Imports to the Philippines rose by 14.1% year-on-year to USD 11.98 billion in September 2022, after a 26% jump a month earlier. This was the 20th straight month of growth in purchases, amid sustained domestic demand following an improvement in the COVID-19 situation, as well as high commodity prices and a weakening peso. Arrivals grew for mineral fuels, lubricants (64.2%), transport equipment (53.3%), miscellaneous manufactured articles (33.7%), organic and inorganic chemicals (31.0%), other food & live animals(26.8%), telecommunication equipment (9.7%), and electronic products (6.5%). In contrast, there were falls in imports of cereals and cereal preparations (-19.3%), iron & steel (-17.3%), and industrial machinery (-3%). Imports went up from China (2.7%), Indonesia (66.4%), Japan (16.7%), the US (21.8%), Singapore (34.1%), Thailand (4.9%), Taiwan (12.4%), Malaysia (6.4%), and the ASEAN countries (26.9%). Conversely, purchases fell from both South Korea (-4.2%) and the EU (-0.1%). source: Philippine Statistics Authority

Imports YoY in Philippines averaged 10.89 percent from 1958 until 2022, reaching an all time high of 147.50 percent in July of 1974 and a record low of -62.90 percent in April of 2020. This page includes a chart with historical data for Philippines Imports YoY. Philippines Imports YoY - data, historical chart, forecasts and calendar of releases - was last updated on November of 2022.

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Philippines Imports YoY



Calendar GMT Actual Previous Consensus TEForecast
2022-10-11 01:00 AM Aug 26.0% 22.2%
2022-11-04 01:00 AM Sep 14.1% 26%
2022-12-13 01:00 AM Oct 14.1%

Philippines Imports YoY
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).
Actual Previous Highest Lowest Dates Unit Frequency
14.10 26.00 147.50 -62.90 1958 - 2022 percent Monthly

News Stream
Philippines Imports Grow for 20th Month
Imports to the Philippines rose by 14.1% year-on-year to USD 11.98 billion in September 2022, after a 26% jump a month earlier. This was the 20th straight month of growth in purchases, amid sustained domestic demand following an improvement in the COVID-19 situation, as well as high commodity prices and a weakening peso. Arrivals grew for mineral fuels, lubricants (64.2%), transport equipment (53.3%), miscellaneous manufactured articles (33.7%), organic and inorganic chemicals (31.0%), other food & live animals(26.8%), telecommunication equipment (9.7%), and electronic products (6.5%). In contrast, there were falls in imports of cereals and cereal preparations (-19.3%), iron & steel (-17.3%), and industrial machinery (-3%). Imports went up from China (2.7%), Indonesia (66.4%), Japan (16.7%), the US (21.8%), Singapore (34.1%), Thailand (4.9%), Taiwan (12.4%), Malaysia (6.4%), and the ASEAN countries (26.9%). Conversely, purchases fell from both South Korea (-4.2%) and the EU (-0.1%).
2022-11-04
Philippines Imports Extend Double-Digit Growth
Imports to the Philippines climbed 26.0% yoy to USD 12.41 billion in August 2022, following an upwardly revised 22.2% growth a month earlier. This was the 16th straight month of a double-digit rise in purchases, reflecting solid domestic demand following an improvement in the COVID-19 situation, as well as high commodity prices and a weakening peso. Arrivals gained for all commodity groups: transport equipment (75.8%), mineral fuels (75.6%), other food & live animals (43.0%), cereal and cereal preparations (42.1%), telecommunication equipment (30.9%), miscellaneous manufactured articles (20.9%), iron & steel (15.7%), plastics in primary and non-primary forms (6.2%), and electronic products (3.1%.). Imports went up from China (14.6%), Indonesia (120%), Japan (8.6%), South Korea (17.5%), Singapore (51.4%), the US (18.3%), Australia (106.1%), and the ASEAN countries (49.4%). Conversely, purchases fell from both Hong Kong (-7.8%), and India (-3.9%).
2022-10-11
Philippines Imports Extend Double-Digit Rise
Imports to the Philippines expanded 21.5% yoy to USD 12.14 billion in July 2022, after an upwardly revised 26.3% jump in April. The latest print was the 18th straight month of growth in arrivals and the 15th consecutive month of double-digit rise, on solid domestic demand as COVID-19 situation improved further as well as high commodity prices. Arrivals gained for most commodity groups: mineral fuels (86.5%), cereal and cereal preparations (64.7%), transport equipment (46.6%), miscellaneous manufactured articles (22.9%), other food & live animals (16.4%), telecommunication equipment (10.8%), plastics in primary and non-primary forms (8.1%), and iron & steel (4.2%.) By contrast, purchases of electronic products fell 1.5%. Imports went up from China (6.9%), South Korea (66.1%), Indonesia (69.0%), Japan (0.4%), Singapore (21.8%), the US (14.4%), the ASEAN countries (32.9%), and the EU (17.0%). Conversely, purchases fell from Vietnam (-9.7%), Hong Kong (-20.5%), and India (-19.4%).
2022-09-09


United Nations Comtrade Database
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