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The Bureau of Customs collected P406.4 billion in the first five months of the year, exceeding its target by 2.3% despite prevailing global trade and market challenges
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The agency attributed its positive performance primarily to improved valuation and enhanced revenue collection measures, which helped offset the impact of lower import volumes during the period
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BOC in May 2026 alone collected P80.7 billion, missing the monthly target by 2.1% largely due to reduced import volumes of oil and non-oil commodities as well as the implementation of Executive Order No. 114 series of 2026, which temporarily suspended excise taxes on selected petroleum products
The Bureau of Customs (BOC) collected P406.365 billion in the first five months of the year, exceeding its target of P397.050 billion by 2.3% despite prevailing global trade and market challenges.
The collection for January to May 2026 was also 6.5% higher than in the same period last year, BOC said in a statement.
“The more than P9 billion surplus recorded is proof that if we help each other and do our work right, we can have a significant contribution to the our country’s growth,” Customs commissioner Ariel Nepomuceno said in Filipino, emphasizing that every peso collected by BOC helps fund essential government programs and services that directly benefit the Filipino people.
READ: BOC surpasses March collection target by 1.4%
The agency attributed its positive performance primarily to improved valuation and enhanced revenue collection measures, which helped offset the impact of lower import volumes during the period.
In May 2026 alone, BOC collected P80.664 billion, falling slightly short of its target by P1.726 billion, or 2.1%. BOC said this was largely due to reduced import volumes of oil and non-oil commodities as well as the implementation of Executive Order No. 114 series of 2026, which temporarily suspended excise taxes on selected petroleum products. Despite this, BOC said it still recorded an increase of P5.007 billion or 6.62% up from P75.657 billion in May 2025.
BOC said it remains committed to sustaining its revenue collection momentum through enhanced trade facilitation, digital transformation initiatives, strengthened border control measures, and continued efforts to improve operational efficiency in support of the government’s fiscal objectives.
The Development Budget Coordination Committee has set a P1.003 trillion revenue collection target for BOC this year, higher than the P916.7 billion target and the P934.4 billion actual collection in 2025.
READ: PH government targets P1T revenue from BOC this year
