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%). Exports in Philippines averaged 1634379.52 USD Thousand from 1957 until 2019, reaching an all time high of 6308844.59 USD Thousand in October of 2018 and a record low of 23000 USD Thousand in October of 1957.

Exports in Philippines is expected to be 5850000.00 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 6090000.00 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.

Philippines Exports
width
height
Forecast Data Chart
Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices.

The Trading Economics Application Programming Interface (API) provides direct access to our data. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.


Calendar GMT Actual Previous Consensus TEForecast
2019-01-10 01:00 AM Exports YoY -0.3% 5.5%
2019-03-12 01:00 AM Exports YoY -1.7% -12%
2019-04-11 01:00 AM Exports YoY -0.9% -6.7%
2019-06-11 01:00 AM Exports YoY 0.4% -1.8%
2019-07-10 01:00 AM Exports YoY 0.4%
2019-09-10 01:00 AM Exports YoY
2019-10-10 01:00 AM Exports YoY


Philippines Trade Last Previous Highest Lowest Unit
Balance of Trade -3499023.95 -3100075.36 1144700.00 -4415446.66 USD Thousand [+]
Current Account -435.05 239.06 1810.97 -1455.03 USD Million [+]
Current Account to GDP -2.40 -0.70 5.80 -7.70 percent [+]
Imports 9005267.56 9013938.38 10724291.25 37084.30 USD Thousand [+]
Exports 5506243.61 5913863.02 6308844.59 23000.00 USD Thousand [+]
External Debt 78959.57 73097.87 79949.42 20893.00 USD Million [+]
Capital Flows 2.84 4.85 93.66 -35.31 USD Million [+]
Remittances 2440629.90 2514000.00 2849065.80 64208.00 USD Thousand [+]
Tourist Arrivals 714309.00 766865.00 766865.00 63628.00 [+]
Gold Reserves 197.90 197.90 274.42 126.89 Tonnes [+]
Terrorism Index 7.18 7.13 7.27 5.78 [+]
Foreign Direct Investment 586.00 746.00 2256.00 -396.00 USD Million [+]
Crude Oil Production 14.00 14.00 38.00 1.00 BBL/D/1K [+]

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



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). This page provides - Philippines Exports - actual values, historical data, forecast, chart, statistics, economic calendar and news. Philippines Exports - actual data, historical chart and calendar of releases - was last updated on June of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
5506243.61 5913863.02 6308844.59 23000.00 1957 - 2019 USD Thousand Monthly




Related

Latest