![]() People’s Republic of China, USD 798.66 million (12.9%) Ĭ. United States of America contributed the highest export valueīy major trading partner, exports to United States of America (USA) comprised the highest export value amounting to USD 1.06 billion or a share of 17.0 percent to the total exports during the month.Ĭompleting the top five major export trading partners with their export values and percent shares to the total exports were:ī. ![]() Month-on-month, export value for PPE and medical supplies dropped by -36.0 percent in July 2022, while in June 2022, it went down by -0.2 percent.Ĭontributing to the monthly decrement in the export value of PPE and medical supplies were the declines in the export value of other face mask (non-surgical/non-medical masks including masks made of cloth, -84.4%) and surgical face mask (-14.5%). The annual declines in export for other face mask (non-surgical/non-medical masks including masks made of cloth) at -91.8 percent and surgical facemask at -23.9 percent contributed to the decrement of export value for PPE and medical supplies in July 2022. The annual increase in the export value for these medical items in the previous month was recorded at 65.6 percent, while in July 2021, it went down by -39.8 percent. This represents an annual decrease of -55.0 percent from its value of USD 1.36 million in July 2021. The total export value for Personal Protective Equipment (PPE) and medical supplies in July 2022 dropped to USD 0.61 million. Total export value of Personal Protective Equipment and medical supplies decreased in July 2022 This was followed by mineral products with a share of USD 567.62 million (9.1%) and total agro-based products, which contributed USD 518.53 million (8.3%). Manufactured goods still comprised the biggest chunk of total exports among major types of goodsīy major type of goods, exports of manufactured goods shared the biggest to the total exports in July 2022 amounting to USD 4.98 billion (80.1%). This was followed by other manufactured goods with an export value of USD 321.48 million (5.2%) and other mineral products, which amounted to USD 297.70 million (4.8%). This amount accounted for 54.6 percent of the total exports during the period. Electronic products commodity group remained the highest on export salesīy commodity group, electronic products continued to be the country’s top export in July 2022 with total earnings of USD 3.39 billion. This represents an annual increase of 5.4 percent compared with the year-to-date annual total export value earned in January to July 2021. The year-to-date annual total export earnings, that is from January to July 2022, amounted to USD 44.74 billion. Year-to-date annual total export increased These were cathodes and sections of cathodes, of refined copper (-39.9%), metal components (-11.3%), other mineral products (-9.7%), and electronic products (-7.9%). Of the top 10 major commodity groups, four recorded annual decreases in terms of the value of exports. In July 2021, the total export sales grew at an annual rate of 13.8 percent. The country’s total export sales in July 2022 amounting to USD 6.21 billion, reflected an annual rate of -4.2 percent, from an increment of 1.0 percent in the previous month. Sales from export posted a negative growth The trade deficit in the previous month recorded an annual increase of 76.2 percent, while in July 2021, it was posted at 64.2 percent. ![]() The BoT-G in July 2022 amounted to USD -5.93 billion, indicating a trade deficit with an annual increase of 69.1 percent. ![]() ![]() The balance of trade in goods (BoT-G) is the difference between the value of export and import. Of the total external trade in July 2022, 66.1 percent were imported goods, while the rest were exported goods.Ģ. In the previous month, the annual increase was faster at 16.2 percent, while in July 2021, it grew by 21.8 percent. In July 2022, the country’s total external trade in goods amounted to USD 18.35 billion which indicates an annual growth rate of 11.4 percent. TOTAL EXTERNAL TRADE AND BALANCE OF TRADE Highlights of the Philippine Export and Import StatisticsĪ. ![]()
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