Philippine imports rose 19.8% year-on-year to USD 14.1 billion in July 2026, easing from an upwardly revised 25% increase in June and marking the slowest growth since March. Electronics imports surged 61.3%, led by components and devices and electronic data processing equipment, while mineral fuels, lubricants and related materials and cereals and cereal preparations also recorded strong gains. China remained the largest source of imports, accounting for 29.5% of the total. Separately, exports increased 10.8% to USD 8.1 billion in July, slowing from June's revised one-year high, as stronger electronics shipments offset declines in minerals, wiring sets, chemicals and bananas. Total imports reached USD 92.3 billion in the first seven months of 2026, while exports rose 12.9% to USD 54.9 billion.