Philippines' exports up 6.3%, extending growth streak in April

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MANILA, Philippines — Exports extended its momentum in April, giving the country its strongest four-month export performance in more than four years despite lingering geopolitical risks and volatile exchange rates, the Department of Trade and Industry said.

Citing preliminary Philippine Statistics Authority data, the DTI said export sales reached $7.21 billion in April, up 6.3% from a year earlier. The latest figure marked the country’s 16th straight month of export growth.

From January to April, exports totaled $29.93 billion, higher than the $26.93 billion recorded in the same period last year.

Trade Secretary Cristina Roque said the figures showed continued momentum in export performance as the government works with industry and international partners to improve exporter readiness.

"As international trade environment continues to evolve, it is important that our exporters are prepared to adapt to new requirements and challenges," Roque said in a statement Sunday, May 31

"We continue to collaborate closely with industry partners, the private sector, and international organizations to help Philippine exporters become more competitive, market-ready, and globally connected," she added.

Electronics lead gains. Electronic products remained the country’s top export in April, generating $3.44 billion or 47.7% of total export receipts.

The DTI said the segment was supported by demand for consumer electronics, telecommunications and office equipment used in emerging technologies such as artificial intelligence and Internet of Things.

Other key contributors included mineral products at $458.95 million and machinery and transport equipment at $423.36 million. The DTI said this segment posted the highest annual increase among commodity groups, followed by coconut oil and other mineral products.

Coconut-based products also benefited from global demand for food ingredients and plant-based alternatives, according to the agency.

Top markets

The United States remained the country’s top export destination in April, accounting for $1.30 billion or 18% of total exports.

It was followed by China at $926.66 million, Japan at $914.64 million, Hong Kong at $914.59 million and Singapore at $332.75 million.

To sustain growth, the DTI said its Export Marketing Bureau continues to run programs on sustainability, traceability, women-focused export readiness, logistics, customs and digital trade.

The department also said it was helping micro, small and medium enterprises enter new markets through halal certification assistance, trade fairs, business matching and business missions.

Still, the DTI said external risks remain, including Middle East tensions, pressure on oil supply, currency volatility and exporters’ reliance on imported inputs.