Imports to the Philippines grew by 24.8% yoy to a 36-month high of USD 10.67 billion in September 2021, after a marginally revised 30.9% gain in the previous month, amid robust domestic demand following an acceleration in COVID-19 vaccinations. Arrivals rose for all commodity groups: mineral fuels, lubricants, and related materials (117.4%), medicinal and pharmaceutical products (105.8%), iron & steel (67.1%), transport equipment (20.5%), cereal and cereal preparations (13.9%), miscellaneous manufactured articles (13.2%), electronic products (11.5%), other food and live animals (9.5%) and telecommunication equipment (1.7%). Imports rose from China (9.6%), Japan (28%), South Korea (30.3%), Thailand (33.6%), Indonesia (30.2%), Singapore (9.8%), Taiwan (29.7%, the ASEAN countries (22.4%), and the EU (15.8%). By contrast, purchases fell from both the US (-1.8%) and India (-0.7%). Considering the first nine months of the year, arrivals climbed 30.3% yoy to USD 84.87 billion. source: National Statistics Office of Philippines
Imports in Philippines averaged 2249160.05 USD Thousand from 1957 until 2021, 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 - values, historical data and charts - was last updated on December of 2021.
Imports in Philippines is expected to be 9500000.00 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 8500000.00 USD Thousand in 2022, according to our econometric models.