The Philippines’ total exports from January to February 2026 reached $14.47 billion, an 8.3% increase from the same period last year, marking the highest export level for the first two months since 1991, according to the Philippine Statistics Authority.
Building on January’s $7.14 billion gains, export performance remained strong in February, with outbound shipments growing by 8% to $7.33 billion from $6.79 billion in the same month in 2025. This marked the 14th consecutive month of export expansion and the highest monthly level since October 2025.
Department of Trade and Industry (DTI) Secretary Ma. Cristina A. Roque said the latest figures reflect steady global demand and affirm the Philippines’ expanding trade reach, supported by a stronger network of free trade agreements (FTAs) under the administration of President Ferdinand R. Marcos Jr.
“The broad-based gains across electronics, minerals, and agro-based products show that Filipino products are recognized and utilized globally, reflecting the quality and reliability of our industries,” Roque said. “These results affirm that our strategy to diversify and deepen trade partnerships is working.
We will build on this momentum by expanding market access through our FTAs, strengthening value chains, and enhancing support for exporters to sustain growth throughout the year.”
Electronics drove export growth, increasing by $718.92 million to $4.23 billion and accounting for 57.7% of total exports. Machinery and transport equipment followed at $415.22 million (5.7%), while gold reached $337.55 million (4.6%).
By commodity group, manufactured goods dominated exports at $5.96 billion or 81.3% of the total. Mineral products contributed $615.26 million (8.4%), while agro-based products reached $608.06 million (8.3%).
Industry sources attributed the strong performance to sustained global demand for semiconductor components and devices, particularly those used in emerging technologies, as well as higher shipment volumes during the month.
In addition, agro-based exports posted gains, supported by increased demand for desiccated coconut and other coconut products, which lifted the coconut subsector by 6.5% despite lower coconut oil exports. Meanwhile, processed pineapple products—including canned pineapple, juice, and concentrates—drove a 17.3% increase in the fruits and vegetables subsector, offsetting weaker demand for fresh bananas in some markets.
By trading partner, the United States remained the top export market at $1.41 billion (19.3%). Other key destinations were Hong Kong ($ 1.17 billion or 16.0%), Japan ($986.44 million or 13.5%), China ($663.71 million or 9.1%), and the Netherlands ($328.0 million or 4.5%).
The DTI said it continues to monitor global developments affecting trade and logistics and is working with industry partners on market diversification, alternative distribution channels, supply chain coordination, and timely market information.
