Philippine exports soared 19.4 percent year-on-year in October 2025 to $7.39 billion, led by electronic shipments, while the country’s total imports fell 6.5 percent to $11.22 billion.
The strong export performance combined with the decline in imports resulted in a monthly trade deficit of $3.83 billion, marking an 8.5-percent annual decrease.
This followed a 16.2-percent annual increase in total export sales recorded in September 2025. In October 2024, exports had recorded an annual decrease of 5.0 percent.
Data from the Philippine Statistics Authority (PSA) showed that electronic products remained the country’s top export, contributing $4.18 billion or 56.6 percent of total exports in October 2025.
By type of goods, manufactured goods accounted for the largest share of exports at $6.02 billion (81.5 percent). Agro-based products followed with $599.00 million (8.1 percent) and mineral products contributed $586.58 million (7.9 percent).
Total exports in the first 10 months of 2025 amounted to $70.43 billion, up by 13.8 percent from $61.90 billion recorded in the same period of 2024.
The United States was the Philippines’ largest export destination, receiving $1.16 billion or 15.7 percent of the total in October. Completing the top five major export partners were Japan ($1.04 billion, 14.1 percent), Hong Kong ($964.50 million, 13.0 percent), the People’s Republic of China ($868.44 million, 11.7 percent) and Germany ($347.26 million, 4.7 percent).
Total imported goods fell 6.5 percent to $11.22 billion from $12.01 billion in October 2024. This contrasts with import increases of 5.1 percent in September 2025 and 11.6 percent in October 2024.
The largest annual decrements in import value were seen in transport equipment, which fell $344.72 million, mineral fuels lubricants and related materials, which decreased $330.59 million and cereals and cereal preparations, which declined $248.82 million.
Electronic products were also the top imported commodity group, valued at $2.97 billion (26.5 percent of total imports), followed by mineral fuels lubricants and related materials at $1.36 billion (12.1 percent) and transport equipment at $908.68 million (8.1 percent).
Raw materials and intermediate goods accounted for the largest share of imports at $4.18 billion (37.3 percent), followed by capital goods at $3.34 billion (29.8 percent) and consumer goods at $2.30 billion (20.5 percent).
Ten-month imports reached $111.75 billion, a 4.3-percent increase from the $107.15 billion recorded in the same period of 2024.
The People’s Republic of China was the largest supplier of imported goods at $3.41 billion (30.4 percent of total imports) in October. The other top suppliers were Japan ($915.13 million, 8.2 percent), Indonesia ($795.77 million, 7.1 percent), the Republic of Korea ($775.28 million, 6.9 percent) and Thailand ($703.56 million, 6.3 percent).
