6%), and the EU (-5.8%).
2021-01-08
Philippines Exports Fall 2.2% YoY
Exports from the Philippines dropped by 2.2 percent year-on-year to USD 6.20 billion in October 2020, after an upwardly revised 2.9 percent gain in September, as the COVID-19 disruption crippled global demand. Sales fell the most for bananas (-42.5%), followed by ignition wiring sets and other wiring sets used in vehicles, aircraft, and ships (-9.5%), miscellaneous manufactured articles (-7%), machinery and transport equipment (-6.3%), and electronic products (-0.3%). In contrast, exports grew for cathodes and sections of cathodes (367.8%), other mineral products (76.6%), metal components (14.9%), chemicals (11.2%), and other manufactured goods (8.6%). Shipments shrank to the US (-6.6%), Japan (-1.4%), Hong Kong (-14.7%), South Korea (-16.9%), Malaysia (-1.9%), Netherlands (-10.8%), and the EU (-10.5%). On the flip side, sales rose to China (12.7%), Thailand (10.5%), Germany (4.7%), Taiwan (12.1%), Vietnam (23.4%), and the ASEAN countries (10.4%)
2020-12-10
Philippines Exports Grow for First Time Since February
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%).
2020-11-04

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).

United Nations Comtrade Database
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