Philippines Balance Commerciale

The Philippines’ trade deficit narrowed to USD 3.95 billion in June 2025 from USD 4.34 billion in the same month last year. Exports climbed 26.1% year-on-year to USD 7.02 billion, driven by a surge in electronic product sales (+30%), particularly electronic data processing (+54.1%), office equipment (+39.4%), and semiconductors (+24.6%). Notably, gold exports soared 130.9% amid increased safe-haven demand due to global trade uncertainties following US tariffs. The US accounted for the largest share of exports (17.3%), followed by Hong Kong (15.2%), and Japan (13.9%). Meanwhile, imports rose 10.8% to USD 10.97 billion, attributed to increased purchases of telecommunications equipment and electrical machinery (+69.6%), and transport equipment (+66.1%). China remained the top import source, accounting for 28.2%, followed by Japan (7.9%), and South Korea (7.8%).For the first half of the year, the trade deficit narrowed to USD 23.97 billion from USD 25.06 billion in 2024.