The Philippine Statistics Authority (PSA) reported that seasonally adjusted total exports reached US$6.69 billion in February 2025, reflecting a modest 0.2% increase compared to the US$6.68 billion recorded in January 2025. This rise is attributed to growth in specific export categories, particularly manufactured goods.
The seasonally adjusted export value of manufactured goods amounted to USD 5.48 billion in February 2025, marking a more substantial monthly gain of 3.2% from USD 5.31 billion in January 2025.
Conversely, the export value of agro-based products experienced a slight decrease, with a seasonally adjusted total of USD 585.71 million in February 2025, representing a 1.1% decline from the USD 592.38 million recorded the previous month. Mineral products also saw a notable drop, with seasonally adjusted exports totaling USD 481.76 million, reflecting a 16.6% decrease from USD 577.65 million in January 2025.
The overall fluctuations in export values, including those of agro-based products, mineral products, and manufactured goods, were primarily influenced by seasonal demand factors. These variations highlight how different types of goods are impacted by seasonal trends. It is worth noting that certain major categories, such as forest products and petroleum products, do not experience significant seasonal effects.
Imports
Seasonally adjusted total imports in February 2025 amounted to USD 10.58 billion, a decrease of 5.4% from the USD 11.19 billion recorded in January 2025. This decline was observed across several major import categories:
- Consumer goods: USD 2.11 billion, down 8.4% from USD 2.31 billion in January 2025.
- Capital goods: USD 2.91 billion, down 7.0% from USD 3.13 billion.
- Raw materials and intermediate goods: USD 4.09 billion, a slight decrease of 0.4% from USD 4.11 billion in January 2025.
Seasonal demand factors contributed to the overall drop in import values, particularly for consumer goods, capital goods, and raw materials. Notably, imports of mineral fuels, lubricants, and related materials do not exhibit seasonal fluctuations.
These seasonal dynamics in both exports and imports underscore the impact of changing demand patterns on trade flows, influencing the monthly movements observed in February 2025.
