The Philippines’ trade deficit decreased by 8.8 percent in June 2025, as exports experienced double-digit growth, according to preliminary data from the Philippine Statistics Authority (PSA) released on Wednesday.
The balance of trade in goods, which represents the difference between the value of exports and imports, recorded a deficit of USD3.95 billion, down from USD4.33 billion in June of the previous year.
Export sales surged by 26.1 percent, reaching USD7.02 billion compared to USD5.57 billion in June 2024. By commodity group, electronic products remained the country’s top exports, generating total earnings of USD3.89 billion, which accounted for 55.4 percent of total exports for the month. This was followed by other mineral products and other manufactured goods.
Exports to the United States represented the highest export value, amounting to USD1.21 billion. Other major trading partners included Hong Kong, Japan, the People’s Republic of China, and Singapore.
On the other hand, the total value of imported goods rose by 10.8 percent to USD10.97 billion, up from USD9.90 billion in June last year. Electronic products, valued at USD2.56 billion, recorded the highest import value among commodity groups, followed by mineral fuels, lubricants, and related materials at USD1.40 billion, and transport equipment at USD1.32 billion.
China was the largest supplier of imported goods, with a total value of USD3.10 billion, accounting for 28.2 percent of the country’s total imports in June 2025. Other top sources of imports included Japan, the Republic of Korea, Indonesia, and Thailand.