Philippine merchandise exports surged 15.2 percent in 2025 to reach an all-time high of $84.41 billion, led by a late-year rally in electronic shipments and manufacturing, the Philippine Statistics Authority (PSA) said Tuesday.
The record-breaking performance surpassed the $73.27 billion recorded in 2024, marking the highest export value since the data series began in 1991.
Total imports for the year rose 4.7 percent to $133.57 billion, resulting in a narrowed trade deficit of $49.17 billion. This was lower than the trade gap of $54.33-billion in 2024.
In December 2025 alone, export sales rose 23.3 percent to $6.99 billion.
Electronic products remained the nation’s primary export pillar during the month, accounting for 57.8 percent of total earnings at $4.04 billion. Other manufactured goods and machinery and transport equipment followed as the next largest contributors.
The United States emerged as the top destination for Philippine goods in December, receiving 15.7 percent of exports valued at $1.10 billion. Hong Kong, Japan, China and Singapore rounded out the top five trading partners for the period.
December imports reached $10.52 billion, a 7.1-percent increase from the same month in 2024. Electronic products led the import growth, followed by telecommunication equipment and mineral fuels. For the full year, the $133.57-billion imports represented the highest level since 2022.
China remained the largest supplier of imported goods to the Philippines in December, providing 28.4 percent of the total at a value of $2.98 billion. By type of goods, capital equipment comprised the largest share of imports at 33.6 percent, followed closely by raw materials and intermediate goods.
.
