PH Goods Exports Hit All-Time High at $8.77B in June 2026

Philippine goods exports reached an all-time high of $8.77 billion in June 2026, marking a significant 24.1% year-on-year increase from $7.07 billion in June 2025, according to data from the Philippine Statistics Authority (PSA) cited by the Department of Trade and Industry (DTI). This performance also represents the highest export growth rate recorded for 2026 and over the past 12 months. The surge was primarily driven by electronic products, which generated $5.25 billion, accounting for 59.9% of total exports. Rapidly escalating demand for artificial intelligence (AI), the Internet of Things (IoT), and investments in hyperscale data centers fueled the growth of components and semiconductors, leading to a 33.4% increase in their revenues. Manufactured goods, as a whole, remained the country's largest export category, comprising 82.2% of total exports in June 2026 and posting a 30.2% growth compared to June 2025, nearly four times the growth rate recorded in the previous month. Among agro-based products, coconut oil continued to dominate, posting $232.9 million, 12% higher than June 2025 levels. Conversely, banana exports dropped by 20.8%, attributed to pests and competition impacting production and export performance. The DTI highlighted that upcoming negotiations with Japan to review preferential tariff treatment for bananas under the Philippines-Japan Economic Partnership Agreement are critical for regaining and expanding the country's position as a major exporter of this commodity. From January to June 2026, Philippine merchandise exports reached $46.72 billion, a 13.1% increase from $41.31 billion during the same period last year. This is the highest first-half export value recorded since 1991. The United States remained the Philippines' top export market in June, with $1.76 billion (20.1% of total exports), followed by Hong Kong ($1.34 billion, 15.3%), the People's Republic of China ($1.00 billion, 11.4%), Japan ($990.16 million, 11.3%), and Singapore ($508.18 million, 5.8%). Trade Secretary Cristina Roque stated, "The historic export performance is a testament to the hard work, resilience and dedication of our Filipino exporters. Despite uncertainties in global trade, they continue to invest in their businesses, create opportunities for our people and proudly carry the Philippine brand into markets around the world." She added that the DTI will prioritize building stronger connections with trade shows, opening more market opportunities by leveraging Free Trade Agreements (FTAs), and providing support for enterprises to grow globally by linking them with investors and buyers. Meanwhile, the country's total external trade in goods amounted to $22.48 billion in June, up 21.3% from $18.53 billion in the same period of 2025, marking the highest monthly total external trade since the series began in 1991. However, the balance of trade in goods saw a deficit of $4.94 billion, up 12.3%, as imports outweighed exports. Total imported goods into the country stood at $13.711 billion, up 19.6% from $11.46 billion a year ago. Source: GMA Money Philippines