PH goods exports hit all-time high at $8.77B in June 2026

Citing data from the Philippine Statistics Authority (PSA), the DTI said exports last month saw a 24.1% increase year-on-year from $7.07 billion in June 2025.

This was also the highest recorded exports growth rate for 2026, and in the past 12 months, the DTI said.

The June 2026 exports performance was driven primarily by electronic products, followed by other mineral products and other manufactured goods.

Electronic products remained the country's top export, generating $5.25 billion or 59.9% of total exports in June with rapidly escalating demand for artificial intelligence (AI), Internet of Things, and investment in hyperscale data centers fueling the growth of components and semiconductors, which registered 33.4% higher revenues.

Overall, manufactured goods remained the country's largest export category, accounting for 82.2% of total exports in June 2026 and posting 30.2% growth compared with June 2025, almost four times the recorded growth rate in the previous month.

Coconut oil continued to dominate exports of agro-based products posting $232.9 million, 12% higher than June 2025 levels.

On the other hand, banana exports dropped by 20.8% as pests and competition pulled down production and export performance.

The DTI said the country's upcoming negotiations with Japan to review preferential tariff treatment for bananas under the Philippines-Japan Economic Partnership Agreement is critical to regaining and further expanding the country's position as a major exporter of this commodity.

From January to June 2026, Philippine merchandise exports reached $46.72 billion, up 13.1% from $41.31 billion during the same period last year.

This is also the highest first half export value recorded since 1991.

The United States The Philippines' total exports of goods surged to a record-high of $8.77 billion in June 2026, the Department of Trade and Industry (DTI) said Thursday remained the Philippines' top export market in June, with $1.76 billion, accounting for 20.1% of total exports.

It was followed by Hong Kong with $1.34 billion (15.3%), People's Republic of China with $1.00 billion (11.4%), Japan with $990.16 million (11.3%) and Singapore with $508.18 million (5.8%).

"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," said Trade Secretary Cristina Roque.

"The DTI will prioritize building stronger connections with more trade shows, opening more market opportunities by leveraging our FTAs [Free Trade Agreements], and providing the support our enterprises need to grow globally by linking them with investors and buyers. When the government, industry and exporters work together, we can push our exporters to grow beyond borders and create more opportunities for Filipino businesses to thrive," the Trade chief said.

PSA data, meanwhile, showed the country's total external trade in goods amounted to $22.48 billion in June, up 21.3% from the $18.53 billion total external trade in the same period of 2025.

The total external trade in June 2026 was the highest recorded since the series began in 1991.

The balance of trade in goods, the difference between the value of exports and imports, saw a deficit of $4.94 billion, up 12.3%, as imports outweighed exports during the period.

Total imported goods into the country stood at $13.711 billion, up 19.6% from $11.46 billion a year ago.

The commodity group with the highest annual increment in the value of imported goods was electronic products with $2.16 billion.

This was followed by cereals and cereal preparations, which increased by $158.86 million, and mineral fuels, lubricants and related materials with an annual increment of $95.91 million. — VDV, GMA News