FX.co ★ Philippine Export Growth Cools Sharply to 10.8% in July, Easing From June Surge

Philippine export growth decelerated markedly in July 2026, with overseas shipments rising 10.8% year-over-year, down from a robust 24.1% expansion recorded in June 2026. The latest data, updated on 28 August 2026, indicate that while exports are still growing compared with a year earlier, the pace has slowed significantly.

Both the June and July figures are measured on a year-over-year basis, comparing each month’s export performance with the same month a year prior. The sharp moderation from June’s surge suggests that some of the earlier momentum in external demand has eased, even as export activity remains on an upward trajectory relative to last year. Policymakers and market participants are likely to watch upcoming releases closely to see whether July’s pullback proves temporary or signals a broader cooling in export growth.