Imports to the Philippines expanded 26.0% yoy to USD 12.48 billion in June 2022, after a downwardly revised 30.2% jump in April. Still, the latest print was the 17th straight month of growth in arrivals and the 14th consecutive month of double-digit rise, amid strong domestic demand as the COVID-19 situation improved further as well as surging commodity prices. Arrivals gained for most commodity groups: mineral fuels, lubricants (125.1%), iron & steel (34.3%), telecommunication equipment and electricals (23.1%), other food & live animals (19.3%), transport equipment (17.0%), electronic products (9.9%), plastics in primary and non-primary forms (5.1%), and industrial machinery (4.9%). By contrast, purchases of cereal and cereal preparations edged down 0.7%. Imports went up from China (4%), Indonesia (101.7%), Japan (24.1%), South Korea (66.9%), the US (5.8%), Thailand (35.6%), and the ASEAN countries (49.3%); while dropped from Hong Kong (-10.1%), India (-6.7%), and the EU (-16.1%). source: Philippine Statistics Authority

Imports YoY in Philippines averaged 10.86 percent from 1958 until 2022, reaching an all time high of 147.50 percent in July of 1974 and a record low of -62.90 percent in April of 2020. This page includes a chart with historical data for Philippines Imports YoY. Philippines Imports YoY - data, historical chart, forecasts and calendar of releases - was last updated on September of 2022.

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Philippines Imports YoY


Philippines Imports YoY
Philippines major imports are: electronic products (25 percent), mineral fuels (21 percent) and transport equipment (10 percent). Philippines's main import partners are: China (13 percent), the United States (11 percent), Japan (8 percent) and Taiwan (8 percent).
Actual Previous Highest Lowest Dates Unit Frequency
26.00 30.20 147.50 -62.90 1958 - 2022 percent Monthly

News Stream
Philippines Import Growth Stays Robust
Imports to the Philippines expanded 26.0% yoy to USD 12.48 billion in June 2022, after a downwardly revised 30.2% jump in April. Still, the latest print was the 17th straight month of growth in arrivals and the 14th consecutive month of double-digit rise, amid strong domestic demand as the COVID-19 situation improved further as well as surging commodity prices. Arrivals gained for most commodity groups: mineral fuels, lubricants (125.1%), iron & steel (34.3%), telecommunication equipment and electricals (23.1%), other food & live animals (19.3%), transport equipment (17.0%), electronic products (9.9%), plastics in primary and non-primary forms (5.1%), and industrial machinery (4.9%). By contrast, purchases of cereal and cereal preparations edged down 0.7%. Imports went up from China (4%), Indonesia (101.7%), Japan (24.1%), South Korea (66.9%), the US (5.8%), Thailand (35.6%), and the ASEAN countries (49.3%); while dropped from Hong Kong (-10.1%), India (-6.7%), and the EU (-16.1%).
2022-08-09
Philippines Import Growth at 5-Month High
Imports to the Philippines jumped 31.4% yoy to USD 11.99 billion in May 2022, after an upwardly revised 29.4% growth in April. The latest print was the 16th straight month of growth in arrivals, and the steepest pace since last December, amid robust domestic demand as COVID-19 situation improved further. Arrivals gained for all commodity groups: mineral fuels, lubricants (128.7%), cereal and cereal preparations (65.7%), iron & steel (64.2%), transport equipment (51.1%), plastics in primary and non-primary forms (17.3%), telecommunication equipment and electrical machinery (13.0%), electronic products (12.7%), industrial machinery (11.4%), miscellaneous manufactured articles (2.4%), and other food and live animals (0.3%). Imports went up from China (3.4%), South Korea (89.4%), Japan (31.5%), Indonesia (50.4%), Taiwan (63.8%), the US (12.2%), Singapore (18.3%), Thailand (20.2%), Malaysia (45.3%), Vietnam (3.2%), the ASEAN countries (35.4%), and the EU (58.0%).
2022-07-12
Philippines Imports Extend Double-Digit Growth for 15th Month
Imports to the Philippines rose by 22.8% yoy to USD 10.90 billion in April 2022, after a marginally revised 27.7% growth in March. The latest print was the 15th straight month of growth in arrivals and the 12th consecutive month of double-digit growth, as domestic demand stayed robust on improving COVID-19 situation. Arrivals gained mineral fuels, lubricants (133.5%), transport equipment (44.2%), cereal and cereal preparations (39.3%), iron & steel (21.9%), plastics in primary and non-primary forms (10.4%), other food and live animals (4.1%), and electronic products (1.7%). On the flip side, purchases shrank for both industrial machinery (-4.6%) and miscellaneous manufactured articles (-2.9%). Imports went up from China (1.0%), South Korea (108.9%), Indonesia (63.2%), Japan (3.0%), Singapore (33.2%), the US (8.7%), Thailand (7.5%), Taiwan (17.9%), the ASEAN countries (31.9%), and the EU (14.0%); while fell from Vietnam (-1.8%), Hong Kong (-16.1%), Germany (-1.5%), and India (-4.4%).
2022-06-09


United Nations Comtrade Database
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