Imports to the Philippines climbed 26.0% yoy to USD 12.41 billion in August 2022, following an upwardly revised 22.2% development a month earlier. This was the 16th straight month of a double-digit rise in purchases, reflecting stable home demand following an enchancment within the COVID-19 scenario, in addition to excessive commodity costs and a weakening peso. Arrivals gained for all commodity teams: transport gear (75.8%), mineral fuels (75.6%), different meals & stay animals (43.0%), cereal and cereal preparations (42.1%), telecommunication gear (30.9%), miscellaneous manufactured articles (20.9%), iron & metal (15.7%), plastics in major and non-primary types (6.2%), and digital merchandise (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 international locations (49.4%). Conversely, purchases fell from each Hong Kong (-7.8%), and India (-3.9%). supply: Philippine Statistics Authority
Imports YoY in Philippines averaged 10.89 % from 1958 till 2022, reaching an all time excessive of 147.50 % in July of 1974 and a report low of -62.90 % in April of 2020. This web page features a chart with historic knowledge for Philippines Imports YoY. Philippines Imports YoY – knowledge, historic chart, forecasts and calendar of releases – was final up to date on October of 2022.
Philippines Imports YoY
Philippines main imports are: digital merchandise (25 %), mineral fuels (21 %) and transport gear (10 %). Philippines’s fundamental import companions are: China (13 %), the USA (11 %), Japan (Eight %) and Taiwan (Eight %).
|26.00||22.20||147.50||-62.90||1958 – 2022||%||Month-to-month|
Philippines Imports Prolong Double-Digit Development
Philippines Imports Prolong Double-Digit Rise
Philippines Import Development Stays Strong