Imports to the Philippines plummeted 26.2% yoy to USD 6.91 billion in March 2020, after a 11.62% fall in the previous month. Purchases fell for all major commodities: industrial machinery (-39.4%), telecommunication equipment (-37.1%), miscellaneous manufactured articles (-32.9%), mineral fuels, lubricants and related materials (-32.2%), plastics in primary and non-primary forms (-24.9%), other food and live animals (-20.5%), electronic products (-19.3%), cereals and cereal preparations (-19.1%), transport equipment (-17.3%), and oron & steel (-14.2%). By country, arrivals shrank from China (-31.4%), Japan (-29.7%), South Korea (-25.2%), the US (-29.5%), Thailand (-20.6%), the ASEAN countries (-20.4%), and the EU (-23.2%). In contrast, imports grew fromTaiwan (3.3%), Malaysia (0.5%), and Russia (18%).

Imports in Philippines averaged 2120992.38 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 May of 2020. source: National Statistics Office of Philippines

Imports in Philippines is expected to be 8500000.00 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 2021, according to our econometric models.

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Philippines Imports

Actual Previous Highest Lowest Dates Unit Frequency
6911070.00 7056867.71 10724291.25 37084.30 1957 - 2020 USD Thousand Monthly


Calendar GMT Actual Previous Consensus TEForecast
2020-02-11 01:00 AM Dec -7.6% -8%
2020-03-10 01:00 AM Jan 1% -8%
2020-04-08 01:00 AM Feb -11.6% -2.8%
2020-05-06 01:00 AM Mar -26.2% -11.62%


News Stream
Philippines Imports Slump 26.2% YoY
Imports to the Philippines plummeted 26.2% yoy to USD 6.91 billion in March 2020, after a 11.62% fall in the previous month. Purchases fell for all major commodities: industrial machinery (-39.4%), telecommunication equipment (-37.1%), miscellaneous manufactured articles (-32.9%), mineral fuels, lubricants and related materials (-32.2%), plastics in primary and non-primary forms (-24.9%), other food and live animals (-20.5%), electronic products (-19.3%), cereals and cereal preparations (-19.1%), transport equipment (-17.3%), and oron & steel (-14.2%). By country, arrivals shrank from China (-31.4%), Japan (-29.7%), South Korea (-25.2%), the US (-29.5%), Thailand (-20.6%), the ASEAN countries (-20.4%), and the EU (-23.2%). In contrast, imports grew fromTaiwan (3.3%), Malaysia (0.5%), and Russia (18%).
2020-05-06
Philippines Imports Slump 11.6% YoY
Imports to the Philippines tumbled 11.6% yoy to USD 7.06 billion in February 2020, after a revised 2.8 percent fall in the previous month. Purchases fell the most for cereals and cereal preparations (-28.2%), followed by industrial machinery and equipment (-24.7%), transport equipment (-17.6%), mineral fuels, lubricants and related materials (-12%), other food and live animals (-9%), iron and steel (-4%), electronic products (-2.4%) and miscellaneous manufactures articles (-0.4%). By country, imports shrank from China (43.8%), Japan (7.1%), Hong Kong (-6.4%), South Korea (-4.6%), Thailand (-5.9%), Malaysia (-13.2%), the ASEAN countries (-0.2%) and the EU (-20%). Conversely, imports rose from the US (16%), Singapore (17.4%), Taiwan (31.6%), and Saudi Arabia (49.23%).
2020-04-08
Philippines Imports Rebound in January
Imports to the Philippines went up 1% yoy to USD 9.29 billion in January 2020, reversing from a revised 8 percent fall in the previous month. Purchases increased for mineral fuels, lubricants and related materials (20.2%), miscellaneous manufactured articles (11.6%), other food and live animals (11%), iron and steel (7.2%), transport equipment (5%), industrial machinery and equipment (2.9%) and telecommunication equipment and electrical machinery (1.7%). By contrast, arrivals dropped for cereals and cereal preparations (-44.7%), plastics in primary and non-primary forms (-4.3%) and electronic products (-0.4%). By country, imports went up from China (16.2%), Japan (1.8%), Indonesia (11.6%), Singapore (22.1%), Taiwan (0.5%), Malaysia (20.2%), and the ASEAN countries (5.2%). Conversely, imports shrank from South Korea (-13.7%), the US (-8.3%), Thailand (-5.2%), Hong Kong (-6.7), and the EU (-1.5%).
2020-03-10
Philippines Imports Drop at Softer Rate
Imports to the Philippines fell by 7.6% yoy to USD 8.22 billion in December 2019, following a 8 percent decline in November. Purchases shrank for iron & steel (-38%), cereals and cereal preparations (-30.8%), industrial machinery and equipment (-21.9%), plastics in primary and non-primary forms (-21.5%), other food and live animals (-11.5%), electronic products (-7.1%) and transport equipment (-1.2%). Conversely, imports grew for telecommunication equipment and electrical machinery (64.2%), miscellaneous manufactured articles (8.1%) and mineral fuels, lubricants and related materials (6.5). By country, purchases declined from Japan (12%), South Korea (17.1%), the US (-12.9%), Thailand (-22%), Taiwan (-5.2%) and the ASEAN countries (-7.3%). In contrast, imports went up from China (3%), Singapore (6.5%), Indonesia (2.7%) and the EU (11.5%).
2020-02-11

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