Philippines records narrower trade deficit in July due to higher exports

The Philippines recorded a narrower trade deficit in July 2025 due to a significant increase in exports.

Export sales grew by 17.3 percent to USD 7.3 billion from USD 6.2 billion the previous year, primarily driven by electronic products, other mineral products, and gold.

Electronic products remained the top export category, contributing USD 3.92 billion or 53.5% of total exports in July 2025.

Imports rose slightly by 2.3 percent to USD 11.4 billion from USD 11.1 billion a year earlier, with electronic products being the highest import category at USD 2.8 billion or 24.6% of total imports.

The United States was the top export destination, while China led as the largest supplier of imported goods.