FX.co ★ Philippines Exports Grow for 3rd Month

In March 2025, the Philippines witnessed a year-on-year increase in exports, rising by 5.9% to reach USD 6.6 billion. This follows a revised increase of 4.8% in the prior month, marking the third month of consecutive growth. The surge was mainly attributed to significant sales in several sectors: coconut oil saw a remarkable 78.6% increase, gold grew by 58.7%, other manufactured goods rose by 39.5%, other mineral products increased by 28.2%, and electronic products experienced a modest rise of 0.9%. Notably, within the electronics sector, automotive electronics surged by 60.7%, medical and industrial instrumentation by 57.8%, and office equipment by 55.8%. Examining major trading partners, export values climbed considerably to Japan (17.0%), Germany (16.9%), Thailand (16.7%), Hong Kong (14.5%), the US (12.8%), and the Netherlands (10.6%). From January to March, exports increased by 5.7%, totaling USD 19.3 billion compared to the same period in the previous year.