The country’s total exports in January-August 2017 amounted to US$42.11 billion, an increase of 13.3% from US$37.16 billion in January-August 2016. Japan ranked first among the Philippines’ top export markets, with export receipts amounting to US$7.13 billion. This is a decline of 6.8% from US$7.66 billion during the same period last year. Other top Philippine export destinations in January-August 2017 were: USA, US$6.23 billion; Hong Kong, US$5.55 billion; China, US$4.49 billion; and, Singapore, US$2.52 billion.
Electronic products led the country’s top export merchandise in January-August 2017, with receipts valued at US$21.19 billion, an increase of 10.8% from its level in the same period last year at US$19.12 billion. Other top export products in January-August 2017 were: other manufactured goods, US$2.87 billion; machinery and transport equipment, US$2.58 billion; ignition wiring set and other wiring sets used in vehicles, aircrafts and ships, US$1.42 billion; and woodcrafts and furniture, US$1.30 billion.