world-economy

Philippine Exports Hit Record on Electronics Surge, Peso Weakness

Philippine export volumes reached an all-time high in June, driven by robust demand for electronics and a weaker peso that made shipments more competitive internationally. Technology products led the surge, with high-value electronics commanding strong orders across key markets. Supporting this export growth, air cargo networks reported strength in June. International logistics demand climbed 8.5% year-over-year, bolstered by urgent technology shipments and Middle East network recovery. North American routes also showed solid performance. The weaker peso provided Philippine manufacturers with a pricing advantage in global markets, offsetting some production cost pressures.