India / Philippines

Overview In January 2024, India exported $127M and imported $174M from Philippines, resulting in a negative trade balance of $47.1M. Between January 2023 and January 2024 the exports of India have increased by $2.93M (2.37%) from $124M to $127M, while imports increased by $105M (153%) from $68.7M to $174M.

Trade In January 2024, the top exports of India to Philippines were Drug Formulations, Biologicals ($18.4M), Two And Three Wheelers ($17.7M), Buffalo Meat ($9.61M), Auto Tyres And Tubes ($6.15M), and Auto Components/Parts ($5.28M). In January 2024 the top imports of India from Philippines were Electronics Instruments ($8.32M), Computer Hardware, Peripherals ($7.84M), Organic Chemicals ($6.84M), Electronics Components ($6.03M), and Telecom Instruments ($5.87M).

Growth In January 2024, the increase in India's year-by-year exports to Philippines was explained primarily by an increase in product exports in Two And Three Wheelers ($5.91M or 50%), Indl. Machnry For Dairy Etc ($2.43M or 95.2%), and Cotton Yarn ($1.42M or 81.3%). In January 2024, the increase in India's year-by-year imports  from Philippines was explained primarily by an increase in product imports  in Telecom Instruments ($4.89M or 495%), Computer Hardware, Peripherals ($1.99M or 34%), and Fruits / Vegetable Seeds ($1.31M or 10.9M%).