30.07.202601:13:23UTC+00Philippine Exports Growth Hits 1-Year High

Philippine exports surged 24.1% year-on-year to a record high of USD 8.8 billion in June 2026, the fastest expansion since June of the previous year and a sharp acceleration from the upwardly revised 8.6% growth in May. Electronic products remained the country’s leading export, accounting for 59.9% of total shipments and climbing 35.2%. This performance was driven by robust gains in semiconductor components (+38.2%), office equipment (+123.4%), consumer electronics (+335.2%), and communication/radar products (+93.9%).

Exports of machinery and transport equipment also posted strong growth (+28.6%), alongside significant increases in shipments of gold (+43.8%), coconut oil (+12%), and electronic equipment and parts (+95.7%).

By major trading partner, the United States remained the Philippines’ largest export market, taking an 18.1% share of total exports, with shipments to the US jumping 44.7%. Exports also rose markedly to Hong Kong (+25.2%), China (+34.3%), Singapore (+62.6%), and Taiwan (+32.8%), while Japan registered the smallest increase at 1.4%.

Over the first half of the year (January–June), total exports grew 13.1% year-on-year to USD 46.7 billion.