Insider Spotlight
This marked the seventh consecutive month of expansion and the third straight month of double-digit growth.
From January to July, total exports climbed 13.9 percent to $48.62 billion, a turnaround from the declines recorded in the last four months of 2024.
Electronics lead the way
The electronics sector remained the main driver, posting a robust 24.5 percent increase to $3.92 billion in July. The growth was powered by semiconductors and integrated circuits, which are in high demand globally for consumer electronics, vehicles, and other digital technologies.
Other mineral products also boosted the figures, climbing 7.1 percent to $522.39 million, led by copper, nickel, and gold — key materials for clean energy and battery technologies. Exports of other manufactured goods advanced 5.6 percent to $395.77 million.
DTI: Resilience in export performance
Trade and Industry Secretary Cristina A. Roque said the performance underscores the resilience of Philippine exporters despite global headwinds.
“The consistent rise in our exports, particularly in electronics and minerals, highlights the resilience of Filipino enterprises even in a challenging global trading environment. This surge is powered by strong international demand and the increasing competitiveness of Philippine industries,” Roque said.
She added that the Department of Trade and Industry (DTI) will continue to support emerging sectors, expand market access, and ensure more businesses tap global opportunities.
Expanding market reach
The United States remained the country’s top export market in July with $1.16 billion (15.8 percent), followed by Hong Kong (15.2 percent), Japan (13.6 percent), China (11.3 percent), and the Netherlands (4.3 percent).
DTI-Export Marketing Bureau Director Bianca Pearl Sykimte noted that efforts are underway to broaden export horizons.
“Beyond our traditional partners, we are actively pursuing growth in Europe, ASEAN, and the Middle East. With targeted trade promotions, business-matching programs, and platforms like PHX Source and the FTA Integrated Portal, we are helping Filipino exporters seize opportunities in new markets,” she said. —Ed: Corrie S. Narisma