Imports to the Philippines contracted 8 percent year-on-year to USD 8.94 billion in November 2019, the eight straight month of fall, following a 10.8 percent drop in October. Purchases dropped for mineral fuels, lubricants, related materials (-34.9%), cereals and cereal preparations (-31.1%), iron and steel (-29.8%), electronic products (-5.8%), other food and live animals (-3.7%), plastics in primary and non-primary forms (-3.4%), and industrial machinery and equipment (-3.2%). On the other hand, imports advanced for telecommunication and electrical machinery (24.8%) and miscellaneous manufactured articles (7.8%). Purchases were down from Japan (-2.1%), Thailand (-2.1%), South Korea (-45.7%), Indonesia (-0.2%), Taiwan (-7.6%), Malaysia (-5.3%), and the ASEAN countries (-5.3%). In contrast, imports increased from the US (3.6%), Hong Kong (16.1%), Singapore (5.1%), and the EU (1.4%). In addition, arrivals from China, the Philippines's largest source of imports, rose 13.8%. Imports in Philippines averaged 2084894.75 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. source: National Statistics Office of Philippines

Imports in Philippines is expected to be 9080000.00 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 8940000.00 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.

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Philippines Imports

Actual Previous Highest Lowest Dates Unit Frequency
8938342.63 9567715.99 10724291.25 37084.30 1957 - 2019 USD Thousand Monthly



Calendar GMT Actual Previous Consensus TEForecast
2019-10-10 01:00 AM Aug -11.8% -4.2%
2019-11-06 01:00 AM Sep -10.5% -8.8%
2019-12-10 01:00 AM Oct -10.8% -10.5%
2020-01-10 01:00 AM Nov -8% -10.8%


News Stream
2019-12-10
Philippines Imports Fall for 7th Month
Imports to the Philippines plunged 10.8 percent to USD 9.57 billion in October, the seventh straight month of drop, after a downwardly revised 10.5 percent decrease in September. Purchases contracted for : iron and steel (-31.7%); cereals and cereal preparations (-18.1%); industrial machinery and equipment (-14.6%); mineral fuels, lubricants (-13.3%); electronic products (-11.7%); plastics in primary and non-primary forms (-9.4%); other food and live animals (-5.6%), transport equipment (-3.4%); and miscellaneous manufactured articles (-2,7). Conversely, imports rose for telecommunication equipment and electrical machinery (4.9%). Purchases shrank from Japan (-1.3%), South Korea (-36.7%), the US (-10.1%), Thailand (-1.9%), Indonesia (-14.5%), Taiwan (-9.4%). Also, imports from China, the Philippines's largest supplier of imports, dropped 4.9%. By contrast, arrivals from Singapore increased 7.9%.

2019-11-06
Philippines Imports Drop for 6th Month
Imports to the Philippines declined 10.5 percent to USD 9.02 billion in September 2019, the sixth straight month of drop, after a downwardly revised 8.8 percent fall in August. Purchases contracted for iron & steel (-46.8%); cereals and cereal preparations (-22%); mineral fuels, lubricants (-14.5%); plastics in primary and non-primary forms (-9.4%); transport equipment (-7.8%); electronic products (-7.1%); and industrial machinery and equipment (-1.2%). Conversely, imports rose for telecommunication equipment and electrical machinery (12%), miscellaneous manufactured articles (11%), and other food and live animals (1.6%). Purchases shrank from Japan (-5.5%), South Korea (-37.1%), the US (-3.9%), South Korea (-42.8%), Thailand (-11.7%), Indonesia (-23.4%), Taiwan (-13%), the ASEAN countries (-11.3%), and the EU (-6.8%). In contrast, imports from China, the Philippines's largest supplier of imports, rose 9.4%. Also, arrivals from Singapore increased 2.7%.

