Manila: The Philippines registered a USD273 million balance of payment surplus in the third quarter of 2025, the Bangko Sentral ng Pilipinas (BSP) reported Friday.

According to Philippines News Agency, BSP data showed that this figure is significantly lower than the USD3.68 billion surplus recorded in the same period last year. For the first three quarters of this year, the BOP position has turned into a deficit of USD5.3 billion, attributed to higher imports and the impact of the global financial situation.

BSP data highlighted that as of the end of September this year, the BOP marked a turnaround from the USD5.12 billion surplus during the same period in 2024. The decline in the BOP position was primarily traced to a shortfall in the current account, which posted a USD12.51 billion deficit. The current account includes the country's imports and exports.

This current account deficit was countered by USD12.2 billion in inflows under the financial account, which includes remittances sent by overseas Filipino workers, the business process outsourcing sector, and travel receipts. The BSP noted that these financial account inflows reflect 'continued investor interest and steady capital inflows.'

The BSP added that the inflows were driven by sustained foreign direct and portfolio investment inflows, alongside foreign borrowings by the National Government.