Philippine Imports Rise the Most Since 2022

2026-05-29 01:15 By Joshua Ferrer 1 min. read

Philippine imports climbed by 22.4% year-on-year to USD 13.2 billion in April 2026, accelerating from an upwardly revised 17% rise in the previous month.

This marked the strongest growth in imports since August 2022, largely driven by a 78.2% surge in electronic products, mainly semiconductor components (+104.6%), followed by medical/industrial instrumentation (+38.4%), control and instrumentation (+36.2%), and communication/radar (+30.7%).

Arrivals also rose sharply for mineral fuels, lubricants and related materials (+105.6%), partially offset by declines in transport equipment (-41%) and cereals and cereal preparations (-15.9%).

Among the country’s largest trading partners, China remained the top supplier, accounting for 28.8% of total imports, with purchases rising 25.1%.

Inbound shipments also increased from South Korea (+11.6%), Japan (+8.2%), Malaysia (+5%), and Indonesia (+6.7%).

For the January -April period, total imports grew by 13.5% to USD 49.2 billion.



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Philippine Imports Rise the Most Since 2022
Philippine imports climbed by 22.4% year-on-year to USD 13.2 billion in April 2026, accelerating from an upwardly revised 17% rise in the previous month. This marked the strongest growth in imports since August 2022, largely driven by a 78.2% surge in electronic products, mainly semiconductor components (+104.6%), followed by medical/industrial instrumentation (+38.4%), control and instrumentation (+36.2%), and communication/radar (+30.7%). Arrivals also rose sharply for mineral fuels, lubricants and related materials (+105.6%), partially offset by declines in transport equipment (-41%) and cereals and cereal preparations (-15.9%). Among the country’s largest trading partners, China remained the top supplier, accounting for 28.8% of total imports, with purchases rising 25.1%. Inbound shipments also increased from South Korea (+11.6%), Japan (+8.2%), Malaysia (+5%), and Indonesia (+6.7%). For the January -April period, total imports grew by 13.5% to USD 49.2 billion.
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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.
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