In June 2025, Philippine exports experienced a remarkable increase of 26.1% compared to the same month in the previous year, reaching USD 7.0 billion. This follows an upwardly adjusted rise of 15.5% in May, marking the most significant growth in exports since April 2024. The surge was largely fueled by an impressive 130.9% increase in gold exports, reflecting heightened global demand for this safe-haven asset. Notable growth was also observed in other sectors, including mineral products, which soared by 94.8%, machinery and transport equipment, which increased by 72.7%, and other manufactured goods, up by 25.9%. Electronic products, the nation's leading export category, grew by 30%, with electronic data processing playing a key role in this expansion.
The United States remained the principal export market for the Philippines, accounting for 16% of the share, with exports to the US increasing by 35.2% prior to the announcement of new tariffs. Additionally, exports to Germany and Singapore surged by 45.4% and 45.2% respectively, while shipments to the Netherlands rose by 36.4%. Conversely, exports to China decreased by 15.5%. Over the first half of the year, the Philippines' total exports expanded by 13.2% to USD 41.2 billion, compared to the same period in the preceding year.
