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.

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Philippines Imports YoY


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
27.70 28.60 147.50 -62.90 1958 - 2022 percent Monthly

News Stream
Philippines Import Rise for 14th Month
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%).
2022-05-06
Philippines Imports Rise for 13th Month
Imports to the Philippines grew by 20.1% yoy to USD 9.69 billion in February 2022 following a 27.5% jump in January. This was the 13th straight month of increase in arrivals but the softest pace since March 2021, as domestic demand continued to grow amid improving COVID-19 situation. Arrivals mainly grew for mineral fuels, lubricants (131.6%), cereal and cereal preparations (83.8%), other food and live animals (23.3%), transport equipment (17.7%), electronic products (8.5%), and plastics in primary and non-primary forms (6.6%). In contrast, purchases shrank for industrial machinery (-9.5%), miscellaneous manufactured articles (-7.6%), telecommunication (-6%), and iron & steel (-4.2%). Imports rose from South Korea (46.0%), Japan (17.7%), Indonesia (25.7%), the US (19.2%), Thailand (18.4%), Taiwan (33.1%), Malaysia (27.4%), Hong Kong (94.3%), the ASEAN countries (8.9%), and the EU (14.5%). On the flip side, imports fell from China (-10.9%), Singapore (-17.5%), and Vietnam (-8.4%).
2022-04-08
Philippines Imports Hit Fresh Record Peak
Imports to the Philippines expanded 27.5% yoy to a new record high of USD 11.55 billion in January 2022 following a 38.3% jump in December. This was the 12th straight month of increase in arrivals, amid solid domestic demand following an acceleration in COVID-19 vaccinations. Arrivals grew for most commodity groups: medicinal and pharmaceuticals (240.9%), mineral fuels, lubricants (97.2%), transport equipment (46.2%), cereal and cereal preparations (38.7%), other food and live animals (27.6%), electronic products (14.5%), industrial machinery (11.5%), miscellaneous manufactured articles (7.4%), and telecommunication (5.9%). By contrast, purchases of iron & steel fell (-4.7%). Imports rose from South Korea (91.2%), Japan (30.2%), Singapore (13%), Indonesia (4.8%), Taiwan (27.6%), Malaysia (12.1%), the ASEAN countries (25.1%), and the EU (6.7%). On the flip side, imports from China were 0.4% lower and those from Vietnam and Hong Kong dropped 1% and 15.5%, respectively.
2022-03-11


United Nations Comtrade Database
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