PHILIPPINES — Philippine merchandise exports posted their strongest January-to-July performance in 35 years, reaching $54.92 billion in the first seven months of 2026. According to preliminary data from the Philippine Statistics Authority, exports rose 12.9 percent from $48.67 billion during the same period in 2025.
A Historic Milestone for Trade
The growth extended the country's export expansion to 19 consecutive months. This builds on a record $84.48 billion in exports in 2025, which increased 15.3 percent from the previous year. In July alone, export sales reached $8.15 billion, up 10.8 percent from $7.36 billion a year earlier.
The Department of Trade and Industry attributed the continued growth to efforts to connect Filipino businesses with international buyers. The agency has also helped exporters meet global standards and open access to new markets. DTI Secretary Cristina A. Roque emphasized the need to help businesses maximize the value of locally produced goods.
Electronics Lead the Export Boom
Electronic products remained the country's biggest export driver in July, generating $4.79 billion, or 58.8 percent of total exports. Other manufactured goods contributed $371.46 million, while mineral products generated $366.26 million. Electronics also recorded the largest year-on-year increase among commodity groups, rising by $869.72 million.
Manufactured goods accounted for $6.61 billion, or 81.1 percent, of total exports in July. Mineral products contributed $776.61 million, while agricultural products accounted for $548.95 million. The dominance of electronics underscores the strength of the country's semiconductor and tech manufacturing sector.
Strong Demand from Global Markets
The United States remained the Philippines' largest export market in July, buying $1.68 billion worth of Philippine goods. This represents 20.7 percent of total exports. Hong Kong followed with $1.29 billion, or 15.9 percent, while China bought $919.82 million.
Japan and Singapore rounded out the five largest markets, buying $856.60 million and $401.17 million respectively. The diverse market base reduces reliance on any single country. It also positions the Philippines to weather regional economic fluctuations.
Expanding Trade Networks
The DTI-Export Marketing Bureau assisted more than 3,200 exporters in accessing over 20 markets during the first half of 2026. Working with Philippine Trade and Investment Centers, the agency facilitated business missions in Australia, China, Japan, Morocco, New Zealand, Spain, and Thailand. These missions pursued distribution deals and strengthened supply chains.
The government is also promoting Philippine businesses at major international trade shows. Events include Mega Show and Cosmoprof Asia in Hong Kong, Gamescom Asia in Thailand, and Fine Food Australia. Participation in these global platforms opens doors for Filipino brands.
A Commitment to Continued Growth
Roque said the government will continue working with other agencies and the private sector. The goal is to help more Filipino businesses turn international exposure into sustained export growth. She affirmed that DTI will not let up until every capable business finds its place in the global market.
The record export performance signals a strengthening economy. It creates jobs, boosts foreign exchange reserves, and supports public services. The challenge ahead is to broaden the gains beyond electronics to include more sectors.
