PH trade hit a record USD 22.48B in June 2026; electronics stayed top import

The Philippines' total trade in goods rose 21.3% year-on-year, with both exports and imports posting record highs.

Image of an AI-generated microchip with the Philippine flag using Google Gemini

Trade surges, but so does deficit; electronics stayed top import

Photo from PSA

The Philippines' total external trade in goods reached USD 22.48 billion (around PHP 1.38 trillion) in June 2026, up 21.3 percent from USD 18.53 billion (around PHP 1.14 trillion) a year earlier, the highest total on record since the series began in 1991.

Annual growth had been 20.4 percent in May 2026 and 19.8 percent in June 2025.

Imports made up 61.0 percent of total trade in June, with exports accounting for the remaining 39.0 percent.

The trade deficit widened to USD 4.94 billion (around PHP 303.32 billion), up 12.3 percent year-on-year, though it was the narrowest gap since February 2026's USD 4.01 billion (around PHP 246.19 billion). The deficit had grown 67.6 percent in May 2026 and 1.4 percent in June 2025.

Export sales rose 24.1 percent to USD 8.77 billion (around PHP 538.68 billion) in June 2026 from USD 7.07 billion (around PHP 434.10 billion) a year earlier, also a record high. Growth was 8.6 percent in May 2026 and 26.9 percent in June 2025.

Electronic products drove the largest annual export gain at USD 1.37 billion (around PHP 84.12 billion), followed by gold (USD 94.44 million, around PHP 5.80 billion) and electronic equipment and parts (USD 93.80 million, around PHP 5.76 billion).

Year-to-date exports (January to June) reached USD 46.72 billion (around PHP 2.87 trillion), up 13.1 percent from USD 41.31 billion (around PHP 2.54 trillion), also a record.

Electronic products remained the top export category at USD 5.25 billion (around PHP 322.35 billion), or 59.9 percent of total exports, followed by other mineral products and other manufactured goods. By type, manufactured goods led overall at USD 7.21 billion (around PHP 442.69 billion, 82.2 percent), followed by mineral products and agro-based products.

The US remained the top export market at USD 1.76 billion (around PHP 108.06 billion, 20.1 percent), followed by Hong Kong, China, Japan, and Singapore.

Imports, meanwhile, rose 19.6 percent to USD 13.711 billion (around PHP 841.86 billion) in June 2026 from USD 11.46 billion (around PHP 703.64 billion) a year earlier, though this was the lowest monthly figure since April 2026 (USD 13.710 billion, around PHP 841.79 billion). Growth was 28.2 percent in May 2026 and 15.8 percent in June 2025.

Electronic products posted the biggest annual import gain at USD 2.16 billion (around PHP 132.62 billion), followed by cereals and cereal preparations (USD 158.86 million, around PHP 9.75 billion) and mineral fuels and related materials (USD 95.91 million, around PHP 5.89 billion).

Semiconductor components and devices led the electronics category.

Year-to-date imports reached USD 77.53 billion (around PHP 4.76 trillion), up 17.8 percent from USD 65.79 billion (around PHP 4.04 trillion), also a record.

Electronic products remained the top import category at USD 4.77 billion (around PHP 292.88 billion, 34.8 percent), followed by mineral fuels and related materials and transport equipment. By type, raw materials and intermediate goods led at USD 5.89 billion (around PHP 361.65 billion, 42.9 percent), followed by capital goods and consumer goods.

China remained the top import source at USD 4.35 billion (around PHP 267.09 billion, 31.7 percent), followed by South Korea, Japan, Indonesia, and the US.

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Source: PSA