Exports of goods and services posted a growth of 9.0 percent in the third quarter of 2021. This was the second consecutive growth posted after recording five consecutive quarters of contractions.
Exports of goods increased by 8.8 percent. The following commodities that contributed to the growth were: Components/devices (semiconductors), 6.8 percent; Electronic data processing, 26.6 percent; Other exports of goods, 16.3 percent; Telecommunication, 175.1 percent; and Pineapple and pineapple products, 59.2 percent.
Similarly, Exports of services grew by 9.6 percent in the said period. Contributing to the growth were the following components with its corresponding increases: Telecommunications, computer and information services, 21.7 percent; Manufacturing services on physical inputs owned by others, 28.3 percent; and Travel, 53.6 percent.
Figure 8. Exports of goods and services, Q1 2019 to Q3 2021 Growth Rates,
At constant 2018 prices