Philippine imports rose by 12.3% year-on-year to a record high of USD 12.7 billion in March 2026, following a 16.6% growth in the previous month. The increase was largely driven by a sharp 44.2% rise in imports of electronic products, particularly semiconductor components (+61%), communication/radar (+30.5%), and medical/industrial instrumentation (+23.9%). Arrivals also increased for mineral fuels, lubricants and related materials (+35.1%) and cereals and cereal preparations (+33.6%), partially offset by declines in transport equipment (-16.3%), industrial machinery and equipment (-9.9%), and iron and steel (-16.2%). Among the country’s largest trading partners, China remained the top supplier, accounting for 28.5% of total imports, with imports rising 9.3%. Imports also increased from South Korea (+89.3%), the US (+25.8%), Malaysia (+33.4%), and Singapore (+23.9%). For January–March, total imports increased 8.9% to USD 35.5 billion. source: Philippine Statistics Authority

Imports YoY in Philippines decreased to 12.30 percent in March from 12.60 percent in February of 2026. Imports YoY in Philippines averaged 10.39 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 May of 2026.



Calendar GMT Reference Actual Previous Consensus TEForecast
2026-03-27 01:00 AM
Imports YoY
Feb 12.6% -1%
2026-04-30 01:00 AM
Imports YoY
Mar 12.3% 16.6%
2026-05-29 01:00 AM
Imports YoY
Apr 12.3%


Related Last Previous Unit Reference
Balance of Trade -4511803.59 -4014896.13 USD Thousand Mar 2026
Capital Flows 9.23 8.19 USD Million Dec 2025
Current Account -379.13 -884.49 USD Million Dec 2025
Current Account to GDP -3.30 -4.00 percent of GDP Dec 2025
Exports 8167167.44 7389311.43 USD Thousand Mar 2026
Exports by Category
Exports by Country
Exports YoY 20.40 8.00 percent Mar 2026
External Debt 147650.80 137628.30 USD Million Dec 2025
Foreign Direct Investment 443.00 560.00 USD Million Jan 2026
Gold Reserves 133.51 133.12 Tonnes Mar 2026
Imports 12678971.03 11404207.56 USD Thousand Mar 2026
Imports by Category
Imports by Country
Imports YoY 12.30 12.60 percent Mar 2026
Cash Remittances 2785899.81 3020361.09 USD Thousand Feb 2026
Terrorism Index 4.72 5.17 Points Dec 2025
Tourist Arrivals 514000.00 647000.00 Feb 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
12.30 12.60 153.00 -63.00 1958 - 2026 percent Monthly

News Stream
Philippine Imports at Historic High
Philippine imports rose by 12.3% year-on-year to a record high of USD 12.7 billion in March 2026, following a 16.6% growth in the previous month. The increase was largely driven by a sharp 44.2% rise in imports of electronic products, particularly semiconductor components (+61%), communication/radar (+30.5%), and medical/industrial instrumentation (+23.9%). Arrivals also increased for mineral fuels, lubricants and related materials (+35.1%) and cereals and cereal preparations (+33.6%), partially offset by declines in transport equipment (-16.3%), industrial machinery and equipment (-9.9%), and iron and steel (-16.2%). Among the country’s largest trading partners, China remained the top supplier, accounting for 28.5% of total imports, with imports rising 9.3%. Imports also increased from South Korea (+89.3%), the US (+25.8%), Malaysia (+33.4%), and Singapore (+23.9%). For January–March, total imports increased 8.9% to USD 35.5 billion.
2026-04-30
Philippine Imports Rise the Most in 8 Months
Philippine imports grew by 12.6% year-on-year to USD 11 billion in February 2026, rebounding sharply from a downwardly revised 1% fall in the previous month. This also marked the sharpest rise in imports since June last year, driven by higher purchases of electronic products (39.3%), particularly medical/industrial instrumentation (58.6%), communication/radar (49.7%), and semiconductors (44.6%). Arrivals also increased for telecommunication equipment and electrical machinery (58.6%), metal products (32.2%), and miscellaneous manufactured articles (23.6%). Among the country’s largest trading partners, China remained the top supplier, accounting for 28.8% of total imports, with imports rising 24%. Inbound shipments also climbed from South Korea (99%), Taiwan (23.6%), and Singapore (11.3%). For the first two months of the year, imports grew by 5.3% to USD 22.4 billion compared to the same period a year ago.
2026-03-27
Philippine Imports Fall the Most in 14 Months
Philippine imports fell by 3.1% year-on-year to USD 11.1 billion in January 2026, slipping from an upwardly revised six-month high of 12.2% growth in the previous month. This marked the steepest decline since November 2024, mainly due to lower purchases of mineral fuels, lubricants and related materials (-25%), industrial machinery and equipment (-12.2%), and iron and steel (-19.7%). Conversely, arrivals rose for electronic products (18.6%), particularly medical/industrial instrumentation and semiconductors. Inbound shipments also increased for cereals and cereal preparation (20%) and metal products (17.6%). Among the country’s largest trading partners, China remained the top supplier, accounting for 29.2% of total imports, though arrivals fell by 1.7% from a year earlier. Imports also declined across nearly all key partners, particularly from Indonesia (-11.5%), Thailand (-14.4%), and Singapore (-14%)
2026-02-27


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