Philippines / Thailand

Overview In July 2024, Philippines exported $237M and imported $654M from Thailand, resulting in a negative trade balance of $418M. Between July 2023 and July 2024 the exports of Philippines have increased by $22.6M (10.5%) from $214M to $237M, while imports decreased by $-15.8M (-2.36%) from $670M to $654M.

Trade In July 2024, the top exports of Philippines to Thailand were Integrated Circuits ($52.7M), Refined Copper ($39.7M), Office Machine Parts ($35.5M), Motor vehicles; parts and accessories (8701... ($20.9M), and Crude Petroleum ($14M). In July 2024 the top imports of Philippines from Thailand were Delivery Trucks ($94M), Cars ($70.9M), Commodities not elsewhere specified ($27.1M), Integrated Circuits ($22.8M), and Air Conditioners ($15.7M).

Growth In July 2024, the increase in Philippines's year-by-year exports to Thailand was explained primarily by an increase in product exports in Integrated Circuits ($5.8M or 12.4%), Rolled Tobacco ($5.29M or 236%), and Revolution Counters ($2.22M or 144%). In July 2024, the decrease in Philippines's year-by-year imports  from Thailand was explained primarily by an decrease in product imports  in Office Machine Parts ($-10.7M or -62%), Rice ($-10.2M or -76.4%), and Vaccines, blood, antisera, toxins and cultures ($-9.6M or -99.9%).