In April 2026, the Philippines' total external trade in goods reached P20.38 billion, reflecting a robust 16.1% increase compared to P17.55 billion in the same month last year, as reported by the Philippine Statistics Authority (PSA).
Trade Balance and Export Performance
Despite the growth in trade volume, the country's balance of trade in goods reported a deficit of $5.97 billion, marking a 49.8% rise from April 2025. This widening gap underscores the continuing reliance on imports.
Exports continued to grow, increasing by 6.3 percent to $7.21 billion from $6.78 billion in April 2025.
Philippine Statistics Authority
- Machinery and transport equipment saw a significant increase of $187.63 million.
- Coconut oil exports rose by $173.03 million.
Electronic products dominated the export sector, generating $3.44 billion, followed by other mineral products at $458.95 million and machinery at $423.36 million.
Key Trading Partners and Import Growth
The United States, China, Japan, Hong Kong, and Singapore were the leading destinations for Philippine exports.
On the imports side, total purchases surged by 22.4% to $13.17 billion, up from $10.77 billion a year earlier. Notably, electronic products accounted for 32% of total imports, valued at $4.22 billion.
- Mineral fuels and lubricants followed at $2.55 billion.
- Transport equipment imports were valued at $714.26 million.
China remained the Philippines' largest source of imports, followed by Korea, Japan, Malaysia, and Indonesia.