In September 2025, Philippine exports experienced a significant uptick, increasing by 15.9% on a year-on-year basis to reach USD 7.3 billion. This growth rate improved upon the upwardly revised figure of 5.5% from the previous month, marking it as the third-fastest expansion in outbound shipments since early 2024. The rise in exports was bolstered by heightened sales in various sectors, including electronic products (27.9%), other mineral products (24.8%), and machinery and transport equipment (60.6%). Additionally, gold exports soared by 108.3%, driven by robust global demand for safe-haven assets.
The United States continued to serve as the primary destination for Philippine goods, accounting for a 15.8% market share, with a 2.3% rise in shipments, despite a 19% tariff imposed on these goods starting late July. Exports to other key markets also showed increases, with Hong Kong rising by 26.5%, China by 15.3%, Japan by 4.2%, and the Netherlands by a notable 51.8%. Cumulatively, from January to September, total exports were up by 13.1%, reaching USD 63.02 billion compared to the same timeframe last year.
