Merchandise exports rose 14.5 percent on an annual basis in end-November to $77.4 billion, exceeding the $73.27 billion of the entire 2024.
Data released by the Department of Trade and Industry (DTI) on Monday showed that for November 2025 alone, exports rose 21.3 percent to $6.9 billion, driven by electronics, agro-based products and consumer goods.
“This extended export growth to 11 consecutive months and marked the third straight month of double-digit gains,” the DTI said. “The stronger export performance helped narrow the trade deficit by 9.9 percent, as import growth slowed.”
Electronics exports rose 50.6 percent to $4.2 billion.
Coconut products exports rose 27.1 percent to over $70 million; banana up by 38.8 percent and pineapple juice by 40 percent, with a combined $46 million contribution; gold, up 50.7 percent to $181.8 million; machinery and transport equipment, up 29.4 percent to $317 million; and non-food consumer goods such as furniture and fixtures, up 65.9 percent; footwear, up 28.6 percent; travel goods, up 28.3 percent; and garments, up 11.2 percent.
Top destinations of these projects last month are Hong Kong, $1.2 billion; United States, $ 1.2 billion; the Netherlands and Taiwan, $330 million combined; Germany, $295.9 million; and Malaysia, Mexico and Italy, each posting growth of over 50 percent.
DTI said exports to Canada tripled to $1.6 billion as well as to Australia, $1.7 billion.
The DTI said continued rise in exports shows that Filipino-made products remain competitive worldwide.
“The remarkable growth in electronics, food products, and consumer goods reflects growing global demand and supports jobs, incomes, and wider opportunities for our exporters,” Trade Secretary Cristina Roque said in a statement.
DTI–Export Marketing Bureau Director Bianca Pearl Sykimte traced this positive development to enhanced market access, particularly for agricultural products.
“The US reciprocal tariff exemption on key Philippine agriculture products provides a more level playing field for our food exporters in the US market. Coupled with gains in other markets from strategic export development and promotion initiatives, we see continued momentum for food exports and a more inclusive growth ahead,” she said.
ICTSI PHOTO