Philippine exports rose to a record $14.47 billion in the first two months of 2026, marking an 8.3 percent increase from a year earlier and the highest January–February level since 1991, according to the Philippine Statistics Authority.
The strong start builds on January’s $7.14 billion performance, with February shipments rising 8 percent to $7.33 billion—extending the country’s export growth streak to 14 consecutive months.
Trade officials attributed the sustained expansion to robust global demand and the Philippines’ widening trade footprint, supported by an expanding network of free trade agreements.
The Department of Trade and Industry (DTI) said gains were broad-based across key sectors, including electronics, minerals, and agro-based products, signaling continued confidence in the quality and competitiveness of Philippine exports.
Highlights
- Philippine exports reached $14.47B in January–February 2026, marking an 8.3 percent year-on-year increase driven by sustained external demand
- This is the highest two-month export performance since 1991, signaling strong momentum early in the year
- February exports alone hit $7.33B, up 8 percent YoY, maintaining the country’s positive trade trajectory
- The country logged its 14th consecutive month of export growth, reflecting resilience despite global uncertainties
- Electronics remained the top driver, generating $4.23 billion and accounting for 57.7 percent of total exports
- Manufactured goods continued to dominate, contributing $5.96 billion or 81.3 percent of total outbound shipments
- Mineral products brought in $615.26M (8.4 percent), while agro-based goods added $608.06M (8.3 percent) to the export mix
- Strong global demand persisted for semiconductors, coconut-based products, and processed pineapple goods
- Key export destinations included the United States, Hong Kong, Japan, China, and the Netherlands, highlighting diversified market reach
- The DTI is ramping up efforts on free trade agreements, market diversification, and supply chain support to sustain export growth —Ed: Corrie S. Narisma
