FX.co ★ Philippine Exports Growth Hits 16-Year High

Philippine exports soared by 35.6% year-on-year in September 2026 to a new record high of USD 9.9 billion, following an upwardly revised 28.3% increase in August. This was the fastest export growth since September 2010.

Electronic products remained the country’s leading export, accounting for 70.1% of total shipments and surging by 71.9%. Within this category, semiconductor components jumped 86.1%, while office equipment rose 89.1%. Export receipts also increased for gold (+24.2%), bananas (+43.2%), and electronic equipment and parts (+73.5%).

By contrast, shipments of other manufactured goods fell 20.7%, and exports of machinery and transport equipment declined 4.9%.

Among major trading partners, exports to the United States—Philippines’ largest market with a 20.2% share of total shipments—surged 135.3%. Exports also grew to Hong Kong (+40.8%), China (+15.4%), Vietnam (+488.1%), Taiwan (+36.8%), and Singapore (+29.9%).

For the January–September period, total exports increased by 17.2% to USD 73.9 billion.