Overview: In July 2020 Philippines' Integrated Circuits exports accounted up to $1.3B and imports accounted up to $643M, resulting in a positive trade balance of $654M. Between July 2019 and July 2020 the exports of Philippines' Integrated Circuits have decreased by $-153M (-10.6%) from $1.45B to $1.3B, while imports increased by $61.3M (10.5%) from $582M to $643M.
Destinations: In July 2020 Integrated Circuits exported mostly to Hong Kong ($486M), China ($146M), Singapore ($128M), Japan ($79.4M), and Chinese Taipei ($78.1M), and imported mostly from Chinese Taipei ($206M), United States ($108M), Japan ($76.5M), South Korea ($63.4M), and Singapore ($61.5M).
Growth: In July 2020, the decrease in Integrated Circuits's year-by-year exports was explained primarily by a decrease in exports to Singapore ($-73.2M or -36.4%), Netherlands ($-32.1M or -36.1%), and Germany ($-23.8M or -33%). In July 2020, the increase in Integrated Circuits's year-by-year imports was explained primarily by an increase in imports from Chinese Taipei ($43.8M or 27.1%), United States ($28.3M or 35.7%), and South Korea ($11.4M or 21.9%).