Driving the news:
A strong global appetite for Philippine export products—particularly mineral commodities, machinery and transport equipment, gold, manufactured goods, and coconut oil—bolstered the country’s trade performance.
“Amid global challenges like geopolitics and supply chain issues, Filipino businesses continue to find ways to grow and compete. Their strength helps boost our export performance,” said Trade Secretary Cristina A. Roque.
She added that, per the President’s directive, the Department of Trade and Industry (DTI) is ramping up support for exporters through market insights, business-matching initiatives, and global trade missions.
By the numbers: Top export destinations and increase in shipments
United States: +35.2 percent to $1.21B (from $898.38M in June 2024)
Hong Kong: +13.8 percent to $1.07B
Japan: +30.5 percent to $974.80M
What they’re saying:
DTI-Export Marketing Bureau (EMB) Director Bianca Pearl Sykimte said the strong performance, particularly in the US market, may partly reflect accelerated deliveries by exporters in anticipation of potential tariff adjustments.
“While this contributed to the June surge, it also underscores the importance of diversifying our export markets,” said Sykimte. “We’re actively working to support sectors that are heavily reliant on the US by opening new trade avenues and strengthening our presence in emerging and strategic markets.” —Ed: Corrie S. Narisma
