Imports to the Philippines declined by 24.5% yoy to USD 6.63 billion in June 2020, following a 40.6% slump in May. Purchases fell for transport equipment (-70.5%); mineral fuels, lubricants and related materials (-56.9%); iron & steel (-40.9%); miscellaneous manufactured articles (-29.4%); industrial machinery (-23.1%); and electronic products (-14.6%). By contrast, imports grew for cereals and cereal preparations (41.3%); other food and live animals (13.6%); and organic and inorganic chemicals (6.8%). Imports from all major countries fell: China (-21.2%), Hong Kong (-19.7%), Japan (-33.7%), South Korea (-29.5%), Malaysia (-34.9%), the US (-12.2%), Taiwan (-2.5%), Singapore (-7.3%), the ASEAN countries (-24.8%), and the EU (-30.2%).

Imports in Philippines averaged 2133340.41 USD Thousand from 1957 until 2020, reaching an all time high of 10724291.25 USD Thousand in October of 2018 and a record low of 37084.30 USD Thousand in February of 1963. This page provides the latest reported value for - Philippines Imports - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Philippines Imports - data, historical chart, forecasts and calendar of releases - was last updated on August of 2020. source: National Statistics Office of Philippines

Imports in Philippines is expected to be 630000.00 USD Thousand by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Imports in Philippines to stand at 855000.00 in 12 months time. In the long-term, the Philippines Imports is projected to trend around 9020000.00 USD Thousand in 2021 and 9320000.00 USD Thousand in 2022, according to our econometric models.

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Philippines Imports

Actual Previous Highest Lowest Dates Unit Frequency
6634510.00 5854950.00 10724291.25 37084.30 1957 - 2020 USD Thousand Monthly


Calendar GMT Actual Previous Consensus TEForecast
2020-05-06 01:00 AM Mar -26.2% -11.62%
2020-06-10 01:00 AM Apr -65.3% -26.2%
2020-07-10 01:00 AM May -40.6% -65.3%
2020-08-05 01:00 AM Jun -24.5% -40.6%


News Stream
Philippines Imports Fall at Slower Pace
Imports to the Philippines declined by 24.5% yoy to USD 6.63 billion in June 2020, following a 40.6% slump in May. Purchases fell for transport equipment (-70.5%); mineral fuels, lubricants and related materials (-56.9%); iron & steel (-40.9%); miscellaneous manufactured articles (-29.4%); industrial machinery (-23.1%); and electronic products (-14.6%). By contrast, imports grew for cereals and cereal preparations (41.3%); other food and live animals (13.6%); and organic and inorganic chemicals (6.8%). Imports from all major countries fell: China (-21.2%), Hong Kong (-19.7%), Japan (-33.7%), South Korea (-29.5%), Malaysia (-34.9%), the US (-12.2%), Taiwan (-2.5%), Singapore (-7.3%), the ASEAN countries (-24.8%), and the EU (-30.2%).
2020-08-05
Philippines Imports Shrink 40.6% YoY
Imports to the Philippines plummeted 40.6% yoy to USD 5.85 billion in May 2020, after a 65.3% fall in the previous month. Purchases fell for most major commodities: mineral fuels, lubricants and related materials (-80%), transport equipment (-65.6%); industrial machinery and equipment (-46.8%); electronic products (-27.2%); plastics in primary and non-primary forms (-21.8%); telecommunication equipment and electrical machinery (-14.6%); cereals and cereal preparations (-11.8%); and other food and live animals (-4.2%). By contrast, arrivals of medicinal and pharmaceutical products rose by 23.6%. Imports from all major countries fell: China (-42.9%), Hog Kong (-54.4%), Japan (-44.1%), South Korea (-13%), Malaysia (-62.4%), the US (-30.2%), Taiwan (-10.9%), Singapore (-47.7%), the ASEAN countries (-52.5%), and the EU (-38.6%).
2020-07-10
Philippines Imports Plunge 65.3% YoY
Imports to the Philippines plummeted 65.3% yoy to the lowest figure in 11 years of USD 3.28 billion in April 2020, after a 26.2% fall in the previous month. Purchases fell for all major commodities: transport equipment (-89.8%); mineral fuels, lubricants (-87.4%); miscellaneous manufactured articles (-75.5%);other food and live animals (-71.5%); telecommunication equioments (-56%); iron & steel (-48.5%); electronic products (-46%); power generating and specialized machinery (-43%); and pharmaceutical products (-37.9%). Imports from all major countries fell: China (-67.5%), Homg Kong (-67.5%), Japan (-60.1%), South Korea (-59.8%), Malaysia (-77.4%), the US (-58.4%), Taiwan (-29.2%), Singapore (-66.4%), the ASEAN countries (-70.5%), and the EU (-59.7%).
2020-06-10
Philippines Imports Slump 26.2% YoY
Imports to the Philippines plummeted 26.2% yoy to USD 6.91 billion in March 2020, after a 11.62% fall in the previous month. Purchases fell for all major commodities: industrial machinery (-39.4%), telecommunication equipment (-37.1%), miscellaneous manufactured articles (-32.9%), mineral fuels, lubricants and related materials (-32.2%), plastics in primary and non-primary forms (-24.9%), other food and live animals (-20.5%), electronic products (-19.3%), cereals and cereal preparations (-19.1%), transport equipment (-17.3%), and oron & steel (-14.2%). By country, arrivals shrank from China (-31.4%), Japan (-29.7%), South Korea (-25.2%), the US (-29.5%), Thailand (-20.6%), the ASEAN countries (-20.4%), and the EU (-23.2%). In contrast, imports grew fromTaiwan (3.3%), Malaysia (0.5%), and Russia (18%).
2020-05-06

Philippines Imports
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).

United Nations Comtrade Database
Exports by Country  |   Exports by Category  |   Imports by Country  |   Imports by Category