Exports rose 14.5 percent year-on-year in end-November 2025 to $77.4 billion, according to the Department of Trade and Industry on Monday (Dec. 29). This level exceeded the full-year 2024 level of $73.27 billion. (Photo courtesy of DTI website)
Philippine merchandise exports surged 14.5 percent year on year as of end-November, reaching $77.4 billion and already surpassing the $73.27 billion recorded for the entire 2024, according to data released by the Department of Trade and Industry.
Exports in November alone jumped 21.3 percent to $6.9 billion, fueled by strong performances from electronics, agro-based products, and consumer goods. The DTI said the latest results extended the country’s export growth streak to 11 consecutive months and marked the third straight month of double-digit expansion.
The stronger export showing also helped narrow the trade deficit by 9.9 percent as import growth moderated.
Electronics led the charge, with export receipts climbing 50.6 percent to $4.2 billion. Agricultural and resource-based products also posted solid gains, with coconut products rising 27.1 percent to more than $70 million, while banana and pineapple juice exports increased by 38.8 percent and 40 percent, respectively, contributing a combined $46 million.
Gold exports jumped 50.7 percent to $181.8 million, while machinery and transport equipment rose 29.4 percent to $317 million.
Consumer goods continued to gain traction globally, with furniture and fixtures up 65.9 percent, footwear rising 28.6 percent, travel goods increasing 28.3 percent, and garments growing 11.2 percent.
Major export destinations in November included Hong Kong and the United States at $1.2 billion each, followed by the Netherlands and Taiwan with a combined $330 million, Germany at $295.9 million, and Malaysia, Mexico, and Italy, all of which posted growth of more than 50 percent. Exports to Canada tripled to $1.6 billion, while shipments to Australia reached $1.7 billion.
The DTI said the sustained upswing underscores the competitiveness of Filipino products in global markets. Trade Secretary Cristina Roque said the robust performance of electronics, food products, and consumer goods reflects rising global demand and continues to support jobs, incomes, and broader opportunities for exporters.
Meanwhile, DTI–Export Marketing Bureau Director Bianca Pearl Sykimte attributed the momentum partly to improved market access for agricultural exports.
She cited the US reciprocal tariff exemption on key Philippine farm products as a critical factor in leveling the playing field for local exporters, adding that strategic export development and promotion initiatives are expected to sustain growth and drive more inclusive gains in the months ahead.