Philippines / Russia

Overview In July 2024, Philippines exported $3.65M and imported $5.07M from Russia, resulting in a negative trade balance of $1.43M. Between July 2023 and July 2024 the exports of Philippines have decreased by $-914k (-20.1%) from $4.56M to $3.65M, while imports decreased by $-13.8M (-73.1%) from $18.9M to $5.07M.

Trade In July 2024, the top exports of Philippines to Russia were Vegetable Saps ($1.09M), Rubber Tires ($506k), Optical Fibers and optical fibre bundles ($289k), Other Office Machines ($253k), and Non-Retail Synthetic Staple Fibers Yarn ($139k). In July 2024 the top imports of Philippines from Russia were Semiconductor Devices ($3.65M), Processed Tobacco ($1.67M), Detonating Fuses ($913k), Newsprint ($177k), and Buckwheat ($85.5k).

Growth In July 2024, the decrease in Philippines's year-by-year exports to Russia was explained primarily by an decrease in product exports in Coconuts, Brazil Nuts, and Cashews ($-1.23M or -91.5%), Rubber Tires ($-59k or -10.4%), and Other Edible Preparations ($-51.3k or -66.1%). In July 2024, the decrease in Philippines's year-by-year imports  from Russia was explained primarily by an decrease in product imports  in Non-fillet Frozen Fish ($-186k or -72.1%) and Non-Knit Women's Suits ($-34.1k or -98%).