Philippines / Canada

Overview In July 2024, Philippines exported $49M and imported $134M from Canada, resulting in a negative trade balance of $85.2M. Between July 2023 and July 2024 the exports of Philippines have decreased by $-10.5M (-17.6%) from $59.5M to $49M, while imports increased by $28.8M (27.4%) from $105M to $134M.

Trade In July 2024, the top exports of Philippines to Canada were Insulated Wire ($13.3M), Integrated Circuits ($2.25M), Rubber Tires ($1.53M), Trunks and Cases ($1.44M), and Baked Goods ($1.36M). In July 2024 the top imports of Philippines from Canada were Wheat ($24.9M), Potassic Fertilizers ($13.5M), Sawn Wood ($10.5M), Coin ($7.21M), and Pig Meat ($3.82M).

Growth In July 2024, the decrease in Philippines's year-by-year exports to Canada was explained primarily by an decrease in product exports in Coconuts, Brazil Nuts, and Cashews ($-1.25M or -77.9%), Industrial Printers ($-1.06M or -71.9%), and Integrated Circuits ($-1.01M or -31%). In July 2024, the increase in Philippines's year-by-year imports  from Canada was explained primarily by an increase in product imports  in Potassic Fertilizers ($13.5M or 806k%), Coin ($6.05M or 521%), and Animal Meal and Pellets ($1.74M or 99%).