Exports from the Philippines rose by 29.8 percent year-on-year to USD 5.89 billion in May 2021, after an upwardly revised 74.1 percent surge a month earlier. This was the third straight month of increase in outbound shipments, as foreign demand continued to recover in the aftermath of the COVID-19 pandemic. Sales of major commodity groups mostly expanded, led by ignition wiring sets and other wiring sets used in vehicles, aircraft, and ships (220.7 percent), metal components (150.8 percent), cathodes and sections of cathodes (135.4 percent), electronic equipment, and parts (101.2 percent), and other manufactured goods (78.3 percent). In contrast, exports of machinery and transport equipment fell 5.6 percent. Sales increased to China (22.3%), the US (84.6%), Japan (7.7%), Singapore (7.7%), Thailand (68%), Germany (78%), the ASEAN (42.9%), and the EU (37%). Considering the January to May period, shipments went up 21.4 percent from the same period of 2020. source: National Statistics Office of Philippines
Exports in Philippines averaged 1765068.17 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 July 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.