Imports to the Philippines fell 9.4 percent year-on-year to USD 8.47 billion in December 2018, swinging from a 6.8 percent rise in November. It was the first drop in inbound shipment since July 2017 and the steepest in more than six years, dragged down by transport equipment (-33.3 pct); miscellaneous manufactured articles (-18.4 pct); mineral fuels, lubricants (-14.4 pct); telecommunication equipment and electrical machinery (-5.5 pct); other food and live animals (-3.5 pct); and electronic products (-1.6 pct). In contrast, imports grew for: cereal and cereal preparations (57.8 pct); iron and steel (15.4pct); and industrial machinery and equipment (0.6 pct). Inbound shipments shrank from Japan (-3.4 pct); South Korea (-17.7 pct); the US (-36.9 pct); Thailand (-4.6 pct); and the ASEAN countries (-7.9 pct). In contrast, imports from China, the Philippines's biggest supplier of purchases, grew by 8.1 percent. In addition, imports from the EU countries surged 20.1 percent. Imports in Philippines averaged 1977187.75 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 8870000.00 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 9210000.00 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
width
height
Forecast Data Chart
Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices.

The Trading Economics Application Programming Interface (API) provides direct access to our data. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.


Calendar GMT Actual Previous Consensus TEForecast
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%
2019-01-10 01:00 AM Imports YoY 6.8% 21.4%
2019-03-12 01:00 AM Imports YoY -9.4%
2019-04-11 01:00 AM Imports YoY
2019-06-11 01:00 AM Imports YoY


Philippines Trade Last Previous Highest Lowest Unit
Balance of Trade -3752000.00 -3901000.00 1144700.00 -4080961.80 USD Thousand [+]
Current Account -1254.49 -1035.06 1810.97 -1455.03 USD Million [+]
Current Account to GDP -0.80 -0.40 5.80 -7.70 percent [+]
Imports 8473220.00 9469396.52 10320011.78 37084.30 USD Thousand [+]
Exports 4720880.00 5568794.00 6239050.00 23000.00 USD Thousand [+]
External Debt 73097.87 76621.97 79949.42 20893.00 USD Million [+]
Capital Flows 2.07 -5.93 93.66 -35.31 USD Million [+]
Remittances 2849065.80 2326000.00 2849065.80 64208.00 USD Thousand [+]
Tourist Arrivals 687726.00 559057.00 732506.00 63628.00 [+]
Gold Reserves 197.90 197.90 274.42 126.89 Tonnes [+]
Terrorism Index 7.18 7.13 7.27 5.78 [+]
Foreign Direct Investment 531.00 491.00 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 February of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
8473220.00 9469396.52 10320011.78 37084.30 1957 - 2018 USD Thousand Monthly




Related

Latest