Philippines records $3.95B trade deficit in June

The Philippines recorded a trade deficit of $3.95 billion in June 2025, marking an 8.8% decrease year-on-year but widening month-on-month as imports grew while exports declined.

Exports increased by 26.1% from the previous year to reach $7.02 billion in June, driven mainly by electronic products which accounted for 55.4% of total exports.

Imports rose by 10.8% year-over-year to reach $10.98 billion, led by electronic products worth $2.56 billion, followed by mineral fuels and transport equipment.

China remained the largest supplier of imported goods with a share of 28.2%, accounting for $3.1 billion in total imports, while the United States was still the top export destination with sales amounting to $1.22 billion.