Imports to the Philippines soared 36.8% yoy to USD 10.98 billion in November 2021 following a 25.1% growth in October. This was the 10th straight month of increase in arrivals and the strongest pace since May, boosted by robust domestic demand ahead of Christmas and holiday season as COVID-19 vaccinations accelerated. Arrivals grew for all commodity groups: medicinal and pharmaceuticals (231.1%), mineral fuels, lubricants (141.2%), cereal and cereal preparations (132.4%), transport equipment (50.9%), industrial machinery (23.4%), other food and live animals (20.1%), miscellaneous manufactured articles (16.3%), electronic products (13.5%), telecommunication equipment (3.7%), and iron & steel (3%). Imports rose from China (6.9%), South Korea (101%), Japan (35.6%), Indonesia (58.4%), Thailand (62.6%), Singapore (45.4%), the US (0.9%), Taiwan (27.6%, the ASEAN countries (49.6%), and the U (35.1%). For the eleven ten months of the year, arrivals climbed 30.4% yoy to USD 106.3 billion. source: Philippine Statistics Authority

Imports YoY in Philippines averaged 10.68 percent from 1958 until 2021, 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 January of 2022.

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Philippines Imports YoY


Calendar GMT Actual Previous Consensus TEForecast
2021-12-10 01:00 AM Oct 25.1% 24.9%
2022-01-11 01:00 AM Nov 36.8% 25.1%
2022-01-27 01:00 AM Dec 36.8%


News Stream
Philippines Import Growth Quickens
Imports to the Philippines soared 36.8% yoy to USD 10.98 billion in November 2021 following a 25.1% growth in October. This was the 10th straight month of increase in arrivals and the strongest pace since May, boosted by robust domestic demand ahead of Christmas and holiday season as COVID-19 vaccinations accelerated. Arrivals grew for all commodity groups: medicinal and pharmaceuticals (231.1%), mineral fuels, lubricants (141.2%), cereal and cereal preparations (132.4%), transport equipment (50.9%), industrial machinery (23.4%), other food and live animals (20.1%), miscellaneous manufactured articles (16.3%), electronic products (13.5%), telecommunication equipment (3.7%), and iron & steel (3%). Imports rose from China (6.9%), South Korea (101%), Japan (35.6%), Indonesia (58.4%), Thailand (62.6%), Singapore (45.4%), the US (0.9%), Taiwan (27.6%, the ASEAN countries (49.6%), and the U (35.1%). For the eleven ten months of the year, arrivals climbed 30.4% yoy to USD 106.3 billion.
2022-01-11
Philippines Imports Grow for 9th Month
Imports to the Philippines expanded 25.1% yoy to USD 10.43 billion in October 2021 following a marginally revised 24.9% growth in September. This was the ninth straight month of increase in arrivals, supported by robust domestic demand as COVID-19 vaccinations accelerated. Arrivals grew for most commodity groups: mineral fuels, lubricants, and related materials (163.7%), medicinal and pharmaceuticals (145.2%), industrial machinery (38.4%), cereal and cereal preparations (35.6%), iron & steel (18.6%), electronic products (12%), miscellaneous manufactured articles (13.2%), and other food and live animals (8.9%). On the other hand, imports mainly fell for telecommunication equipment (-19.3%). Imports rose from China (2.5%), Japan (11.9%), the US (6.7%), South Korea (56.9%), Indonesia (35.5%), Thailand (44.3%), Taiwan (29.7%, Saudi Arabia (435.5%), the ASEAN countries (31.7%), and the U (37.1%). For the first ten months of the year, arrivals climbed 29.7% yoy to USD 95.31 billion.
2021-12-10
Philippines Imports Hit 3-Year High
Imports to the Philippines grew by 24.8% yoy to a 36-month high of USD 10.67 billion in September 2021, after a marginally revised 30.9% gain in the previous month, amid robust domestic demand following an acceleration in COVID-19 vaccinations. Arrivals rose for all commodity groups: mineral fuels, lubricants, and related materials (117.4%), medicinal and pharmaceutical products (105.8%), iron & steel (67.1%), transport equipment (20.5%), cereal and cereal preparations (13.9%), miscellaneous manufactured articles (13.2%), electronic products (11.5%), other food and live animals (9.5%) and telecommunication equipment (1.7%). Imports rose from China (9.6%), Japan (28%), South Korea (30.3%), Thailand (33.6%), Indonesia (30.2%), Singapore (9.8%), Taiwan (29.7%, the ASEAN countries (22.4%), and the EU (15.8%). By contrast, purchases fell from both the US (-1.8%) and India (-0.7%). Considering the first nine months of the year, arrivals climbed 30.3% yoy to USD 84.87 billion.
2021-11-05

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).


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