Imports to the Philippines jumped 21.4 percent year-on-year to USD 10.32 billion in October 2018, after a 26.1 percent rise in September. Purchases grew for all commodities: cereal and cereal preparations (52.3 percent); mineral fuels and lubricants (45.4 percent); other food and live animals (33.6 percent); telecommunication equipment and electrical machinery (26.7 percent); miscellaneous manufactured articles (25.4 percent); plastic in primary and non-primary form (24.9 percent); industrial machinery and equipment (21.5 percent); transport equipment (18.4 percent); electronic products (14.8 percent); and iron and steel (7.8 percent). Inbound shipments from China, the Philippine’s biggest source of purchases, soared 28.2 percent. Also, imports went up from South Korea (57.1 percent), the US (3.9 percent); the ASEAN countries (7.9 percent) and the EU countries (61.7 percent). In contrast, imports fell from Japan (-4 percent) and Thailand (-1.3 percent). Imports in Philippines averaged 1958335.67 USD Thousand from 1957 until 2018, reaching an all time high of 10320011.78 USD Thousand in October of 2018 and a record low of 37084.30 USD Thousand in February of 1963.

Imports in Philippines is expected to be 8950000.00 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 9150000.00 in 12 months time. In the long-term, the Philippines Imports is projected to trend around 9580000.00 USD Thousand in 2020, according to our econometric models.

Philippines Imports
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Calendar GMT Actual Previous Consensus TEForecast
2018-09-11 01:00 AM Imports YoY 31.6% 24.1%
2018-10-10 01:00 AM Imports YoY 11% 31.6%
2018-11-07 01:00 AM Imports YoY 26.1% 11%
2018-12-11 01:00 AM Imports YoY 21.4% 26.1%
2019-01-07 01:00 AM Imports YoY 21.4%
2019-02-09 01:00 AM Imports YoY
2019-03-09 01:00 AM Imports YoY


Philippines Trade Last Previous Highest Lowest Unit
Balance of Trade -4212000.00 -3723000.00 1144700.00 -4212000.00 USD Thousand [+]
Current Account -823.78 -1171.01 1810.97 -1455.03 USD Million [+]
Current Account to GDP -0.80 -0.40 5.80 -7.70 percent [+]
Imports 10320011.78 9753919.41 10320011.78 37084.30 USD Thousand [+]
Exports 6108053.63 6031171.49 6183354.44 23000.00 USD Thousand [+]
External Debt 73097.87 76621.97 79949.42 20893.00 USD Million [+]
Capital Flows 0.86 -1.71 93.66 -35.31 USD Million [+]
Remittances 2237000.00 2476000.00 2741425.00 64208.00 USD Thousand [+]
Tourist Arrivals 512240.00 542250.00 732506.00 63628.00 [+]
Gold Reserves 197.90 196.40 274.42 126.89 Tonnes [+]
Terrorism Index 7.13 7.10 7.27 5.78 [+]
Foreign Direct Investment 570.00 750.00 2256.00 -396.00 USD Million [+]
Crude Oil Production 13.00 13.00 38.00 1.00 BBL/D/1K [+]

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



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). 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 - actual data, historical chart and calendar of releases - was last updated on December of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
10320011.78 9753919.41 10320011.78 37084.30 1957 - 2018 USD Thousand Monthly




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