Imports to the Philippines declined 1.9 percent year-on-year to USD 9.01 billion in April 2019, after a 7.8 percent growth in March. It was the first fall in inbound shipments in four months, as purchases went down for transport equipment (-27.7%), plastics in primary and non-primary forms (-14.2%), iron and steel (-14.2%), and industrial machinery and equipment (-10.6%). Conversely, imports rose for mineral fuels, lubricants and related materials (36.5%); cereals and cereal preparations (34.7%); miscellaneous manufactured articles (11%); and electronic products (2%). Among major trading partners, purchases shrank from Japan (-15.9%), South Korea (-27.1%), the US (-3%), Indonesia (-8.5%), Thailand (-22.2%), and the EU countries (-1.7%). Meanwhile, imports from China, the Philippines's largest supplier of imported goods, surged 17 percent. Also, purchases advanced from Singapore (14%), Vietnam (61.5%), Hong Kong (5.4%), India (18.5%), and the ASEAN countries (0.6%). Imports in Philippines averaged 2018883.22 USD Thousand from 1957 until 2019, reaching an all time high of 10724291.25 USD Thousand in October of 2018 and a record low of 37084.30 USD Thousand in February of 1963.

Imports in Philippines is expected to be 9380000.00 USD Thousand by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Imports in Philippines to stand at 8450000.00 in 12 months time. In the long-term, the Philippines Imports is projected to trend around 9020000.00 USD Thousand in 2020, according to our econometric models.

Philippines Imports
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Calendar GMT Actual Previous Consensus TEForecast
2019-01-10 01:00 AM Imports YoY 6.8% 21.4%
2019-03-12 01:00 AM Imports YoY 5.8% -9.0%
2019-04-11 01:00 AM Imports YoY 2.6% 3.6%
2019-06-11 01:00 AM Imports YoY -1.9% 7.8%
2019-07-10 01:00 AM Imports YoY -1.9%
2019-09-10 01:00 AM Imports YoY
2019-10-10 01:00 AM Imports YoY


Philippines Trade Last Previous Highest Lowest Unit
Balance of Trade -3499023.95 -3100075.36 1144700.00 -4415446.66 USD Thousand [+]
Current Account -435.05 239.06 1810.97 -1455.03 USD Million [+]
Current Account to GDP -2.40 -0.70 5.80 -7.70 percent [+]
Imports 9005267.56 9013938.38 10724291.25 37084.30 USD Thousand [+]
Exports 5506243.61 5913863.02 6308844.59 23000.00 USD Thousand [+]
External Debt 78959.57 73097.87 79949.42 20893.00 USD Million [+]
Capital Flows 2.84 4.85 93.66 -35.31 USD Million [+]
Remittances 2514000.00 2300796.70 2849065.80 64208.00 USD Thousand [+]
Tourist Arrivals 687726.00 559057.00 732506.00 63628.00 [+]
Gold Reserves 197.90 197.90 274.42 126.89 Tonnes [+]
Terrorism Index 7.18 7.13 7.27 5.78 [+]
Foreign Direct Investment 586.00 746.00 2256.00 -396.00 USD Million [+]
Crude Oil Production 14.00 14.00 38.00 1.00 BBL/D/1K [+]

Exports by Country  |   Exports by Category  |   Imports by Country  |   Imports by Category



Philippines Imports

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). This page provides the latest reported value for - Philippines Imports - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Philippines Imports - actual data, historical chart and calendar of releases - was last updated on June of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
9005267.56 9013938.38 10724291.25 37084.30 1957 - 2019 USD Thousand Monthly




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