Philippines import

Philippines Import Data

In today's globalized world, transnational trade plays a vital part in the profitable growth of a nation. The Philippines is a major player in transnational trade, with a long history of transnational marketable exertion. As a member of the Association of Southeast Asian Nations (ASEAN), the Philippines is a major contributor to the region's trade and investment conditioning. According to the Philippines import data, in 2022, the Philippines imported goods worth a total of $159.29 billion. Imports of goods into the Philippines increased by 17.2% from 2021 to 2022. The value of goods imported into the Philippines increased by $21 billion in 2022 (it was $138 billion in 2021). Let’s dive into the Philippines' import data and give a comprehensive overview of the import trends for the year 2022.

 Philippines Import Data | Philippines Customs Data


The country has been ranked 34th in global imports, showing a significant position in the international trade landscape.


With a mere 0.57% share in global import trade, it becomes evident that its presence in the international import market is fairly on the rise.


China holds a significant role as the largest import partner of the country in terms of goods imports.


Electronic integrated circuits are the major and biggest import commodities of the country, playing a vital role in its economy.


Philippines's Top 10 Imports in 2022

The Philippines, known for its vibrant economy, has a list of top 10 imports that contribute to its growth and development. Leading the pack are electronic products, which make up a significant portion of the country's imports. The top 10 imports of the Philippines in 2022 are:

  • Electronic integrated circuits and micro apparatus: 11.8% ($17.2 billion)
  • Petroleum oils and oils from bituminous minerals: 9.87% ($14.3 billion)
  • Coal; briquettes, and solid fuels manufactured from coal: 4.14% ($6.04 billion
  • Motor cars and other motor vehicles: 2.44% ($3.57 billion)
  • Optical, photographic, and medical apparatus: 2.08% ($3.04 billion)
  • Pharmaceutical products: 1.85% ($2.7 billion)
  • Wheat and meslin.: 1.77% ($2.58 billion)
  • Electrical apparatus for line telephony or line telegraphy: 1.73% ($2.53 billion)
  • Parts and accessories: 1.48% ($2.17 billion)
  • Oil cake and other solid residues: 1.31% ($1.91 billion)
  • Partners

    Top 10 import partners of the Philippines

    With a professional approach, the Philippines has established strong import partnerships with various countries. These import partners have played a crucial role in meeting the country's demands and driving its economic progress. The top 10 importing partners of the Philippines for 2022 are:

    Value In Percentage(%)

  • China: 20% (29 billion US$) 
  • Indonesia: 9.55% (13.9 billion US$) 
  • Japan: 8.97% (13 billion US$) 
  • Korea: 8.72% (12.7 billion US$) 
  • USA: 6.64% (9.69 billion US$) 
  • Singapore: 5.79% (8.46 billion US$) 
  • Thailand: 5.24% (7.65 billion US$) 
  • Other Asian nations: 4.86% (7.09 billion US$) 
  • Malaysia: 4.57% (6.68 billion US$) 
  • Vietnam: 3.27% (4.77 billion US$) 
  • Sample Data

    Significance of the Philippines Import Data Analysis

    We obtain trustworthy data from organizations, shipping businesses, and customs ports. This Trade Data contains a wide range of fields, such as HS codes, product descriptions, prices, quantities, origin country, destination country, and port names together with currency values. For traders and marketers, this trade data is crucial information that helps them to make informed decisions. From the HS codes and product descriptions to the quantity and cost of each product, everything can be obtained through this trade data. We have included a sample of this trade data for your convenience and greater understanding so that you can see what the trade data looks like as a whole, with complete details.

    So, as you can see that in this report, we also include the importers’/exporter's names and address details. In this comprehensive customs database, we ensure that every detail is meticulously recorded, which makes this trade data efficient for businesses worldwide. Analyzing import data allows businesses to form informed opinions regarding their sourcing strategies, pricing, and target requests. According to the customs database for the imports of the Philippines, with a value of $17.2 billion, electronic gadgets were the top imported goods into the Philippines in 2022. The import data provides precious perceptivity into the demand for specific products, provides shipment details such as HS code, importer name, and more, identifies arising trends, and helps in assessing the competitiveness of domestic diligence. Also, policymakers use import data to assess the impact of trade programs and apply measures to foster profitable growth. The Philippines, known for its vibrant frugality and strategic position in Southeast Asia, imports a different range of products.


    Benefits of the Philippines Import Data

  • Trade Analysis of import data helps in assessing the trade balance of the country.
  • The data can be used to gauge the overall economic health of the Philippines.
  • Businesses can use import data to identify market trends and opportunities.
  • Import data allows businesses to optimize their supply chains for the Philippines.
  • It can be used to assess risks related to supply chain disruptions, such as overreliance on critical imports.
  • You’ll receive the name and address of the importer/exporter in our reports.
  • Frequently Asked Questions!!

    The total value of imported goods in the Philippines was $145 billion in 2022.

    Electronic integrated circuits and micro-apparatus had the highest import value into the Philippines in 2022.

    China, Indonesia, and Japan were the top 3 import partners for the Philippines in 2022.

    Shift towards Sustainable and Eco-Friendly Products, Diversification of Trading Partners, Digital Transformation and E-commerce, and Increased Focus on Original Manufacturing are some of the major import trends in 2022.

    It provides valuable insights into the country's economic landscape and helps predict future trends.

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