Philippine imports climbed by 21.9% year-on-year to USD 13.4 billion in May 2026, following an upwardly revised 27.3% rise in the previous month. The increase was largely driven by a 93.3% jump in electronic products, mainly semiconductor components (+125.8%), followed by electronic data processing (+43.8%) and communication/radar (+42.9%). Inbound shipments also rose sharply for mineral fuels, lubricants and related materials (+35.6%) and telecommunication equipment and electrical machinery (+21.2%), partially offset by declines in transport equipment (-24.3%) and iron and steel (-14.5%). Among the country’s largest trading partners, China remained the top supplier, accounting for 29.4% of total imports, with purchases rising 31.9%. Arrivals also surged from South Korea (+153.9%), Malaysia (84.2%), and Singapore (+20.2%). For the first five months of the year, total imports grew by 16.2% to USD 63.1 billion. source: Philippine Statistics Authority
Imports in Philippines decreased to 13355265.71 USD Thousand in May from 13703883.72 USD Thousand in April of 2026. Imports in Philippines averaged 2864761.71 USD Thousand from 1957 until 2026, reaching an all time high of 13703883.72 USD Thousand in April of 2026 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 July of 2026.
Imports in Philippines decreased to 13355265.71 USD Thousand in May from 13703883.72 USD Thousand in April of 2026. Imports in Philippines is expected to be 11900000.00 USD Thousand by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Philippines Imports is projected to trend around 12100000.00 USD Thousand in 2027, according to our econometric models.