Imports to the Philippines fell by 4.9% year-on-year in November 2024, slipping from an upwardly revised and six-month high of 11.3% growth in the previous month. Among commodity groups, purchases declined for transport equipment (-30.1%), mineral fuels, lubricants & related materials (-24.4%), iron & steel (-15.1%), miscellaneous manufactured articles (-14.8%), and telecommunication equipment & electrical machinery (-4.8%). Meanwhile, imports increased for metalliferous ores & metal scrap (25.5%), and other food & live animals (24.6%). Among top trading partners, arrivals slumped from Malaysia (-16.9%), Indonesia (-13.2%), Thailand (-11.5%), Singapore (-8.3%), Japan (-7.4%), and the US (-5.2%). For the first eleven months of the year, imports were 1.1% higher compared to the same period last year. source: Philippine Statistics Authority

Imports YoY in Philippines decreased to -4.90 percent in November from 11.30 percent in October of 2024. Imports YoY in Philippines averaged 10.48 percent from 1958 until 2024, reaching an all time high of 153.00 percent in April of 2021 and a record low of -63.00 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 January of 2025.




Calendar GMT Reference Actual Previous Consensus TEForecast
2024-12-10 01:00 AM
Imports YoY
Oct 11.2% 10.1%
2025-01-09 01:00 AM
Imports YoY
Nov -4.9% 11.3%
2025-01-24 01:00 AM
Imports YoY
Dec -4.9%


Related Last Previous Unit Reference
Balance of Trade -4767320.00 -5781351.00 USD Thousand Nov 2024
Capital Flows 7.09 6.71 USD Million Sep 2024
Crude Oil Production 1.00 1.00 BBL/D/1K Sep 2024
Current Account -2198.35 -1791.21 USD Million Sep 2024
Current Account to GDP -1.30 -4.40 percent of GDP Dec 2023
Exports 5960774.10 6190932.36 USD Thousand Nov 2024
Exports by Category
Exports by Country
Exports YoY -8.70 -5.00 percent Nov 2024
External Debt 125393.69 111268.17 USD Million Dec 2023
Foreign Direct Investment 1022.00 368.00 USD Million Oct 2024
Gold Reserves 128.12 132.65 Tonnes Sep 2024
Imports 10458094.55 11972283.02 USD Thousand Nov 2024
Imports by Category
Imports by Country
Imports YoY -4.90 11.30 percent Nov 2024
Cash Remittances 3078713.00 3008765.00 USD Thousand Oct 2024
Terrorism Index 5.38 6.33 Points Dec 2023
Tourist Arrivals 598493.00 471835.00 Dec 2024

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
-4.90 11.30 153.00 -63.00 1958 - 2024 percent Monthly


News Stream
Philippines Imports Fall in November
Imports to the Philippines fell by 4.9% year-on-year in November 2024, slipping from an upwardly revised and six-month high of 11.3% growth in the previous month. Among commodity groups, purchases declined for transport equipment (-30.1%), mineral fuels, lubricants & related materials (-24.4%), iron & steel (-15.1%), miscellaneous manufactured articles (-14.8%), and telecommunication equipment & electrical machinery (-4.8%). Meanwhile, imports increased for metalliferous ores & metal scrap (25.5%), and other food & live animals (24.6%). Among top trading partners, arrivals slumped from Malaysia (-16.9%), Indonesia (-13.2%), Thailand (-11.5%), Singapore (-8.3%), Japan (-7.4%), and the US (-5.2%). For the first eleven months of the year, imports were 1.1% higher compared to the same period last year.
2025-01-09
Philippines Import Growth Hits 6-Month High
Imports to the Philippines advanced by 11.2% year-on-year in October 2024, accelerating from an upwardly revised 10.1% growth in the previous month. It was the strongest growth in inbound shipments since April, as purchases climbed for electronic products (21%), other food & live animals (27.1%), iron & steel (9.7%), miscellaneous manufactured articles (15.6%), industrial machinery & equipment (12.8%), transport equipment (37.4%), and cereals & cereal preparations (97.9%). Meanwhile, imports fell for mineral fuels, lubricants & related materials (-10.4%). Among top trading partners, arrivals increased from China (17.9%), South Korea (25.9%), Japan (10.5%), the US (5.8%), Thailand (16.6%), Vietnam (52%), and Australia (22.2%). For the first ten months of the year, imports were 1.7% higher compared to the same period last year.
2024-12-10
Philippines Import Growth Hits 5-Month High
Imports to the Philippines advanced by 9.9% year-on-year in September 2024, accelerating from an upwardly revised 2.8% growth in the previous month. It was the strongest growth in inbound shipments since April, as purchases climbed for electronic products (8.9%), other food & live animals (34%), iron & steel (30%), miscellaneous manufactured articles (29.1%), industrial machinery & equipment (0.2%), cereals & cereal preparations (5.7%). Meanwhile, imports fell for mineral fuels, lubricants & related materials (-11.4%) and transport equipment (-3.1%). Among top trading partners, arrivals increased from China (7.8%), Indonesia (21%), South Korea (12.6%), US (8.8%), Malaysia (4.9%), Vietnam (16.6%), and Australia (93.2%). For the first nine months of the year, imports were 0.6% higher compared to the same period last year.
2024-11-06


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