Exports from the Philippines soared 31.6 percent year-on-year to a record high of USD 6.68 billion in March 2021, after a downwardly revised 1.5 percent fall a month earlier. This was the steepest pace of growth in outbound shipments since September 2010, amid a rebound in foreign demand as the global economy recovered further from the COVID-19 crisis. Sales expanded for all commodity groups: mineral products (195.8%), chemicals (159.8%), other manufactured goods (115.7%), metal components (84.4%), electronic equipment (63.1%), cathodes and sections of cathodes (57.7%), machinery & transport equipment (45.7%), electronic products (25%), ignition wiring sets and other wiring sets used in vehicles, aircraft and ships (21.9%), and coconut oil (7.8%). Shipments advanced to the US (34.8%), China (72.6%), Germany (52.3%), Singapore (22.1%), the Netherlands (29.5%), Japan (19.5%), Hong Kong (8.4%), Thailand (27.9%), Taiwan (32.1%), the EU (48.8%) and the ASEAN countries (34.5%). source: National Statistics Office of Philippines
Exports in Philippines averaged 1753558.19 USD Thousand from 1957 until 2021, reaching an all time high of 6684330 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 May of 2021.
Exports in Philippines is expected to be 5550000.00 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 5300000.00 in 12 months time. In the long-term, the Philippines Exports is projected to trend around 5300000.00 USD Thousand in 2022, according to our econometric models.