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.