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%). source: National Statistics Office of Philippines

Imports in Philippines averaged 2208941.80 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 May 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
9097210.00 7601951.20 10724291.25 37084.30 1957 - 2021 USD Thousand Monthly


Calendar GMT Actual Previous Consensus TEForecast
2021-01-27 01:00 AM Dec -9.1% -18.3%
2021-03-12 01:00 AM Jan -14.9% -8.2%
2021-04-08 01:00 AM Feb 2.7% -12.1%
2021-05-07 01:00 AM Mar 16.6% 8.9%


News Stream
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 Tumble 14.9% YoY
Imports to the Philippines plunged 14.9 percent year-on-year to USD 7.91 billion in January 2021, following a downwardly revised 8.2 percent fall a month earlier, as domestic demand deteriorated due to the ongoing COVID-19 disruption. Purchases declined for most components: industrial machinery and equipment (-36.9%), transport equipment (-36.8%), mineral fuels, lubricants and related materials (-33.6%), miscellaneous manufactured articles (-5.0%), telecommunication equipment and electrical machinery (-20%), iron & steel (-16.3%), other food and live animals (-15.4%), plastics in primary and non-primary forms (-8.9%), and electronic products (-0.8%). In contrast, arrivals of cereals and cereal preparations rose 9.5%. Purchases decreased from China (-18.6%), the US (-11.5%), South Korea (-24.9%), Japan (-17.7%), the US (-15.1%), Indonesia (-6.7%), the EU (-28.4%), and the ASEAN countries (-4.5%). By contrast, purchases increased from Vietnam (23.3%), Malaysia (0.7%).
2021-03-12
Philippines Imports Drop the Least in 11 Months
Imports to the Philippines fell 9.1 percent yoy to USD 7.92 billion in December 2020,the least since January, following a revised 18.3 percent slump a month earlier, as domestic demand weakened further due to the ongoing COVID-19 disruption. Purchases decreased the most for: mineral fuels, lubricants and related materials (-50.8%), followed by transport equipment (-34.8%), industrials machinery and equipment (-21.7%), metal products (-17.4%), miscellaneous manufactured articles (-5.0%) and telecommunication equipment and electrical machinery (-4.0%). By contrast, purchases increased for: iron & steel (25.4%), preparations (7.9%), and electronic products (7.6%) and other food and live animals (1.9%). Purchases decreased from China (-7.2%), the US (-11.5%), South Korea (-26.2%), the EU (-41.1%) and the ASEAN countries (-1.5%). By contrast, purchases increased from Japan (1.8%) and Indonesia (3.4%). For 2020 full year, imports plunged 23.3% year-on-year, following an 1.1% fall in 2019.
2021-01-27

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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