AUTOMOTIVE giant Toyota Motor Philippines Corp. (TMP) accounted for P23.66 billion in customs duties and taxes collected by the Bureau of Customs-Port of Batangas (BOC-POB) from January to July, making it the district’s largest import revenue contributor during the period.
The remittances represented 16.4 percent of the port’s total revenue collection for the first seven months of the year, according to BOC-POB data.
TMP’s contribution came as the company reported weaker financial results, with net income falling to P8.4 billion as revenues declined 15 percent to P115.4 billion.
‘While TMP’s remittances for the period eased compared to the same period last year, it reflects broader macroeconomic headwinds and demand softening stemming from the energy crisis experienced during the first seven months of 2026,’ the company said in a statement.
The vehicle manufacturer said it remained the primary revenue contributor to the Port of Batangas despite ‘market adjustments.’
Its import and trade operations are supported by the Batangas Vehicle Center, located near the port, as well as its status as an Authorized Economic Operator Level 2-certified company. The Port of Batangas recorded the highest collection among the BOC’s 17 collection districts from January to July, according to BOC-POB District Collector Carmelita Talusan.
The port’s performance formed part of a broader increase in customs collections during the period. In July alone, the BOC collected P95.848 billion, 12.5 percent higher than the P85.180 billion recorded a year earlier and 5.2 percent above its P91.070-billion target.
The Port of Batangas collected P23.290 billion in July, the highest among the BOC’s 17 districts and the largest single-month collection in its 69-year history.
TMP’s remittance for the first seven months of the year was equivalent to roughly one-sixth of the port’s total collections during the period.