Total external trade in goods in Philippines up 13% YoY in Dec 2025

The growth was faster than the 9-per cent expansion observed in November last year and reversed the 1.6-per cent contraction recorded in December 2024.

Imports accounted for 60.1 per cent of total trade, while exports made up the rest.

The country’s trade balance improved, with the trade deficit narrowing to $3.52 billion, following a 15-per cent annual decline compared with a 19.9-per cent decline at end-November 2025. In December 2024, the trade balance posted a 0.8-per cent change.

Seasonally-adjusted exports were worth $7.33 billion in value in the month—a month-on-month (MoM) rise of 1 per cent, PSA said.

Exports of manufactured goods in the month were worth $5.9 billion—a MoM decrease of 0.5 per cent.

Seasonal factors like the degree of demand for selected major types of goods during the period pulled down the total value of exports and the export value of manufactured goods.

Seasonally adjusted imports in the month amounted to $10.81 billion—a MoM decline of 4.6 per cent.

The seasonally-adjusted import value of consumer goods was $2.13 billion in the month—a MoM drop of 8.4 per cent.

Raw materials and intermediate goods imports were worth $3.56 billion—a MoM decline of 15.2 per cent, a release from the authority said.

On the other hand, the seasonally-adjusted import value of capital goods was $3.49 billion—a MoM increase of 1.8 per cent.

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