Philippine exports rose 24.1% YoY to $8.77 bln in June, a record and the fastest
pace in over a year, beating a median 8% forecast, the Philippine statistics
agency said. United Bank chief economist Ruben Carlo Asuncion said the data
indicate the Philippines retains a favourable position in regional and global
electronics supply chains despite global uncertainty. Exports provide relief for
an economy facing slowing growth and widening budget and current-account
deficits. The government expects exports to grow 3% this year, down from 15.3%
in 2025 when growth was boosted by Middle East-related trade flows. Electronics
exports jumped about one-third to $5.25 bln, accounting for nearly 60% of June
shipments; the United States remained the top market, taking roughly one-fifth
of exports.
