Philippine merchandise exports grew 7 percent year-on-year in April 2025, driven by sustained demand from the United States, according to data released by the Philippine Statistics Authority (PSA) Friday.
Overall export sales in April amounted to $6.75 billion, an increase from $6.30 billion a year earlier. However, this figure was slightly lower than the $6.77 billion recorded in March.
Exports to the U.S. rose 10.6 percent in April to $1.03 billion, up from $971 million a year ago.
Imports, meanwhile, declined 7.2 percent in April to $10.24 billion. This resulted in a 26.1-percent reduction in the trade deficit, which fell to $3.49 billion from a $4.72 billion shortfall a year ago.
For the first four months of 2025, Philippine exports reached $26.87 billion, marking an annual growth of 9.5 percent from $24.54 billion in the same period last year. Imports in the first four months increased 5.6 percent to $42.78 billion from $40.53 billion a year earlier.
Electronic products continued to be the Philippines’ top export in April 2025, bringing in $3.41 billion, or 50.5 percent of total exports. This was followed by other manufactured goods at $843.60 million (12.5 percent) and other mineral products at $291.61 million (4.3 percent).
By major type of goods, manufactured goods contributed the most to total exports in April 2025, accounting for $5.46 billion or 80.9 percent of the total. Agro-based products followed with $595.21 million (8.8 percent), and mineral products contributed $480.86 million (7.1 percent).
The United States was the Philippines’ largest export market in April 2025, with exports valued at $1.03 billion, representing a 15.2 percent share of total exports. The other top export trading partners were Hong Kong ($918.74 million), Japan ($893.60 million), China ($697.63 million) and Canada ($478.50 million).
The commodity group with the highest import value in April was electronic products, totaling $2.31 billion, or 22.6 percent of all imports. This was followed by transport equipment at $1.20 billion and mineral fuels, lubricant, and related materials at $1.08 billion.
Imports from China reached $3.01 billion in April, making up 29.4 percent of the country’s total imports.
