Exports jump to record high, keep trade deficit at 4-month low

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MANILA, Philippines — Philippine exports jumped 24.1 percent to an all-time high of $8.8 billion, driven by robust demand for semiconductors as countries and companies ramped up investments in artificial intelligence.

Shipments of semiconductors—the Philippines’ biggest export—rose 33.4 percent to $3.8 billion, while exports to the United States, the country’s largest overseas market, climbed 44.7 percent to $1.8 billion.

READ: US slaps Philippine exports with new 12.5% tariff

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