ECCP’s Q1 2025 Economic Data Report Highlights Growth Trends

16 Apr, 2025 by Cherry Pascual

As a proud and active member of the European Chamber of Commerce of the Philippines (ECCP), Royal Cargo is dedicated to closely observing the economic trends that influence businesses and supply chains. The recently released Q1 2025 Economic Quarterly Data Report by ECCP offers insightful perspectives on the Philippine economy, highlighting essential facets such as GDP growth, inflation rates, and significant trade and investment trends.

✅ KEY HIGHLIGHTS:

Steady GDP Growth: The Philippines grew 5.6% in 2024, primarily driven by key sectors such as construction, financial services, and trade, which positively impact supply chain dynamics.
Easing Inflation: Averaging 2.2% in Q1 2025, which supports stable freight, warehousing, and distribution costs.
Trade Trends:
- Exports: Total export growth for goods and services surged to 3.4% for 2024. February 2025 saw leading export categories, including Electronic Products ($3.5 billion), Other Manufactured Goods ($412.6 million), and Machinery/Transport Equipment ($254.6 million).
- Imports: Full-year 2024 import growth stood at 4.3%. The fourth quarter of 2023 witnessed a notable recovery in goods imports (+3.1%), particularly in key commodities like medical and pharmaceutical products, which are critical to Royal Cargo’s verticals.
Foreign Investments: The Netherlands has led European foreign direct investment (FDI) in the Philippines, contributing PHP 9.2 billion, followed closely by Switzerland and the UK. This trend underscores sustained European confidence in local infrastructure and services.

📊 See the ECCP Q1 2025 Economic Quarterly Data Report below:

ECCP Q1 2025 Economic Quarterly Data Report

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ECCP’s Q1 2025 Economic Data Report Highlights Growth Trends

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