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30.06.202601:31:31UTC+00Philippine Exports Rises 7.6% in May

Philippine exports grew 7.6% year-on-year to USD 7.9 billion in May 2026, slightly faster than the 7.2% increase recorded in April. Electronic products, which made up 54.6% of total exports, rose 11.9%. This was supported by robust gains in semiconductors (+11.5%), consumer electronics (+167.2%), office equipment (+137.9%), and telecommunications equipment (+68.9%), which more than offset sharp declines in electronic data processing (-32.7%) and medical/industrial instrumentation (-37.6%).

Exports of machinery and transport equipment (+51.2%), other mineral products (+30.2%), gold (+19.4%), coconut oil (+25.2%), and bananas (+23.3%) also increased. By destination, shipments to the US—Philippines’ largest export market with a 17.2% share of total exports—climbed 20.8%. Export sales likewise rose to Hong Kong (+8.0%), China (+20.9%), Singapore (+45.6%), and South Korea (+22.3%).

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