The country’s total external trade in goods went up by 16.3 percent to USD22.27 billion in July, from USD19.14 billion in the same month last year, the Philippine Statistics Authority (PSA) said.

Data released Friday showed that of the total external trade in goods during the month, 63.4 percent were imported goods.

The balance of trade in goods, or the difference between the value of exports and imports, meanwhile, recorded a deficit of USD5.97 billion.

Exports sales continued to post double-digit increase, growing by 10.8 percent to USD8.15 billion from USD7.36 billion in July last year.

Electronic products recorded the highest increase in export value at USD869.72 billion, followed by gold, and electronic equipment and parts.

By commodity group, electronic products also continued to be the country’s top exports in July with total earnings of USD4.79 billion, accounting for 58.8 percent of the country’s total exports.

This was followed by other manufactured goods with an export value of USD371.46 million and other mineral products with USD366.26 million.

The United States, Hong Kong, the People’s Republic of China, Japan, and Singapore were the top export destinations in July.

Imports, meanwhile, amounted to USD14.12 billion, up by 19.8 percent from USD11.79 billion in July last year.

Imports of electronic products recorded the highest import value of USD4.60 billion, followed by mineral fuels, lubricants and related materials, and transport equipment.

China, Korea, Japan, Indonesia and the United States were the biggest source of imported goods during the month.

In June, total external trade in goods rose by 21.3 percent to USD22.48 billion, from USD18.53 billion in June 2025. Of the total external trade in goods during the month, 61 percent were imports. (PNA)