Exports from the Philippines rose by 7.1% yoy to USD 6.27 billion in December 2021, after a 6.6% gain the previous month. This was the tenth straight month of growth in overseas sales and the fastest pace since August, amid solid global demand and easing supply chain issues. Shipments mainly rose for coconut oil (135.2%), other manufactured goods (53.5%), chemicals (43%), machinery & transport equipment (19.2%), electronic equipment (16.5%), other mineral products (4.9%), and electronic products (1.8%). By contrast, sales fell for ignition wiring sets and other wiring sets used in vehicles, aircraft (-24.1%), metal components (-5.3%), and bananas(-4.8%). Exports went up to the US (9.3%), China (10.3%), Japan (8%), Singapore (58.3%), Germany (16%), Netherlands (48.7%), Germany (1.4%), the ASEAN countries (14.7%), and the EU (26.3%); while fell to Hong Kong (-8.2%), Thailand (-11.8%), Taiwan (-3.7%), South Korea (-17.7%), and Vietnam (-2%). source: Philippine Statistics Authority

Exports YoY in Philippines averaged 10.25 percent from 1958 until 2021, 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 January of 2022.

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Philippines Exports YoY


Philippines Exports YoY
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).
Actual Previous Highest Lowest Dates Unit Frequency
7.10 6.60 155.30 -41.30 1958 - 2021 percent Monthly

Calendar GMT Actual Previous Consensus TEForecast
2022-01-11 01:00 AM Nov 6.6% 2.0%
2022-01-27 01:00 AM Dec 7.1% 6.6%
2022-03-11 01:00 AM Jan 7.1%


News Stream
Philippines Exports Grow for 10th Month
Exports from the Philippines rose by 7.1% yoy to USD 6.27 billion in December 2021, after a 6.6% gain the previous month. This was the tenth straight month of growth in overseas sales and the fastest pace since August, amid solid global demand and easing supply chain issues. Shipments mainly rose for coconut oil (135.2%), other manufactured goods (53.5%), chemicals (43%), machinery & transport equipment (19.2%), electronic equipment (16.5%), other mineral products (4.9%), and electronic products (1.8%). By contrast, sales fell for ignition wiring sets and other wiring sets used in vehicles, aircraft (-24.1%), metal components (-5.3%), and bananas(-4.8%). Exports went up to the US (9.3%), China (10.3%), Japan (8%), Singapore (58.3%), Germany (16%), Netherlands (48.7%), Germany (1.4%), the ASEAN countries (14.7%), and the EU (26.3%); while fell to Hong Kong (-8.2%), Thailand (-11.8%), Taiwan (-3.7%), South Korea (-17.7%), and Vietnam (-2%).
2022-01-27
Philippines Exports Rise for 9th Month
Exports from the Philippines rose 6.6% yoy to USD 6.27 billion in November 2021, after a 2% gain the previous month. This was the ninth straight month of growth in overseas sales and the fastest pace in three months, supported by strengthening demand ahead of the festive season and year-end holidays. Shipments mainly rose for coconut oil (95%), electronic equipment (33.9%), chemicals (31.8%), other manufactured goods (15.1%), other mineral products (5.7%), and electronic products (5.6%). By contrast, sales fell for ignition wiring sets and other wiring sets used in vehicles, aircraft (-19.5%), machinery & transport equipment (-17.4%), metal components (-10.9%), and cathodes and sections of cathodes (-4.5%). Exports went up to the US (3.9%), Hong Kong (13.5%), Singapore (14.6%), Germany (16%), Netherlands (60%), Taiwan (21.9%), Vietnam (77.4%), the ASEAN countries (11.2%), and the EU (29.2%); while fell to China (-5.7%), Japan (-1.1%), and Thailand (-11.8%).
2022-01-11
Philippines Exports Rise the Least in 8 Months
Exports from the Philippines edged up 0.2% yoy to USD 6.41 billion in October 2021, after a marginally revised 6.4% gain the previous month. This was the softest gain in shipments since February, amid weakening foreign demand following the emergence of the new COVID-19 variant. Shipments mainly rose for coconut oil (76.5), cathodes and sections of cathodes (56%), chemicals (53.7%), electronic equipment (22.2%), other mineral products (13%), and machinery and transport equipment (11%). In contrast, sales fell for metal components (-25.3%), other manufactured goods (-20.9%), and ignition wiring sets and other wiring sets used in vehicles, aircraft (-16.7%). Exports went up to China (5.4%), Hong Kong (14.5%), Taiwan (5.1%), Australia (436.3%), the ASEAN countries (2.8%), and the EU (19.1%). On the other hand, shipments shrank to the US (-5.3%), Japan (-12.1%), Thailand (-7.5%), Germany (-4.3%), and South Korea (-25.5%). From January to October, exports rose 16.1% to 62.10 billion.
2021-12-10


United Nations Comtrade Database
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