Imports to the Philippines grew by 24.0% yoy to a 22-month high of USD 9.71 billion in July 2021, after an upwardly revised 43.4% jump in the previous month, as domestic demand recovered further following an acceleration in COVID-19 vaccinations. Arrivals continued to rise for mineral fuels, lubricants, and related materials (84.9%), iron & steel (62.9%), transport equipment (59.7%), medicinal and pharmaceutical products (53.4%), plastics in primary and non-primary forms (34.7%), other food and live animals (28.3%), telecommunication equipment and electrical machinery (18.7%), and electronic products (11.3%). In contrast, purchases of miscellaneous manufactured articles dropped 0.8%. Imports rose from China (22.1%), Japan (10.3%), South Korea (7.8%), Indonesia (7.1%), the US (5.7%), Indonesia (58.9%), Singapore (6.3%), Thailand (5.7%), the ASEAN countries (27.6%), and the EU (5.9%). Considering the first seven months of the year, arrivals climbed 30.2% from the same period of 2020. source: National Statistics Office of Philippines

Imports in Philippines averaged 2249160.05 USD Thousand from 1957 until 2021, 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. 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 - data, historical chart, forecasts and calendar of releases - was last updated on September of 2021.

Imports in Philippines is expected to be 9500000.00 USD Thousand by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Philippines Imports is projected to trend around 8500000.00 USD Thousand in 2022, according to our econometric models.

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Philippines Imports

Actual Previous Highest Lowest Dates Unit Frequency
9711992.68 9331833.57 10724291.25 37084.30 1957 - 2021 USD Thousand Monthly


Calendar GMT Actual Previous Consensus TEForecast
2021-06-09 01:00 AM Apr 140.9% 16.6%
2021-07-09 01:00 AM May 47.7% 152.8%
2021-08-06 01:00 AM Jun 34.2% 55.6%
2021-09-09 01:00 AM Jul 24.0% 43.4%


News Stream
Philippines Imports Hit 22-Month High
Imports to the Philippines grew by 24.0% yoy to a 22-month high of USD 9.71 billion in July 2021, after an upwardly revised 43.4% jump in the previous month, as domestic demand recovered further following an acceleration in COVID-19 vaccinations. Arrivals continued to rise for mineral fuels, lubricants, and related materials (84.9%), iron & steel (62.9%), transport equipment (59.7%), medicinal and pharmaceutical products (53.4%), plastics in primary and non-primary forms (34.7%), other food and live animals (28.3%), telecommunication equipment and electrical machinery (18.7%), and electronic products (11.3%). In contrast, purchases of miscellaneous manufactured articles dropped 0.8%. Imports rose from China (22.1%), Japan (10.3%), South Korea (7.8%), Indonesia (7.1%), the US (5.7%), Indonesia (58.9%), Singapore (6.3%), Thailand (5.7%), the ASEAN countries (27.6%), and the EU (5.9%). Considering the first seven months of the year, arrivals climbed 30.2% from the same period of 2020.
2021-09-09
Philippines Imports Extend Double Digit Growth
Imports to the Philippines grew by 34.2% yoy to USD 9.33 billion in June 2021, after an upwardly revised 55.6% jump in the previous month, amid as domestic demand continued to recover following an easing of COVID-19 restrictions. Sales continued to rise for mineral fuels, lubricants, and related materials (131.8%), transport equipment (129.5%iron and steel (120.4%), plastics in primary and non-primary forms (58.1%), telecommunication equipment and electrical machinery (29.2%), other food and live animals (28.3%), and miscellaneous manufactured articles (25.6%). Purchases rose from China (37.9%), Japan (49%), Souh Korea (31.7%), the US (4.5%), Indonesia (58.9%), Singapore (9.9%), Thailand (33.2%), the ASEAN countries (33.4%), and the EU (29.7%). Considering the first six months of the year, arrivals gained 20.8% from the same period of 2020.
2021-08-06
Philippines Import Growth Eases in May
Imports to the Philippines rose 47.7 percent year-on-year to USD 8.65 billion in May 2021, easing sharply from an upwardly revised 152.8 percent growth in the previous month, amid moderating domestic demand following COVID-19 restrictions. Sales were mainly higher for mineral fuels, lubricants, and related materials (301.6 percent), iron and steel (111.3 percent), miscellaneous manufactured articles (80.4 percent), and transport equipment (66.7 percent). By contrast, purchases of cereals and cereal preparations plunged by 30.8 percent. Purchases rose from China (75.6 percent), Japan (58.2 percent), the US (8.1 percent), Indonesia (87.6 percent), Thailand (127.4 percent), the EU (3.6 percent), and the ASEAN countries (75.0 percent). On the other hand, imports from South Korea fell 7.2 percent. Considering the first five months of the year, arrivals gained 27.6% from the same period of 2020.
2021-07-09
Philippines Imports Grow the Most in Over 10 Years
Imports to the Philippines jumped 140.9 percent year-on-year to USD 8.45 billion in April 2021. This marked the fastest growth in inbound shipments in more than a decade, amid an acceleration in domestic demand in the aftermath of the coronavirus shocks. Purchases of transport equipment jumped by 547.4%, followed by mineral fuels, lubricants, and related materials (387.9%), and other food and live animals (283.1%). Considering the first four months of the year, arrivals gained 21.9% from the same period of 2020.
2021-06-09

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).

United Nations Comtrade Database
Exports by Country  |   Exports by Category  |   Imports by Country  |   Imports by Category