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.