Imports to the Philippines fell by 16.5 percent year-on-year to USD 7.92 billion in September 2020, following a downwardly revised 21.3 percent slump a month earlier, amid weakening domestic demand due to the ongoing COVID-19 crisis. Purchases declined for transport equipment (-53%), mineral fuels, lubricants and related materials (-51.4%), industrial machinery & equipment (-23.3%), miscellaneous manufactured articles (-23%), iron and steel (-10.7%), and other food & live animals (-4.7%). In contrast, imports rose for both telecommunication equipment and electrical machinery (2.6%) and electronic products (2.4%). Purchases shrank from China (-9.5%), Japan (-20.9%), Hong Kong (-17.4%), South Korea (-1.7%), the US (-10.1%), Indonesia (-6.2%), Singapore (-12.9%), Thailand (-28%), the ASEAN countries (-14.5%), and the EU (-31.3%). By contrast, imports from India rose (2.6%). source: National Statistics Office of Philippines

Imports in Philippines averaged 2140508.90 USD Thousand from 1957 until 2020, 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. 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 - data, historical chart, forecasts and calendar of releases - was last updated on November of 2020.

Imports in Philippines is expected to be 6300000.00 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 8550000.00 in 12 months time. In the long-term, the Philippines Imports is projected to trend around 9020000.00 USD Thousand in 2021 and 9320000.00 USD Thousand in 2022, according to our econometric models.

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Philippines Imports

Actual Previous Highest Lowest Dates Unit Frequency
7924000.00 7204140.00 10724291.25 37084.30 1957 - 2020 USD Thousand Monthly


Calendar GMT Actual Previous Consensus TEForecast
2020-08-05 01:00 AM Jun -24.5% -40.6%
2020-09-10 01:00 AM Jul -24.4% -23.1%
2020-10-09 01:00 AM Aug -22.6% -23.8%
2020-11-04 01:00 AM Sep -16.5% -21.3%
2020-12-10 01:00 AM Oct
2021-01-10 01:00 AM Nov
2021-02-11 01:00 AM Dec
2021-03-10 01:00 AM Jan


News Stream
Philippines Imports Extend Double Digit Falls
Imports to the Philippines fell by 16.5 percent year-on-year to USD 7.92 billion in September 2020, following a downwardly revised 21.3 percent slump a month earlier, amid weakening domestic demand due to the ongoing COVID-19 crisis. Purchases declined for transport equipment (-53%), mineral fuels, lubricants and related materials (-51.4%), industrial machinery & equipment (-23.3%), miscellaneous manufactured articles (-23%), iron and steel (-10.7%), and other food & live animals (-4.7%). In contrast, imports rose for both telecommunication equipment and electrical machinery (2.6%) and electronic products (2.4%). Purchases shrank from China (-9.5%), Japan (-20.9%), Hong Kong (-17.4%), South Korea (-1.7%), the US (-10.1%), Indonesia (-6.2%), Singapore (-12.9%), Thailand (-28%), the ASEAN countries (-14.5%), and the EU (-31.3%). By contrast, imports from India rose (2.6%).
2020-11-04
Philippines Imports Extend Double-Digit Fall
Imports to the Philippines dropped by 22.6 percent year-on-year in August 2020, after a downwardly revised 23.8 percent slump in July, amid weakening domestic demand due to ongoing COVID-19 crisis. Purchases declined for all major commodity groups: transport equipment (-50.5%), cereals and cereal preparations (-2.6%), mineral fuels, lubricants and related materials (-47.7%); iron & steel (-4.1%), industrial machinery (-25.4%), miscellaneous manufactured articles (-28.8%), telecommunication equipment (-22.0%), iron & steel (-4.1%), and electronic products (-4.2%). Imports fell from China (-23.0), Japan (-24.5%), South Korea (-17.6%), the US (-18.3%), Singapore (-8.3%), Indonesia (-28.1%), Thailand (-32.7%), Taiwan (-7.9%), Malaysia (-13.2%), the ASEAN countries (-20.1%), and the EU (-22.0%). By contrast, arrival rose from Vietnam (2.2%).
2020-10-09
Philippines Imports Drop Further
Imports to the Philippines decreased by 24.4 percent year-on-year to USD 7.48 billion in July 2020., following a downwardly revised 23.1 percent fall in June, amid weakening domestic demand due to ongoing COVID-19 crisis. Purchases fell for all major commodity groups: transport equipment (-69.2%), cereals and cereal preparations (-37.8%), mineral fuels, lubricants and related materials (-36.2%); iron & steel (-40.9%), industrial machinery (-32.1%), miscellaneous manufactured articles (-27.7%), telecommunication equipment (-24.3%), iron & steel (-18.8%), and electronic products (-4.9%). Imports fell from China (-18.1%), Japan (-23.3%), South Korea (-26.8%), the US (-23.6%), Singapore (-27.3%), Indonesia (-32.1%), Malaysia (-9.7%), Thailand (-41.8%), Hong Kong (-26.6%), Vietnam (-23.2%), Germany (-51.5%), the ASEAN countries (-28.1%), and the EU (-44.2%). By contrast, arrival rose from both Taiwan (3.9%), and India (3.2%).
2020-09-10
Philippines Imports Fall at Slower Pace
Imports to the Philippines declined by 24.5% yoy to USD 6.63 billion in June 2020, following a 40.6% slump in May. Purchases fell for transport equipment (-70.5%); mineral fuels, lubricants and related materials (-56.9%); iron & steel (-40.9%); miscellaneous manufactured articles (-29.4%); industrial machinery (-23.1%); and electronic products (-14.6%). By contrast, imports grew for cereals and cereal preparations (41.3%); other food and live animals (13.6%); and organic and inorganic chemicals (6.8%). Imports from all major countries fell: China (-21.2%), Hong Kong (-19.7%), Japan (-33.7%), South Korea (-29.5%), Malaysia (-34.9%), the US (-12.2%), Taiwan (-2.5%), Singapore (-7.3%), the ASEAN countries (-24.8%), and the EU (-30.2%).
2020-08-05

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).

United Nations Comtrade Database
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