Philippines / Portugal

Overview In August 2024, Philippines exported $2.13M and imported $1.6M from Portugal, resulting in a positive trade balance of $524k. Between August 2023 and August 2024 the exports of Philippines have decreased by $-1.18M (-35.7%) from $3.31M to $2.13M, while imports decreased by $-366k (-18.6%) from $1.97M to $1.6M.

Trade In August 2024, the top exports of Philippines to Portugal were Integrated Circuits ($1.84M), Commodities not elsewhere specified ($1.33M), Rubber Tires ($411k), Non-Retail Synthetic Staple Fibers Yarn ($380k), and Printed Circuit Boards ($334k). In August 2024 the top imports of Philippines from Portugal were Agglomerated Cork ($53.4k), Electrical Transformers ($51.6k), Knit T-shirts ($43.3k), Other Heating Machinery ($42.6k), and Valves ($32.2k).

Growth In August 2024, the decrease in Philippines's year-by-year exports to Portugal was explained primarily by an decrease in product exports in Printed Circuit Boards ($-380k or -53.3%), Non-Retail Synthetic Staple Fibers Yarn ($-162k or -29.9%), and Other Rubber Products ($-46.8k or -37.5%). In August 2024, the decrease in Philippines's year-by-year imports  from Portugal was explained primarily by an decrease in product imports  in Packaged Medicaments ($-652k or -96.9%), Knit T-shirts ($-82.2k or -65.5%), and Knit Sweaters ($-28.7k or -55.1%).