Manila: The Philippines' total external trade in goods rose by 21.3 percent to USD22.48 billion in June from USD18.53 billion in the same month last year, according to the Philippine Statistics Authority (PSA). Data released Thursday showed that of the total external trade in goods during the month, 61 percent were imports, while the remaining 39 percent were exports.

According to Philippines News Agency, the balance of trade in goods, or the difference between the value of exports and imports, recorded a deficit of USD4.94 billion. The total value of exports reached USD8.77 billion, marking the highest recorded since the PSA series began in 1991. This figure was also 24.1 percent higher than the USD7.07 billion total export sales in the same month of 2025.

Electronic products recorded the highest increase in export value at USD1.37 billion, followed by gold and electronic equipment. By commodity group, electronic products continued to be the country's top exports with total earnings of USD5.25 billion, accounting for 59.9 percent of the total export value. Other significant export items included other mineral products with an export value of USD414.85 million and other manufactured goods with USD401.37 million. The United States, Hong Kong, the People's Republic of China, Japan, and Singapore were identified as the top export destinations in June.

Imports, meanwhile, also recorded a double-digit growth of 19.6 percent to USD13.71 billion from USD11.46 billion. Imports of electronic products recorded the highest import value of USD4.77 billion, followed by mineral fuels, lubricants and related materials, and transport equipment. China emerged as the biggest source of imported goods in June, with other top sources of imports being South Korea, Japan, Indonesia, and the US.