Imports to the Philippines grew by 27.7% yoy in March 2022, softening from an upwardly revised 28.6% jump in the prior month. Still, the latest print was the 14th straight month of growth in arrivals and the 11th consecutive month of double-digit growth, as domestic demand stayed robust on improving COVID-19 situation. Arrivals gained for all commodities: medicinal and pharmaceuticals (152.5%), mineral fuels, lubricants (148.0%), cereal and cereal preparations (35.9%), transport equipment (22.9%), miscellaneous manufactured articles (20.3%), iron & steel (13.7%), electronic products (7.6%), industrial machinery (6.1%), other food and live animals (5.9%), and telecommunication (2.6%). Imports went up from Japan (30.1%), South Korea (77.7%), Indonesia (41.6%), the US (37.2%), Singapore (9%), Thailand (5.4%), Taiwan (32.5%), Vietnam (16%), Hong Kong (12.7%), the ASEAN countries (21.1%), and the EU (12.7%). On the flip side, imports fell from both China (-3.7%) and India (-11.8%). source: Philippine Statistics Authority
Imports YoY in Philippines averaged 10.77 percent from 1958 until 2022, reaching an all time high of 147.50 percent in July of 1974 and a record low of -62.90 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 2022.