Philippines Imports  1957-2017 | Data | Chart | Calendar | Forecast | News

Imports to the Philippines dropped by 3.2 percent year-on-year to USD 6.93 billion in July 2017. It was the second straight month of decline in imports, due to lower purchases of iron and steel (-40.7 percent), electronic products (-21.0 percent), plastics in primary and non-primary forms (-13.8 percent), miscellaneous manufactured articles (-8.3 percent), and industrial machinery and equipment (-5.3 percent). Among major trading partners, imports fell from China (-12.6 percent), Japan (-12.6 percent), the US (-14.2 percent) and Thailand (-3.7 percent). In contrast, purchases from South Korea rose 17.4 percent. Considering the first seven months of 2017, imports increased 7.9 percent to USD 51.23 billion. Imports in Philippines averaged 1811882.89 USD Thousand from 1957 until 2017, reaching an all time high of 8243500.27 USD Thousand in May of 2017 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
2017-07-11 01:00 AM Imports YoY 16.6% -0.1%
2017-08-10 01:00 AM Imports YoY -2.5% 21.9%
2017-09-12 01:00 AM Imports YoY -3.2% -1.3%
2017-10-10 01:00 AM Imports YoY -3.2%
2017-11-10 01:00 AM Imports YoY
2017-12-11 01:00 AM Imports YoY


Philippines Trade Last Previous Highest Lowest Unit
Balance of Trade -1646161.49 -1992000.00 1144700.00 -2736810.16 USD Thousand [+]
Exports 5284625.89 5154000.00 5931591.34 23000.00 USD Thousand [+]
Imports 6930787.37 7146000.00 8243500.27 37084.30 USD Thousand [+]
Current Account 377.00 -633.00 1810.97 -1179.40 USD Million [+]
Current Account to GDP 0.20 2.50 5.80 -7.70 percent [+]
External Debt 76621.97 77474.07 79949.42 20893.00 USD Million [+]
Capital Flows 15.00 10.00 93.66 -35.31 USD Million [+]
Remittances 2283000.00 2467072.50 2615215.90 64208.00 USD Thousand [+]
Tourist Arrivals 474854.00 532757.00 631639.00 63628.00 [+]
Gold Reserves 196.35 196.35 274.42 126.89 Tonnes [+]
Terrorism Index 7.10 7.27 7.27 5.78 [+]
Foreign Direct Investment 18160.60 22883.30 230215.40 3959.10 PHP Million [+]
Crude Oil Production 15.00 15.00 38.00 0.80 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 September of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
6930787.37 7146000.00 8243500.27 37084.30 1957 - 2017 USD Thousand Monthly