2019-10-10
Philippines Imports Fall for 5th Month
Imports to Philippines tumbled 11.8 percent year-on-year to USD 8.66 billion in August 2019, the fifth straight month of decline, after a 4.2 percent fall in the previous month. Purchases shrank for iron & steel (-44.2%); transport equipment (-29.1%); cereals and cereal preparations (-23.4%); mineral fuels, lubricants (-11.9%); plastics in primary and non-primary forms (-8.7%); electronic products (-6%); and other food and live animals (-4.4%). By contrast, inbound shipment rose for miscellaneous manufactured articles (24.9%); and telecommunications equipment and electrical machinery (11.4%). Imports fell from Japan (-6.7%), the US (-14.6%), South Korea (-37.1%), Thailand (-27.8%), the ASEAN countries (-4%), and the EU (-29.2%). Conversely, arrivals grew from China (4.6%) and Singapore (7.1%).

2019-08-07
Philippines Imports Fall for 3rd Month
Imports to the Philippines dropped by 10.4 percent year-on-year to USD 8.48 billion in June 2019, following a downwardly revised 5.2 percent fall in May. This was the third straight month of yearly decline in inbound shipments, as purchases shrank for iron & steel (-40.3%); cereals & cereal preparations (-29.4%); industrial machinery and equipment (-20.7%); transport equipment (-12.6%); telecommunication equipment and electrical machinery (-12.2%); and mineral fuels, lubricants (-7%). In contrast, imports of electronic products rose 1.8%. Purchases from China, the Philippines's largest supplier of imports, contracted 3.8 percent. Also, arrivals fell from Japan (-9.2%), South Korea (-24.3%), the US (-4.2%), Thailand (-26.1%), and the ASEAN countries (-7.4%). Conversely, purchases grew from Hong Kong (10.1%), Malaysia (36.5%), and the EU (3.4%). Regarding January to June 2019, imports fell by 1 percent from the same period the prior year.

2019-07-10
Philippines Import Contraction Accelerates
Imports to the Philippines dropped by 5.4 percent year-on-year to USD 9.43 billion in May 2019, following a 1.9 percent fall in the prior month. This was the second straight month of yearly decline in inbound shipments, as purchases shrank for iron and steel (-25.5%); transport equipment (-19.3%); mineral fuels, lubricants (-17.2%); plastics in primary and non-primary forms (-13.7%); industrial machinery and equipment (-4.8%); and other food and live animals (-3.7%). In contrast, imports grew for cereals and cereal preparations (72.1%); miscellaneous manufactured articles (8.1%); and electronic products (2%). Among major trading partners, arrivals shrank from Japan (-13.6%), South Korea (-24.7%), Taiwan (-24.1%), and Thailand (-8.1%). Conversely, purchases from China, the Philippines's largest supplier of imports, rose 6.4%. Also, imports increased from the US (0.8%), Singapore (22.8%), Indonesia (3.6%), Malaysia (55.7%), the ASEAN countries (16.1%), and the EU (10.5%)

2019-06-11
Philippines Imports Fall 1.9% YoY in April
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%).


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).

Philippines Trade Last Previous Highest Lowest Unit
Balance of Trade -3341861.07 -3240253.49 1144700.00 -4415446.66 USD Thousand [+]
Current Account -81.51 664.11 1810.97 -1409.65 USD Million [+]
Current Account to GDP -2.40 -0.70 5.80 -7.70 percent [+]
Imports 8938342.63 9567715.99 10724291.25 37084.30 USD Thousand [+]
Exports 5596481.56 6327462.51 6327462.51 23000.00 USD Thousand [+]
External Debt 78959.57 73097.87 79949.42 20893.00 USD Million [+]
Capital Flows 5.70 5.70 93.66 -35.31 USD Million [+]
Remittances 2372398.50 2671198.90 2849065.80 64208.00 USD Thousand [+]
Tourist Arrivals 638549.00 606553.00 766865.00 63628.00 [+]
Gold Reserves 197.93 197.93 274.42 126.89 Tonnes [+]
Terrorism Index 7.14 7.18 7.27 5.78 [+]
Foreign Direct Investment 672.00 566.00 2256.00 -396.00 USD Million [+]


United Nations Comtrade Database
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