In October 2025, Philippine exports surged by 19.4% year-on-year, reaching USD 7.4 billion. This marked an acceleration from the prior month's upwardly revised growth rate of 16.2%, and it constituted the most substantial growth in outbound shipments since June of the same year. The expansion was primarily fueled by a significant rise in electronic product sales, which increased by 44.4%, with semiconductors skyrocketing by 58.6% and medical/industrial instrumentation climbing by 40.9%. Additionally, exports experienced robust growth in machinery and transport equipment, which soared by 102.7%, and gold, which rose by 76.3%.
The United States remained the chief export destination, capturing 15.8% of the market share. Shipments to the US grew by 14%, despite the implementation of a 19% tariff on Philippine goods since late August. Export increases were also recorded to the following countries: Japan (up 13.8%), Hong Kong (up 14.3%), China (up 11.1%), and both Germany and South Korea (up 3.9% each). Over the January to October span, exports climbed by 13.8%, amounting to USD 70.43 billion compared to the same period in the previous year.
