The country’s total exports in January-July2018 amounted to US$38.74 billion, a decline of 2.8% from US$39.87 billion in the same period last year. USA ranked first among the Philippines’ top export markets, with export receipts amounting to US$5.94 billion. Other top Philippine export destinations in January-July 2018 were: Hong Kong, US$5.71 billion; Japan, US$5.51 billion; China, US$4.86 billion; and, Singapore, US$2.50 billion.
Electronic products led the country’s top export merchandise in January-July 2018, with receipts valued at US$21.61 billion, an increase of 5.4% from its level in the same period last year at US$20.51 billion. Other top export products in January-July 2018 were: other manufactured goods, US$2.29 billion; machinery and transport equipment, US$2.08 billion; metal components, US$1.03 billion; and ignition wiring set and other wiring sets used in vehicles, aircrafts and ships, US$909 million.