The Philippines is poised for another potentially record-breaking year in exports in 2026, buoyed by resilient global demand, expanding trade access, and continued strength in both electronics and agriculture, according to the Department of Trade and Industry (DTI).
Trade Secretary Cristina Roque said early 2026 trade data points to sustained export momentum following last year’s historic performance. Merchandise exports hit an all-time high of USD84.41 billion in 2025, up 15 percent from USD73.27 billion in 2024, underscoring the sector’s growing role in supporting the country’s economic expansion.
Roque cited strong monthly growth figures this year, including a 7.9 percent increase in January, steady gains in February, and a surge of more than 20 percent in March. The sharp acceleration suggests external demand for Philippine goods has remained firm despite lingering concerns over slowing global growth and trade volatility.
Semiconductors and electronics continued to anchor export growth, benefiting from stable global technology demand and the Philippines’ deep integration into regional supply chains. Analysts said the sector remains critical to sustaining export momentum, although future gains will depend on the durability of the global electronics cycle.
Agriculture-based exports also emerged as a bright spot. Coconut products expanded 34 percent, while banana and pineapple shipments remained steady. Emerging niche products such as ube are likewise gaining traction in overseas specialty markets, reflecting efforts to diversify the country’s export portfolio.
Industry observers said free trade agreements and broader market access could further strengthen the Philippines’ competitiveness, though risks tied to supply chains, geopolitical tensions, and weakening consumer demand abroad remain key challenges for exporters.
