Philippines Trade Trends January 2026

According to data released by the Philippine Statistics Authority (PSA), the country’s international trade in goods reached USD 18.2 billion in January 2026, an annual increase of 0.9 per cent, with exports growing by 7.9 per cent year-on-year and imports registering a 3.1 per cent decline.

Electronic products remained the Philippines’ leading export category, generating USD 4 billion and accounting for 56.5 per cent of total exports. Machinery and transport equipment and other manufactured goods were the next largest export groups.

The United States was the Philippines’ top export market in January 2026, with Japan, China and Korea among the main destinations. On the import side, China remained the country’s largest supplier, followed by Japan, Indonesia, South Korea and Thailand.

The Association of Southeast Asian Nations (ASEAN), a political and economic union with a population of 667 million and a combined GDP of USD 4.2 trillion in 2025, continues to play a central role in regional trade dynamics.