Philippine exports edge down 1.2% MoM in August

The seasonally-adjusted export sales of manufactured goods in the country amounted to $5.51 billion in the month—an increase of 0.2 per cent MoM.

The seasonally-adjusted import values of raw materials and intermediate goods, consumer goods and capital goods dropped by 3.6 per cent (to $3.86 billion), 3.3 per cent (to $2.29 billion) and 2.8 per cent (to $3.27 billion) respectively.

Seasonal factors like the degree of demand for selected major types of goods during the period pushed up the total value of exports, imports, export value of manufactured goods and import value of consumer goods, a PSA release said. However, it pulled down the import values of capital goods and raw materials and intermediate goods.

In August this year, the country’s total external trade in goods amounted to $17.67 billion—a drop of 1.3 per cent year on year (YoY). In July 2025 and August 2024, the total external trade in goods recorded annual increases of 10 per cent and 1.9 per cent respectively.

Of the total external trade in August, 60 per cent were imported goods, while the remaining 40 per cent were exported goods.

The trade deficit in goods in August this year was $3.54 billion—a YoY decline of 19.4 per cent. In July 2025, the trade deficit saw a YoY decrease of 9.3 per cent, while a YoY increase of 7.1 per cent was recorded in August 2024.

The country’s total export sales in August amounted to $7.06 billion—a YoY rise of 4.6 per cent. In July 2025 and August 2024, the total export sales registered YoY increases of 17.6 per cent and 0.4 per cent respectively.

The total value of exports between January and August 2025 amounted to $55.7 billion—a YoY increase of 12.6 per cent.

ALCHEMPro News Desk (DS)