Imports to the Philippines rose 47.7 percent year-on-year to USD 8.65 billion in May 2021, easing sharply from an upwardly revised 152.8 percent growth in the previous month, amid moderating domestic demand following COVID-19 restrictions. Sales were mainly higher for mineral fuels, lubricants, and related materials (301.6 percent), iron and steel (111.3 percent), miscellaneous manufactured articles (80.4 percent), and transport equipment (66.7 percent). By contrast, purchases of cereals and cereal preparations plunged by 30.8 percent. Purchases rose from China (75.6 percent), Japan (58.2 percent), the US (8.1 percent), Indonesia (87.6 percent), Thailand (127.4 percent), the EU (3.6 percent), and the ASEAN countries (75.0 percent). On the other hand, imports from South Korea fell 7.2 percent. Considering the first five months of the year, arrivals gained 27.6% from the same period of 2020. source: National Statistics Office of Philippines

Imports in Philippines averaged 2217015.61 USD Thousand from 1957 until 2021, 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 July of 2021.

Imports in Philippines is expected to be 8150000.00 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 8500000.00 in 12 months time. In the long-term, the Philippines Imports is projected to trend around 8500000.00 USD Thousand in 2022, according to our econometric models.

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Philippines Imports

Actual Previous Highest Lowest Dates Unit Frequency
8648110.00 8865400.00 10724291.25 37084.30 1957 - 2021 USD Thousand Monthly


Calendar GMT Actual Previous Consensus TEForecast
2021-04-08 01:00 AM Feb 2.7% -12.1%
2021-05-07 01:00 AM Mar 16.6% 8.9%
2021-06-09 01:00 AM Apr 140.9% 16.6%
2021-07-09 01:00 AM May 47.7% 152.8%


News Stream
Philippines Import Growth Eases in May
Imports to the Philippines rose 47.7 percent year-on-year to USD 8.65 billion in May 2021, easing sharply from an upwardly revised 152.8 percent growth in the previous month, amid moderating domestic demand following COVID-19 restrictions. Sales were mainly higher for mineral fuels, lubricants, and related materials (301.6 percent), iron and steel (111.3 percent), miscellaneous manufactured articles (80.4 percent), and transport equipment (66.7 percent). By contrast, purchases of cereals and cereal preparations plunged by 30.8 percent. Purchases rose from China (75.6 percent), Japan (58.2 percent), the US (8.1 percent), Indonesia (87.6 percent), Thailand (127.4 percent), the EU (3.6 percent), and the ASEAN countries (75.0 percent). On the other hand, imports from South Korea fell 7.2 percent. Considering the first five months of the year, arrivals gained 27.6% from the same period of 2020.
2021-07-09
Philippines Imports Grow the Most in Over 10 Years
Imports to the Philippines jumped 140.9 percent year-on-year to USD 8.45 billion in April 2021. This marked the fastest growth in inbound shipments in more than a decade, amid an acceleration in domestic demand in the aftermath of the coronavirus shocks. Purchases of transport equipment jumped by 547.4%, followed by mineral fuels, lubricants, and related materials (387.9%), and other food and live animals (283.1%). Considering the first four months of the year, arrivals gained 21.9% from the same period of 2020.
2021-06-09
Philippines Import Growth at Over 2-Year High
Imports to the Philippines jumped 16.6 percent year-on-year to the largest since January 2020 of USD 9.10 billion in March 2021, after an upwardly revised 8.9 percent growth in March. This was the strongest increase in inbound shipments in over two years, as domestic demand strengthened in the aftermath of the coronavirus disruptions. Arrivals grew for other food and live animals (30.9%), telecommunication equipment and electrical machinery (28%), mineral fuels, lubricants, and related materials (21.4%), electronic products (19%), plastics in primary and non-primary forms (18%), miscellaneous manufactured articles (10.2%), industrial machinery & equipment (7.3%), and iron & steel (5.4%). In contrast, purchases fell for both cereals and cereal preparations (-14.3%) and transport equipment (-1.7%). Purchases rose from China (33.3%), South Korea (12.0%), the US (8.5%), Japan (18.0%), Indonesia (27.9%), Thailand (17.3%), the EU (22.2%), and the ASEAN countries (16.5%).
2021-05-07
Philippines Imports Grow for 1st Time in 21 Months
Imports to the Philippines rose by 2.7 percent year-on-year to USD 7.80 billion in February 2021, swinging from a 12.1 percent plunge in the prior month. This was the first rise in inbound shipments in 21 months, as domestic demand recovered from COVID-19 shocks. Imports rose for: industrial machinery and equipment (7.0%), miscellaneous manufactured articles (1.3%), telecommunication equipment (23.2%), other food and live animals (13.7%), plastics in primary and non-primary forms (8.8%), iron & steel (5.4%), and electronic products (3.7%). In contrast, arrivals fell for transport equipment (-6.9%), mineral fuels, lubricants and related materials (-20.1%), and cereals and cereal preparations (-2.8%). Purchases increased from China (101.1%), South Korea (6.6%), Singapore (5.0%), Vietnam (9.8%). By contrast, purchases shrank from the US (-23.8%), Japan (-17.3%), Indonesia (1.7%), Malaysia (-12.6%), Thailand (-16.0%), the EU (-23.8%), and the ASEAN countries (-3.3%).
2021-04-08

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