Philippines Trade Trends May 2025

According to data released by the Philippine Statistics Authority, the country’s international trade showed the following trend in May 2025, with exports increasing by 15 per cent year-on-year, while imports fell by 4.4 per cent.

By commodity group, electronic products remained the Philippines’ leading export, generating USD 3.8 billion, which accounted for 52.8 per cent of total exports. This was followed by other manufactured goods valued at USD 583 million (8 per cent) and other mineral products with USD 308 million (4.2 per cent).

In terms of trading partners, the United States was the Philippines’ top export destination in May 2025, with shipments worth USD 1.5 billion, representing 15.3 per cent of total exports, followed by Japan, China, and Singapore.

According to the latest projections from the International Monetary Fund (IMF), the Philippine economy is expected to grow by 5.5 per cent in 2025.

The Association of Southeast Asian Nations (ASEAN) is a political and economic bloc comprising ten member countries, with a combined population of 667 million and a total land area of 4.5 million square kilometres. ASEAN ranks as the third-largest economy in the Asia-Pacific region and the fifth-largest globally, with the ASEAN Economic Community (AEC) reaching a combined GDP of USD 4.2 trillion as of 2024.