Imports to the Philippines increased by 2.6 percent year-on-year to USD 7.97 billion in February 2019 from a downwardly revised 3.6 percent rise in January. Purchases rose for transport equipment (30 pct); cereals and cereal preparations (28.4 pct); mineral fuels, lubricants and related materials (15.5 pct); other food and live animal (9.6 pct); and telecommunication equipment, and electrical machinery (7.6 pct). On the other hand, imports fell for iron and steel (-16.6 pct); miscellaneous manufactured articles (-10.4 pct); industrial machinery and equipment (-7.1 pct); electronic products (-4.1 pct); and plastics in primary and non-primary form (-1.3 pct). Purchases from China, the Philippines's biggest supplier of imported goods, rose 6 percent, followed by Japan (7.2 pct), the ASEAN countries (1.7 pct), and the EU (49.3 pct). By contrast, imports fell from South Korea (-13.8 pct), Thailand (-11.7 pct), and the US (-4.6 pct). Imports in Philippines averaged 2000141.35 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 8780000.00 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 9300000.00 in 12 months time. In the long-term, the Philippines Imports is projected to trend around 9580000.00 USD Thousand in 2020, according to our econometric models.

Philippines Imports
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Calendar GMT Actual Previous Consensus TEForecast
2018-12-11 01:00 AM Imports YoY 21.4% 26.1%
2019-01-10 01:00 AM Imports YoY 6.8% 21.4%
2019-03-12 01:00 AM Imports YoY 5.8% -9.0%
2019-04-11 01:00 AM Imports YoY 2.6% 3.6%
2019-06-11 01:00 AM Imports YoY
2019-07-10 01:00 AM Imports YoY
2019-09-10 01:00 AM Imports YoY


Philippines Trade Last Previous Highest Lowest Unit
Balance of Trade -2788141.78 -3920097.59 1144700.00 -4415446.66 USD Thousand [+]
Current Account -201.15 -987.57 1810.97 -1455.03 USD Million [+]
Current Account to GDP -2.40 -0.70 5.80 -7.70 percent [+]
Imports 7965589.84 9199082.26 10724291.25 37084.30 USD Thousand [+]
Exports 5177448.06 5278984.67 6308844.59 23000.00 USD Thousand [+]
External Debt 78959.57 73097.87 79949.42 20893.00 USD Million [+]
Capital Flows 8.12 6.34 93.66 -35.31 USD Million [+]
Remittances 2300796.70 2483616.40 2849065.80 64208.00 USD Thousand [+]
Tourist Arrivals 687726.00 559057.00 732506.00 63628.00 [+]
Gold Reserves 197.90 197.90 274.42 126.89 Tonnes [+]
Terrorism Index 7.18 7.13 7.27 5.78 [+]
Foreign Direct Investment 610.00 677.00 2256.00 -396.00 USD Million [+]
Crude Oil Production 14.00 14.00 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 April of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
7965589.84 9199082.26 10724291.25 37084.30 1957 - 2019 USD Thousand Monthly




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