Philippine merchandise exports surged 26.1 percent year-on-year in June 2025, leading to a smaller trade deficit for the month, the Philippine Statistics Authority (PSA) said Wednesday.
Total external trade in goods reached $18 billion, a 16.3-percent increase from $15.47 billion recorded in June 2024. Imports accounted for 61.0 percent of the total external trade, while exports made up the remaining 39.0 percent.
The balance of trade in goods (BoT-G) narrowed by 8.8 percent from a year earlier to $3.95 billion in June.
Export sales in June amounted to $7.02 billion, up from $5.57 billion in the same month last year.
Electronic products saw the highest annual increase in export value, rising by $897.38 million. This was followed by other mineral products, which increased by $238.98 million, and machinery and transport equipment, up $127.66 million.
For the first six months of 2025, exports reached $41.24 billion, a 13.2-percent increase from $36.44 billion a year ago.
Top export commodities in June were electronic products: $3.89 billion (55.4 percent of total exports); other mineral products, $491.03 million; and other manufactured goods, $361.14 million.
The United States was the top export destination, receiving $1.21 billion in goods, representing 17.3 percent of the total exports in June 2025. Other key export partners included Hong Kong: $1.07 billion (15.2 percent; Japan: $974.80 million (13.9 percent); China: $733.99 million (10.5 percent); and Singapore: $311.96 million (4.4 percent)
Imports rose 10.8 percent to $10.98 billion in June, from $9.90 billion a year earlier. Transport equipment recorded the highest annual increment in imported goods value, increasing by $523.57 million.
From January to June 2025, imports totaled $65.22 billion, up 6.0 percent from $61.50 billion in the same period last year.
China remained the largest source of imported goods, supplying $3.10 billion, or 28.2 percent, of the country’s total imports in June 2025. Other major import partners were Japan: $870.15 million (7.9 percent); South Korea: $853.26 million (7.8 percent); Indonesia: $840.21 million (7.7 percent); and Thailand: $626.93 million.
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