3rd Quarter 2021

Gross National Income & Gross Domestic Product

Exports of goods and services continues to recover

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

Figure 8
 

Sectors - Previous Releases

Featured Video

Press Conference on the 2021 Third Quarter Performance of the Philippine Economy
Press Conference on the 2021 Third Quarter Performance of the Philippine Economy

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Contact Information

Technical Inquiries

Ms. Vivian R. Ilarina
Assistant National Statistician
Macroeconomic Accounts Service
(632) 8376-1996
v.ilarina@psa.gov.ph

Mr. Mark C. Pascasio
Division Chief
Expenditure and Integrated Accounts Division
Macroeconomic Accounts Service
(632) 8376-1982
m.pascasio@psa.gov.ph

 

Publication Inquiries

Ms. Maria Belen B. Pecson
Librarian II
Knowledge Management and Communications Division
(632) 8462-6600 local 839
info@psa.gov.ph