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. 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 June 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.