Philippine imports rose by 12.3% year-on-year to a record high of USD 12.7 billion in March 2026, following a 16.6% growth in the previous month. The increase was largely driven by a sharp 44.2% rise in imports of electronic products, particularly semiconductor components (+61%), communication/radar (+30.5%), and medical/industrial instrumentation (+23.9%). Arrivals also increased for mineral fuels, lubricants and related materials (+35.1%) and cereals and cereal preparations (+33.6%), partially offset by declines in transport equipment (-16.3%), industrial machinery and equipment (-9.9%), and iron and steel (-16.2%). Among the country’s largest trading partners, China remained the top supplier, accounting for 28.5% of total imports, with imports rising 9.3%. Imports also increased from South Korea (+89.3%), the US (+25.8%), Malaysia (+33.4%), and Singapore (+23.9%). For January–March, total imports increased 8.9% to USD 35.5 billion. source: Philippine Statistics Authority
Imports in Philippines increased to 12678971.03 USD Thousand in March from 11404207.56 USD Thousand in February of 2026. Imports in Philippines averaged 2838466.08 USD Thousand from 1957 until 2026, reaching an all time high of 12678971.03 USD Thousand in March of 2026 and a record low of 37084.30 USD Thousand in February of 1963. This page provides the latest reported value for - Philippines Imports - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Philippines Imports - data, historical chart, forecasts and calendar of releases - was last updated on May of 2026.
Imports in Philippines increased to 12678971.03 USD Thousand in March from 11404207.56 USD Thousand in February of 2026. Imports in Philippines is expected to be 11900000.00 USD Thousand by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Philippines Imports is projected to trend around 12100000.00 USD Thousand in 2027, according to our econometric models.