Exports from the Philippines increased by 7% year-on-year to USD 7.16 billion in September 2022, pointing to the first growth since June and the steepest pace since February, amid signs of a recovery in foreign demand as more countries removed strict COVID restrictions. Sales mostly advanced for ignition wiring sets and other wiring sets used in vehicles, aircraft, and ships (25.4%), electronic products (19.3%), machinery and transport equipment (7.5%), electronic equipment (7.0%), and other manufactured goods (5.6%). By contrast, shipments shrank for chemicals (-33.5%), cathodes and sections of cathodes (-22.2%), coconut oil (-20.0%), other mineral products (-19.3%), and metal components (-12.3%). Exports expanded to the US (2.5%), Hong Kong (15.9%), Japan (5.0%), Thailand (4.4%), Netherlands (3.7%), Taiwan (3.6%), South Korea (3.9%), Germany (3.4%), the ASEAN countries (8.8%) and the EU (27.4%). On the other hand, exports contracted to China (-14.2%) and Singapore (-10.5%). source: Philippine Statistics Authority
Exports YoY in Philippines averaged 10.20 percent from 1958 until 2022, reaching an all time high of 155.30 percent in June of 1973 and a record low of -41.30 percent in April of 2020. This page includes a chart with historical data for Philippines Exports YoY. Philippines Exports YoY - data, historical chart, forecasts and calendar of releases - was last updated on November of 2022.