Exports from the Philippines fell by 13.3% yoy to USD 5.33 billion in June 2020, after a downwardly revised 26.9% plunge in May. Sales fell for most categories: metal coponentgs (-30.5%); coconut oil (-29.7%); machinery and transport equipment (-26.3%); ignition wiring sets and other wiring sets used in vehicles, aircraft and ships (-25.8%), bananas (-17.4%); other manufactured goods (-16.9%), cathodes and sections of cathodes (-10.4%). Exports of electronic products, the country's top sales, also shrank -10.4%.In contrast, sales rose for both other mineral products (59.5%), and chemicals (3.3%). Shipments contracted to Japan (-9.3%), Hong Kong (-6.9%), the US (-23.6%), Singapore (-5.2%), South Korea (-21.7%), Taiwan (-4.3%), the ASEAN countries (-11.5%), and the EU (-23.7%).On the other hand, sales to China grew by 2.8%.

Exports in Philippines averaged 1705979.52 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 August of 2020. source: National Statistics Office of Philippines

Exports in Philippines is expected to be 3950000.00 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 5150000.00 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.

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Philippines Exports

Actual Previous Highest Lowest Dates Unit Frequency
5331280.00 4533820.00 6341727.87 23000.00 1957 - 2020 USD Thousand Monthly


Calendar GMT Actual Previous Consensus TEForecast
2020-05-06 01:00 AM Mar -24.9% 2.84%
2020-06-10 01:00 AM Apr -50.8% -24.7%
2020-07-10 01:00 AM May -35.6% -49.9%
2020-08-05 01:00 AM Jun -13.3% -26.9%


News Stream
Philippines Exports Drop at Softer Rate
Exports from the Philippines fell by 13.3% yoy to USD 5.33 billion in June 2020, after a downwardly revised 26.9% plunge in May. Sales fell for most categories: metal coponentgs (-30.5%); coconut oil (-29.7%); machinery and transport equipment (-26.3%); ignition wiring sets and other wiring sets used in vehicles, aircraft and ships (-25.8%), bananas (-17.4%); other manufactured goods (-16.9%), cathodes and sections of cathodes (-10.4%). Exports of electronic products, the country's top sales, also shrank -10.4%.In contrast, sales rose for both other mineral products (59.5%), and chemicals (3.3%). Shipments contracted to Japan (-9.3%), Hong Kong (-6.9%), the US (-23.6%), Singapore (-5.2%), South Korea (-21.7%), Taiwan (-4.3%), the ASEAN countries (-11.5%), and the EU (-23.7%).On the other hand, sales to China grew by 2.8%.
2020-08-05
Philippines Exports Drop 35.6% YoY
Exports from the Philippines plunged 35.6% yoy to USD 3.99 billion in May 2020, after a 49.9% slump in April. Sales fell for most categories: ignition wiring sets and other wiring sets used in vehicles, aircraft and ships (-70.4%), other manufactured goods (-50.6%), chemicals (-37.2%), coconut oil (-28.7%), bananas (-26.5%), gold (-20.5%), and cathodes and sections of cathodes (-12.9%). Exports of electronic products, the country's top sales, also shrank -33.4%.In contrast, sales grew for both other mineral products (12.8%), and machinery and transport equipment (4.2%). Shipments to all major trading partners contracted: Japan (-15.6%), Hong Kong (-13.9%), the US (-55.4%), China (-34.3%), Singapore (-10.2%), South Korea (-42.2%)., the ASEAN countries (-30.0%), and the EU (-49.4%).
2020-07-10
Philippines Exports Tumble 50.8% YoY
Exports from the Philippines plunged 50.8% yoy to the smallest since February 2009 of USD 2.78 billion in April 2020, after a downwardly revised 24.7% fall in March. Sales fell the most for, other manufactured products (-64.0%) followed by machinery and transport equipment (-63.6%), coconut oil (-55.5%), other mineral products (-46.7%), bananas (-28.0%), and gold (-9.5%). Exports of electronic products, the country's top sales, also shrank 48.6%. In contrast, sales grew for petroleum products (1,755.3%), cathodes and sections of cathodes, of refined copper (80.4%), and pineapple and pineapple products (25.7%). Shipments to all major trading partners dropped: Japan (-54.0%), Hong Kong (-17.5%), the US (-65.8%), China (-54.9%), Singapore (-26.6%), South Korea (-56%)., the ASEAN countries (-42.6%), and the EU (-58.8%).
2020-06-10
Philippines Exports Tumble 24.9% YoY
Exports from the Philippines plunged 24.9% yoy to USD 4.53 billion in March 2020, after a 2.84% growth in February. Sales fell the most for metal components (-40.9%), followed by machinery and transport equipment (-33.1%), ignition wiring set and other wiring sets used in vehicles, aircrafts and ships (-22.9%), coconut oil (-22%), gold (-14.8%), bananas (-14.3%), other mineral products (-14.2%), and other manufactured products (-11.7%). Exports of electronic products, the country's top sales, also shrank 24%. In contrast, sales grew for cathodes and sections of cathodes, of refined copper (1.2%). Shipments to all major trading partners dropped: Japan (-14.4%), Hong Kong (-16.4%), the US (-33.9%), China (-27.7%), Singapore (-14.7%), South Korea (-45%), the ASEAN countries (-20.4%), and the EU (23.2%).
2020-05-06

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
Exports by Country  |   Exports by Category  |   Imports by Country  |   Imports by Category