Fashion
Philippines merchandise exports jump 14.5% by Nov, exceed 2024 level
In November 2025 alone, exports climbed 21.3 per cent to $6.9 billion, supported by robust demand for consumer goods. DTI noted that this marked the eleventh consecutive month of export expansion and the third straight month of double-digit growth. Slower import growth also helped narrow the trade deficit by 9.9 per cent.
Philippines merchandise exports rose 14.5 per cent YoY to $77.4 billion by the end of November, exceeding 2024’s full-year total, as per DTI.
November exports jumped 21.3 per cent to $6.9 billion, led by consumer goods.
Footwear and garments recorded strong gains, while exports to the US, Hong Kong, Canada and Australia surged, narrowing the trade deficit and highlighting global competitiveness.
Within consumer goods, footwear exports surged 28.6 per cent, while garments posted an 11.2 per cent increase. Key export destinations during the month included Hong Kong and the United States at $1.2 billion each. Shipments to the Netherlands and Taiwan together amounted to $330 million, Germany recorded $295.9 million, and exports to Malaysia, Mexico and Italy each grew by more than 50 per cent.
Exports to Canada nearly tripled to $1.6 billion, while shipments to Australia rose sharply to $1.7 billion, underscoring the broad-based nature of the expansion.
DTI said the sustained growth highlights the continued competitiveness of Filipino products in global markets. Cristina Roque, trade secretary at DTI said that the strong performance of consumer goods reflects rising global demand and supports employment, incomes and new opportunities for exporters, as reported by the Philippine media.
Bianca Pearl Sykimte, export marketing bureau director at DTI attributed the momentum partly to improved market access. She attributed the momentum to improved market access, alongside gains from targeted export development and promotion initiatives, which are expected to support more inclusive growth going forward.
Fibre2Fashion News Desk (SG)
While trends in high frequency indicators for January-February 2026 appear favourable, the heightened uncertainty around the duration of the Middle East conflict casts a shadow on the near-term macroeconomic outlook for India amid high import dependency for items like crude oil, natural gas and fertilisers, it noted.
India’s FY27 GDP growth is likely to slow to 6.5 per cent from the projected 7.5 per cent in FY26 owing to the impact of higher energy prices and concerns around energy availability, ICRA Ratings said.
The heightened uncertainty around the duration of the Iran war casts a shadow on the near-term macroeconomic outlook for India.
If the conflict lasts longer, the adverse effects could widen across sectors.
If the conflict lasts for an extended period, the adverse implications of the same could widen across sectors, amid an uptick in input costs and the consequent impact on profitability of the India corporate sector.
Amid the projected uptrend in the consumer price index-based inflation in FY27 with risks tilted to the upside, ICRA Ratings expects an extended pause on the policy rates by the central bank’s monetary policy committee in the fiscal despite the anticipated softening in the GDP growth. However, it expects the Reserve Bank of India to continue to intervene on the liquidity front during FY27.
The available data for January–February FY2026 indicate a positive trend across most non-agricultural indicators, with the year-on-year performance of 12 out of 18 indicators improving compared to the third quarter of FY26, while the remaining six deteriorated.
Fibre2Fashion News Desk (DS)
Indonesia’s apparel exports rose modestly to $8.705 billion in 2025 from $8.316 billion in 2024, reflecting gradual recovery.
The US remained dominant, accounting for over 56 per cent of shipments, highlighting growing market dependence.
While Japan, South Korea and Europe offered stability, exports stayed concentrated in key products and segments.
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Methanol prices in India have surged nearly 150 per cent from pre-Iran–US tension levels, tracking a sharp rise in crude oil and tightening global energy markets.
Hormuz disruption risks, limited rerouting capacity, rising freight and insurance costs, and constrained imports are fuelling volatility, with prices seen approaching ₹90 per kg.
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