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.

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Philippines Exports YoY



Calendar GMT Actual Previous Consensus TEForecast
2022-10-11 01:00 AM Aug -2% -4.1%
2022-11-04 01:00 AM Sep 7% -2%
2022-12-13 01:00 AM Oct 7%

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
7.00 -2.00 155.30 -41.30 1958 - 2022 percent Monthly

News Stream
Philippines Exports Rise for 1st Time in 3 Months
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%).
2022-11-04
Philippines Exports Fall for 2nd Straight Month
Exports from the Philippines dropped by 2.0% yoy to AUD 6.41 billion in August 2022, after a marginally revised 4.1% fall in July. This was the second straight month of decline in shipments, amid sluggish foreign demand on the back of a spike in inflation globally and rising COVID-19 cases in some countries. Sales mainly shrank for other mineral products (-23.8%),chemicals (-9.5%), machinery & transport equipment (-2.4%), and electronic products (-1.6%). By contrast, exports grew for coconut oil (26.6%), other manufactured goods (16.5%), bananas (5.1%), ignition wiring sets, and other wiring sets used in vehicles, aircraft (4.3%), and electronic equipment (2.1%). Exports declined to China (-21.1%), Japan (-2.2%), Hong Kong (-21.7%), Thailand (-19.2%), Germany (-20.0%). On the flip side, sales rose to the US (0.8%), Singapore (10.4%), South Korea (56.7%), Malaysia (3.1%), Vietnam (22.5%), the ASEAN countries (8.6%), and the EU (4.0%).
2022-10-11
Philippines Exports Fall for 1st Time in 17 Months
Exports from the Philippines dropped by 4.2% yoy to USD 6.21 billion in July 2022, after a 1% rise in June. This was the first decline in shipments since February 2021, amid weakening foreign demand due to rising COVID-19 cases in some countries, ongoing supply chain issues, and a spike in inflation globally. Sales shrank for cathodes & sections of cathodes (-39.9%), metal components (-11.3%), other mineral products (-9.7%), and electronic products (-7.9%). In contrast, shipments grew for gold (56.8%), coconut oil (56.7%), chemicals (22.6%), machinery & transport equipment (13.0%), ignition wiring sets, and other wiring sets used in vehicles, aircraft (10.4%), and other manufactured goods (7.3%). Exports declined to China (-23.9%), Hong Kong (-12.2%), South Korea (-6.3%), Thailand (-15.3%), Germany (-13.9%), and the EU (-4.9%). On the flip side, sales rose to the US (2.5%), Japan (3.9%), Singapore (18.5%), Taiwan (11.1%), Netherlands (22.2%), and the ASEAN countries (5.5%).
2022-09-09


United Nations Comtrade Database
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