Imports to Philippines dropped by 4.2 percent from a year earlier to USD 9.57 billion in July 2019, following a 10.4 percent fall in the prior month. This was the fourth consecutive month of yearly decline in inbound shipments, of which iron & steel (-35.8%); mineral fuels, lubricants (-14.5%); transport equipment (-12.0%); telecommunication equipment and electrical machinery (-2.4%); industrial machinery and equipment (-1.5%). By contrast, inbound shipment rose for: miscellaneous manufactured articles (18.9%); other food and live animals (12.3%), cereals & cereal preparations (6.0%); electronic products (1.2%), and plastics in primary and non-primary form (0.5%). Imports in Philippines averaged 2047437.55 USD Thousand from 1957 until 2019, 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.

Imports in Philippines is expected to be 9950000.00 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 8500000.00 in 12 months time. In the long-term, the Philippines Imports is projected to trend around 9020000.00 USD Thousand in 2020, according to our econometric models.

Philippines Imports
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Calendar GMT Actual Previous Consensus TEForecast
2019-06-11 01:00 AM Imports YoY Apr -1.9% 7.8%
2019-07-10 01:00 AM Imports YoY May -5.4% -1.9%
2019-08-07 01:00 AM Imports YoY Jun -10.4% -5.2%
2019-09-10 01:00 AM Imports YoY Jul -4.2% -10.4%
2019-10-10 01:00 AM Imports YoY Aug -4.2%
2019-12-10 01:00 AM Imports YoY Oct


Philippines Trade Last Previous Highest Lowest Unit
Balance of Trade -3393114.68 -2369873.34 1144700.00 -4415446.66 USD Thousand [+]
Current Account 566.76 -190.19 1810.97 -1455.03 USD Million [+]
Current Account to GDP -2.40 -0.70 5.80 -7.70 percent [+]
Imports 9567483.76 8480287.58 10724291.25 37084.30 USD Thousand [+]
Exports 6174369.08 6110414.24 6308844.59 23000.00 USD Thousand [+]
External Debt 78959.57 73097.87 79949.42 20893.00 USD Million [+]
Capital Flows 6.85 4.86 93.66 -35.31 USD Million [+]
Remittances 2289532.10 2609470.90 2849065.80 64208.00 USD Thousand [+]
Tourist Arrivals 719057.00 643780.00 766865.00 63628.00 [+]
Gold Reserves 197.93 197.90 274.42 126.89 Tonnes [+]
Terrorism Index 7.18 7.13 7.27 5.78 [+]
Foreign Direct Investment 430.00 242.00 2256.00 -396.00 USD Million [+]

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 September of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
9567483.76 8480287.58 10724291.25 37084.30 1957 - 2019 USD Thousand Monthly




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