Philippine exports soared 26 percent year-on-year in June 2025 to USD7.02 billion, driven by a sharp rise in electronic product shipments, which helped narrow the country’s trade deficit to USD3.95 billion from USD 4.34 billion a year earlier, according to data from the Philippine Statistics Authority (PSA).
Exports for the first half of the year reached USD41.24 billion, marking a 13 percent annual increase.
Electronic products—accounting for 55 percent of total exports—rose 30 percent to USD3.89 billion in June. Mineral product exports surged 95 percent to USD491 million, machinery and transport equipment jumped 73 percent to USD 303.3 million, and gold more than doubled to USD210.1 million.
The United States remained the Philippines’ top export market with USD1.21 billion in shipments. It was followed by Hong Kong (USD1.07 billion), Japan (USD974.8 million), China (USD733.99 million), and Singapore (USD311.96 million).
Imports, which made up 61 percent of total external trade, rose 10.8 percent to USD10.98 billion in June from USD9.90 billion a year earlier.
Transport equipment led the gainers with a 66 percent jump to USD1.32 billion. Imports of electronic products climbed 15 percent to USD2.56 billion, while telecommunications and electrical machinery surged 70 percent to USD460.8 million.
China remained the country’s largest supplier of imported goods at USD3.10 billion, followed by Japan, South Korea, Indonesia, and Thailand.
The PSA noted that stronger exports, particularly in electronics and minerals, played a key role in cushioning the impact of a still-substantial trade deficit.
