Philippines / United States

Overview In July 2024, Philippines exported $1.06B and imported $739M from United States, resulting in a positive trade balance of $318M. Between July 2023 and July 2024 the exports of Philippines have decreased by $-7.78M (-0.73%) from $1.07B to $1.06B, while imports decreased by $-4.11M (-0.55%) from $744M to $739M.

Trade In July 2024, the top exports of Philippines to United States were Commodities not elsewhere specified ($80.3M), Integrated Circuits ($79.5M), Insulated Wire ($65.8M), Telephones ($65.1M), and Electrical Transformers ($51.4M). In July 2024 the top imports of Philippines from United States were Integrated Circuits ($117M), Soybean Meal ($87.8M), Commodities not elsewhere specified ($60.2M), Wheat ($46.4M), and Concentrated Milk ($39.7M).

Growth In July 2024, the decrease in Philippines's year-by-year exports to United States was explained primarily by an decrease in product exports in Commodities not elsewhere specified ($-48.8M or -37.8%), Computers ($-35.3M or -52%), and Video Displays ($-9.86M or -50.4%). In July 2024, the decrease in Philippines's year-by-year imports  from United States was explained primarily by an decrease in product imports  in Vaccines, blood, antisera, toxins and cultures ($-113M or -92.1%), Soybean Meal ($-74.2M or -45.8%), and Wheat ($-31.5M or -40.4%).