Philippine Export Growth Remains Robust

Philippine exports jumped 17.3% year-on-year to USD 7.3 billion in July 2025, easing from an upwardly revised 26.9% surge in June.

Still, it was the second-fastest growth in outbound shipments since early 2024, supported by higher sales of electronic products (20.7%), machinery and transport equipment (29.3%), and fresh bananas (45.6%).

Notably, exports also surged for other mineral products (133.1%) and gold (100.3%) amid strong global safe-haven demand.

By destination, the US remained the top market (15.8% share), with shipments up 9.7% despite the 19% tariff imposed on Philippine goods starting late July.

Exports also rose to Hong Kong (49.7%), Japan (14.2%), China (5%), and the Netherlands (38.6%).

From January to July, total exports increased 13.9% to USD 48.62 billion compared to the same period last year.