Philippine Exports Growth Highest in Over 5 Years

2026-10-30 01:11 By Joshua Ferrer 1 min. read

Philippine exports surged by 35.6% year-on-year to a new all-time high of USD 9.9 billion in September 2026, following an upwardly revised 28.3% rise in the previous month.

The latest result marked the strongest growth since April 2021, with electronic products remaining the top export commodity, accounting for 70.1% of total shipments and rising 71.9%, led by semiconductor components (+86.1%) and office equipment (+89.1%).

Outbound sales also increased for gold (+24.2%), bananas (+43.2%), and electronic equipment and parts (+73.5%).

In contrast, exports declined for other manufactured goods (-20.7%) and machinery and transport equipment (-4.9%).

Among major trading partners, exports to the US, the largest market accounting for 20.2% of total shipments, climbed by 135.3%.

Shipments also increased to Hong Kong (+40.8%), China (+15.4%), Vietnam (+488.1%), Taiwan (36.8%), and Singapore (+29.9%).

For the January to September period, total exports grew by 17.2% to USD 73.9 billion.



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Philippine Exports Growth Highest in Over 5 Years
Philippine exports surged by 35.6% year-on-year to a new all-time high of USD 9.9 billion in September 2026, following an upwardly revised 28.3% rise in the previous month. The latest result marked the strongest growth since April 2021, with electronic products remaining the top export commodity, accounting for 70.1% of total shipments and rising 71.9%, led by semiconductor components (+86.1%) and office equipment (+89.1%). Outbound sales also increased for gold (+24.2%), bananas (+43.2%), and electronic equipment and parts (+73.5%). In contrast, exports declined for other manufactured goods (-20.7%) and machinery and transport equipment (-4.9%). Among major trading partners, exports to the US, the largest market accounting for 20.2% of total shipments, climbed by 135.3%. Shipments also increased to Hong Kong (+40.8%), China (+15.4%), Vietnam (+488.1%), Taiwan (36.8%), and Singapore (+29.9%). For the January to September period, total exports grew by 17.2% to USD 73.9 billion.
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Philippine Exports Growth Hits Over 2-Year High
Philippine exports climbed by 27.8% year-on-year to USD 9.1 billion in August 2026, marking the strongest growth since April 2024 and accelerating from a slightly upwardly revised 10.9% increase in the previous month. Electronic products remained the top export commodity, accounting for 68.1% of total shipments and rising 59.9%, led by semiconductor components (+73.5%), office equipment (+73.3%), and consumer electronics (+111.4%). Outbound sales also increased for gold (+15%) and bananas (+7%). In contrast, exports declined for other manufactured goods (-14.4%) and machinery and transport equipment (-26%). Among major trading partners, exports to the US, the largest market accounting for 23.8% of total shipments, surged by 94.6%. Shipments also increased from Hong Kong (+30.5%), China (+22.9%), Taiwan (+76.5%), and Singapore (+69.2%). Considering the first eight months of the year, total exports grew by 14.8% to USD 64 billion.
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Philippine Exports Growth Slows in July
Philippine exports grew by 10.8% year-on-year to USD 8.1 billion in July 2026, slowing from an upwardly revised and one-year high of 25% increase in the previous month. The softer growth was largely driven by lower outbound sales of other mineral products (-30.3%), ignition wiring set and other wiring sets used in vehicles, aircrafts and ships (-10.3%), chemicals (-18.3%), and bananas (-13%). These declines were partially offset by stronger shipments in electronic products, which remained the top export commodity, accounting for 58.8% of total exports and rising 22.2%, led by semiconductor components (26.1%). Among major trading partners, exports to the US, the largest market accounting for 18.5% of total shipments, grew by 45.1%, followed by Hong Kong (+15.4%), China (+9.7%), Singapore (+29.8%), and Taiwan (+14.6%), while Japan and Netherlands decreased 14.1% and 9.8%, respectively. For the January-July period, total exports grew 12.9% to USD 54.9 billion.
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