Imports to the Philippines jumped 26.1 percent year-on-year to USD 9.75 billion in September 2018, way faster than an 11 percent rise in August. Purchases grew for cereal and cereal preparations (101.4 percent); iron and steel (49.5 percent); miscellaneous manufactured articles (40.2 percent); transport equipment and electrical machinery (32.3 percent); plastic in primary and non-primary form (31.9 percent); electronic products (29.5 percent); telecommunication equipment and electrical machinery (20.5 percent); mineral fuels and lubricants (19.3 percent); industrial machinery and equipment (17.3 percent); and other food and live animals (15.7 percent). Inbound shipments from China, the Philippine’s biggest source of purchases, soared 38.5 percent. Also, imports went up from South Korea (49.9 percent), Japan (6.9 percent), Indonesia (24.3 percent), Thailand (28.4 percent), the ASEAN countries (27.8 percent) and the EU countries (49 percent). Imports in Philippines averaged 1947051.34 USD Thousand from 1957 until 2018, reaching an all time high of 9753910 USD Thousand in September of 2018 and a record low of 37084.30 USD Thousand in February of 1963.

Philippines Imports
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Calendar GMT Actual Previous Consensus TEForecast
2018-09-11 01:00 AM Imports YoY 31.6% 24.1%
2018-10-10 01:00 AM Imports YoY 11% 31.6%
2018-11-07 01:00 AM Imports YoY 26.1% 11%
2018-12-11 01:00 AM Imports YoY 26.1%


Philippines Trade Last Previous Highest Lowest Unit
Balance of Trade -3927000.00 -3494000.00 1144700.00 -3972222.17 USD Thousand [+]
Exports 5827150.00 6163490.00 6163490.00 23000.00 USD Thousand [+]
Imports 9753910.00 9676980.00 9753910.00 37084.30 USD Thousand [+]
Current Account -823.78 -1171.01 1810.97 -1455.03 USD Million [+]
Current Account to GDP -0.80 -0.40 5.80 -7.70 percent [+]
External Debt 73097.87 76621.97 79949.42 20893.00 USD Million [+]
Capital Flows 0.86 -1.71 93.66 -35.31 USD Million [+]
Remittances 2476000.00 2401000.00 2741425.00 64208.00 USD Thousand [+]
Tourist Arrivals 512240.00 542250.00 732506.00 63628.00 [+]
Gold Reserves 197.90 196.40 274.42 126.89 Tonnes [+]
Terrorism Index 7.13 7.10 7.27 5.78 [+]
Foreign Direct Investment 752.00 914.00 2256.00 -396.00 USD Million [+]
Crude Oil Production 13.00 13.00 38.00 1.00 BBL/D/1K [+]

Exports by Country  |   Exports by Category  |   Imports by Country  |   Imports by Category



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). 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 - actual data, historical chart and calendar of releases - was last updated on November of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
9753910.00 9676980.00 9753910.00 37084.30 1957 - 2018 USD Thousand Monthly




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