Philippine imports surged 25.7% year-on-year to a record USD 15.03 billion in September 2026, following an upwardly revised 20.9% increase in August. This marked the fastest increase since May, largely driven by sharp increases in imports of electronic products (87.4%) and mineral fuels, lubricants and related materials (53.3%). Imports of cereals and cereal preparations (22.8%), telecommunication equipment and electrical machinery (14.2%), and plastics in primary and non-primary forms (13.6%) also went up. Meanwhile, imports dropped for transport equipment (-26.2%), industrial machinery and equipment (-0.1%), and other food and live animals (-14.7%). South Korea was the country’s largest source of imports during the month, accounting for 26.1% of total imports, with purchases from the country soaring 264.2%. Imports from China, which represented 22.3% of the total, fell 0.7%. In the first nine months of 2026, the country's imports rose 20.3% from a year earlier to USD 121.11 billion. source: Philippine Statistics Authority

Imports YoY in Philippines increased to 25.70 percent in September from 20.90 percent in August of 2026. Imports YoY in Philippines averaged 10.51 percent from 1958 until 2026, reaching an all time high of 153.00 percent in April of 2021 and a record low of -63.00 percent in April of 2020. This page includes a chart with historical data for Philippines Imports YoY. Philippines Imports YoY - data, historical chart, forecasts and calendar of releases - was last updated on November of 2026.



Calendar GMT Reference Actual Previous Consensus TEForecast
2026-09-30 01:00 AM
Imports YoY
Aug 16.6% 23%
2026-10-30 01:00 AM
Imports YoY
Sep 25.7% 20.9%
2026-11-27 01:00 AM
Imports YoY
Oct 25.7%


Related Last Previous Unit Reference
Balance of Trade -5154815.16 -4293585.30 USD Thousand Sep 2026
Capital Flows 7.00 6.21 USD Million Jun 2026
Current Account -1483.26 -3264.80 USD Million Jun 2026
Current Account to GDP -3.30 -4.00 percent of GDP Dec 2025
Exports 9874124.84 9141894.07 USD Thousand Sep 2026
Exports by Category
Exports by Country
Exports YoY 35.60 28.30 percent Sep 2026
External Debt 147650.80 137628.30 USD Million Dec 2025
Foreign Direct Investment 690.00 689.00 USD Million Aug 2026
Gold Reserves 133.52 133.52 Tonnes Sep 2026
Imports 15028940.00 13435479.37 USD Thousand Sep 2026
Imports by Category
Imports by Country
Imports YoY 25.70 20.90 percent Sep 2026
Cash Remittances 3034833.78 3240207.77 USD Thousand Aug 2026
Semiconductor Exports 1465.51 2119.30 USD Million Sep 2026
Terrorism Index 4.72 5.17 Points Dec 2025
Tourist Arrivals 478311.00 529444.00 Aug 2026


Philippines Imports YoY
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).
Actual Previous Highest Lowest Dates Unit Frequency
25.70 20.90 153.00 -63.00 1958 - 2026 percent Monthly

News Stream
Philippine Imports Surge 25.7% in September
Philippine imports surged 25.7% year-on-year to a record USD 15.03 billion in September 2026, following an upwardly revised 20.9% increase in August. This marked the fastest increase since May, largely driven by sharp increases in imports of electronic products (87.4%) and mineral fuels, lubricants and related materials (53.3%). Imports of cereals and cereal preparations (22.8%), telecommunication equipment and electrical machinery (14.2%), and plastics in primary and non-primary forms (13.6%) also went up. Meanwhile, imports dropped for transport equipment (-26.2%), industrial machinery and equipment (-0.1%), and other food and live animals (-14.7%). South Korea was the country’s largest source of imports during the month, accounting for 26.1% of total imports, with purchases from the country soaring 264.2%. Imports from China, which represented 22.3% of the total, fell 0.7%. In the first nine months of 2026, the country's imports rose 20.3% from a year earlier to USD 121.11 billion.
2026-10-30
Philippines Import Growth Hits 6-Month Low
Philippine imports rose 16.6% year-on-year to a six-month low of USD 13 billion in August 2026, slowing from an upwardly revised 23% in the previous month. It marked the weakest annual growth since February, as imports declined for industrial and machinery equipment (-7.1%), other food and live animals (-24.2%), miscellaneous manufactured articles (-8.4%), and iron and steel (-27.1%). Meanwhile, imports of electronic products surged 61.4%, driven mainly by components/devices (82.4%) and electronic data processing equipment (13.7%). Import growth was also supported by mineral fuels, lubricants and related materials (38.6%) and transport equipment (0.6%). China remained the Philippines’ largest source of imports, accounting for 22.7% of the total despite falling 11.1%. Imports from South Korea (212.6%), Japan (21.2%), and Indonesia (4.3%) increased. In the first eight months of the year, the country's total imports reached USD 105.6 billion.
2026-09-30
Philippines Imports Growth at 4-Month Low
Philippine imports rose 19.8% year-on-year to USD 14.1 billion in July 2026, easing from an upwardly revised 25% in the previous month. It marked the slowest growth since March, as declines in shipments of transport equipment (-3.8%), industrial machinery and equipment (-3.7%), iron and steel (-8.3%), and other food and live animals (-9.6%) weighed on overall import growth. Meanwhile, imports of electronic products surged 61.3%, led by components and devices (79%) and electronic data processing equipment (32.8%). Import growth was also supported by strong gains in mineral fuels, lubricants, and related materials (34.8%) and cereals and cereal preparations (50.1%). China remained the Philippines’ largest source of imports, accounting for 29.5% of the total, with purchases rising 20.2% from a year earlier. Imports also increased from South Korea (75.7%), Japan (23.1%) and the US (4.2%). In the first seven months of 2026, the country's imports reached USD 92.3 billion.
2026-08-28


International Trade
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