Philippine exporters are bullish about growth prospects in 2026 following a record-breaking 2025 performance, while calling on the government to enhance support for the sector amid rising costs and global competition.
Philippine Exporters Confederation, Inc. (PHILEXPORT) President Sergio Ortiz-Luis Jr., highlighted recent trade agreements—including the free trade deal with South Korea and ongoing negotiations with Canada and other markets—as key drivers for sustained export growth.
“These are positive indications, especially since we initially expected US tariffs to affect our exports. But our shipments grew by around 16 percent in 2025,” Ortiz-Luis said.
Preliminary data from the Philippine Statistics Authority show total export receipts reached $84.41 billion in 2025, up 15.2 percent from $73.27 billion in 2024.
“Without new tariff adjustments, we are looking at good prospects for 2026,” Ortiz-Luis said.
US remains top market
The United States remains the Philippines’ largest export destination, accounting for roughly 15 percent of total export revenues. Half of exports to the US are electronics, with agricultural and other products comprising the remainder.
“Concerns about higher US tariffs did not materialize, allowing electronics to grow over 10 percent instead of the projected 2 percent,” Ortiz-Luis said. Agricultural exports such as coconut also retained zero-tariff treatment, preserving competitiveness abroad.
Call for government support
Ortiz-Luis urged the government to increase funding and policy support for exporters, particularly to address high fuel and electricity costs. He emphasized that a transparent, consistent, and stable policy environment is essential for attracting investors and sustaining growth.
He also highlighted improvements by the Anti-Red Tape Authority and positive developments in Philippine Economic Zone Authority zones, which have streamlined processes for businesses.
Ortiz-Luis cited the involvement of First Lady Liza Araneta-Marcos in export promotion, including the rapid rehabilitation of the Center for International Trade Expositions and Missions (CITEM) exhibition halls.
“With continued government collaboration, rising trade opportunities, and strengthened domestic competitiveness, Philippine exporters are well-positioned for a strong 2026,” he concluded.