Philippines merchandise exports jump 14.5% by Nov, exceed 2024 level

Philippines merchandise exports continued their strong upward trajectory, rising 14.5 per cent year-over-year (YoY) by the end of November to reach $77.4 billion, already surpassing the full-year total of $73.27 billion recorded in 2024, according to data released by the Department of Trade and Industry (DTI).

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)