Philippines - Importations

Imports to the Philippines plunged 10.8 percent to USD 9.57 billion in October, the seventh straight month of drop, after a downwardly revised 10.5 percent decrease in September. Purchases contracted for : iron and steel (-31.7%); cereals and cereal preparations (-18.1%); industrial machinery and equipment (-14.6%); mineral fuels, lubricants (-13.3%); electronic products (-11.7%); plastics in primary and non-primary forms (-9.4%); other food and live animals (-5.6%), transport equipment (-3.4%); and miscellaneous manufactured articles (-2,7). Conversely, imports rose for telecommunication equipment and electrical machinery (4.9%). Purchases shrank from Japan (-1.3%), South Korea (-36.7%), the US (-10.1%), Thailand (-1.9%), Indonesia (-14.5%), Taiwan (-9.4%). Also, imports from China, the Philippines's largest supplier of imports, dropped 4.9%. By contrast, arrivals from Singapore increased 7.9%.

Imports to the Philippines declined 10.5 percent to USD 9.02 billion in September 2019, the sixth straight month of drop, after a downwardly revised 8.8 percent fall in August. Purchases contracted for iron & steel (-46.8%); cereals and cereal preparations (-22%); mineral fuels, lubricants (-14.5%); plastics in primary and non-primary forms (-9.4%); transport equipment (-7.8%); electronic products (-7.1%); and industrial machinery and equipment (-1.2%). Conversely, imports rose for telecommunication equipment and electrical machinery (12%), miscellaneous manufactured articles (11%), and other food and live animals (1.6%). Purchases shrank from Japan (-5.5%), South Korea (-37.1%), the US (-3.9%), South Korea (-42.8%), Thailand (-11.7%), Indonesia (-23.4%), Taiwan (-13%), the ASEAN countries (-11.3%), and the EU (-6.8%). In contrast, imports from China, the Philippines's largest supplier of imports, rose 9.4%. Also, arrivals from Singapore increased 2.7%.

Imports to Philippines tumbled 11.8 percent year-on-year to USD 8.66 billion in August 2019, the fifth straight month of decline, after a 4.2 percent fall in the previous month. Purchases shrank for iron & steel (-44.2%); transport equipment (-29.1%); cereals and cereal preparations (-23.4%); mineral fuels, lubricants (-11.9%); plastics in primary and non-primary forms (-8.7%); electronic products (-6%); and other food and live animals (-4.4%). By contrast, inbound shipment rose for miscellaneous manufactured articles (24.9%); and telecommunications equipment and electrical machinery (11.4%). Imports fell from Japan (-6.7%), the US (-14.6%), South Korea (-37.1%), Thailand (-27.8%), the ASEAN countries (-4%), and the EU (-29.2%). Conversely, arrivals grew from China (4.6%) and Singapore (7.1%).

Imports to the Philippines dropped by 10.4 percent year-on-year to USD 8.48 billion in June 2019, following a downwardly revised 5.2 percent fall in May. This was the third straight month of yearly decline in inbound shipments, as purchases shrank for iron & steel (-40.3%); cereals & cereal preparations (-29.4%); industrial machinery and equipment (-20.7%); transport equipment (-12.6%); telecommunication equipment and electrical machinery (-12.2%); and mineral fuels, lubricants (-7%). In contrast, imports of electronic products rose 1.8%. Purchases from China, the Philippines's largest supplier of imports, contracted 3.8 percent. Also, arrivals fell from Japan (-9.2%), South Korea (-24.3%), the US (-4.2%), Thailand (-26.1%), and the ASEAN countries (-7.4%). Conversely, purchases grew from Hong Kong (10.1%), Malaysia (36.5%), and the EU (3.4%). Regarding January to June 2019, imports fell by 1 percent from the same period the prior year.

Imports to the Philippines dropped by 5.4 percent year-on-year to USD 9.43 billion in May 2019, following a 1.9 percent fall in the prior month. This was the second straight month of yearly decline in inbound shipments, as purchases shrank for iron and steel (-25.5%); transport equipment (-19.3%); mineral fuels, lubricants (-17.2%); plastics in primary and non-primary forms (-13.7%); industrial machinery and equipment (-4.8%); and other food and live animals (-3.7%). In contrast, imports grew for cereals and cereal preparations (72.1%); miscellaneous manufactured articles (8.1%); and electronic products (2%). Among major trading partners, arrivals shrank from Japan (-13.6%), South Korea (-24.7%), Taiwan (-24.1%), and Thailand (-8.1%). Conversely, purchases from China, the Philippines's largest supplier of imports, rose 6.4%. Also, imports increased from the US (0.8%), Singapore (22.8%), Indonesia (3.6%), Malaysia (55.7%), the ASEAN countries (16.1%), and the EU (10.5%)

Imports to the Philippines declined 1.9 percent year-on-year to USD 9.01 billion in April 2019, after a 7.8 percent growth in March. It was the first fall in inbound shipments in four months, as purchases went down for transport equipment (-27.7%), plastics in primary and non-primary forms (-14.2%), iron and steel (-14.2%), and industrial machinery and equipment (-10.6%). Conversely, imports rose for mineral fuels, lubricants and related materials (36.5%); cereals and cereal preparations (34.7%); miscellaneous manufactured articles (11%); and electronic products (2%). Among major trading partners, purchases shrank from Japan (-15.9%), South Korea (-27.1%), the US (-3%), Indonesia (-8.5%), Thailand (-22.2%), and the EU countries (-1.7%). Meanwhile, imports from China, the Philippines's largest supplier of imported goods, surged 17 percent. Also, purchases advanced from Singapore (14%), Vietnam (61.5%), Hong Kong (5.4%), India (18.5%), and the ASEAN countries (0.6%).