Outbound shipments fell to Japan (-3. percent), Hong Kong (-15.8 percent), and Singapore (-6.9 percent). Conversely, sales advanced to the US (8.4 percent), China (2.3 percent), and the ASEAN countries (10 percent).
Imports increased 5.8 percent to USD 9.03 billion in January, swinging from a downwardly revised 9.0 percent fall in December. Purchases rose for: cereals and cereal preparations (82.5 percent), transport equipment (33.6 percent), miscellaneous manufactured articles (15.8 percent), plastics in primary and non-primary form (11.1 percent), telecommunication equipment and electrical machinery (7.3 percent), other food and live animals (5.6 percent), industrial machinery and equipment (4.6 percent), and electronic products (4.1 percent). On the other hand, imports fell for: iron and steel (-8.7 percent); and mineral fuels, lubricants and related materials (-9.9 percent).
Inbound shipments from China, the Philippines's biggest supplier of imports, jumped 24.5 percent. In addition, imports rose from Thailand (11.7 percent), the ASEAN countries (8 percent), and the EU countries (22 percent). In contrast, imports fell from South Korea (-12.3 percent), Japan (-6.2 percent), and the US (-7.3 percent).