Philippine Exports Rises 7.6% in May

Philippine exports rose 7.6% year-on-year to USD 7.9 billion in May 2026, following a 7.2% increase in the previous month. Electronic products, which accounted for 54.6% of total exports, increased 11.9%, driven by stronger shipments of semiconductors (+11.5%), consumer electronics (+167.2%), office equipment (+137.9%), and telecommunications equipment (+68.9%), partly offset by declines in electronic data processing (-32.7%) and medical/industrial instrumentation (-37.6%). Outbound shipments also rose for machinery and transport equipment (+51.2%), other mineral products (+30.2%), gold (+19.4%), coconut oil (+25.2%), and bananas (+23.3%). Among key partners, exports to the US, the largest market accounting for 17.2% of total shipments, rose 20.8%. Sales also increased from Hong Kong (+8%), China (+20.9%), Singapore (+45.6%), and South Korea (+22.3%).

Philippine exports rose 6.3% year-on-year to USD 7.2 billion in April 2026, sharply easing from an upwardly revised 20.8% jump in the previous month. This marks the softest growth since August last year, as electronic products grew only 1.2%, with the surge in consumer electronics exports (+206.3%) partially offset by declines in semiconductors (-4.7%) and electronic data processing (-1.9%). Outbound shipments also increased for other mineral products (+55.4%), machinery and transport equipment (+79.6%), coconut oil (+69.3%), and gold (+73.7%). Among key partners, exports to the US, the largest market accounting for 18.0% of total shipments, rose 25.7%. Sales also increased from China (+32.0%), Japan (+2.2%), and Singapore (+27.0%). In the January–April period, total exports grew 11.2% to USD 29.9 billion compared with the corresponding period last year.

Philippine exports climbed by 20.4% year-on-year to an all-time high of USD 8.2 billion in March 2026, accelerating from an upwardly revised 8.9% rise in the previous month. Electronic products remained the top export commodity, rising 33% and accounting for 59% of total shipments, led by semiconductor components (+38.2%), consumer electronics (+73.5%), and telecommunications (+80.4%). Outbound sales also increased sharply for machinery and transport equipment (+70.6%), other mineral products (+55.7%), and gold (+84%), partially offset by declines in other manufactured goods (-29.6%) and coconut oil (-30.4%). Among key trading partners, exports to the US, the largest market accounting for 17.7% of total shipments, rose 17.7%, followed by Hong Kong (+28.7%), China (+23.5%), Taiwan (+52%), and Singapore (+34.1%), while Japan (-0.6%) was the only major destination to record a decline. For January–March, total exports increased 12.7% to USD 22.7 billion.