Manila: The country's total external trade in goods increased by 16.3 percent to USD22.27 billion in July, from USD19.14 billion in the same month last year, the Philippine Statistics Authority (PSA) reported. Data revealed that 63.4 percent of the total external trade in goods during the month were imported goods, resulting in a trade deficit of USD5.97 billion.

According to Philippines News Agency, export sales saw a significant rise of 10.8 percent, reaching USD8.15 billion compared to USD7.36 billion in July last year. Electronic products led the surge in export value with USD869.72 billion, followed by gold and electronic equipment and parts. Electronic products remained the top export commodity for the country in July, generating USD4.79 billion and accounting for 58.8 percent of total exports. Other manufactured goods and mineral products followed with export values of USD371.46 million and USD366.26 million, respectively. The leading export destinations included the United States, Hong Kong, the People's Republic of China, Japan, and Singapore.

Imports during the month rose by 19.8 percent to USD14.12 billion, up from USD11.79 billion in July of the previous year. Electronic products topped the import list with a value of USD4.60 billion, followed by mineral fuels, lubricants, related materials, and transport equipment. The main sources of imported goods were China, Korea, Japan, Indonesia, and the United States.

In comparison, June's total external trade in goods saw a 21.3 percent increase to USD22.48 billion, from USD18.53 billion in June 2025, with imports constituting 61 percent of the total trade during that month.