Commodities not elsewhere specified in   Philippines

Overview In August 2021 Philippines' Commodities not elsewhere specified exports accounted up to $818M and imports accounted up to $1.17B, resulting in a negative trade balance of $356M. Between August 2020 and August 2021 the exports of Philippines'   Commodities not elsewhere specified have increased by $125M (17.9%) from $694M to $818M, while imports increased by $247M (26.7%) from $927M to $1.17B.

Destinations In August 2021, Commodities not elsewhere specified were exported mostly to Singapore ($165M), Hong Kong ($164M), United States ($156M), China ($78M), and Germany ($43.3M), and were imported mostly from South Korea ($395M), China ($230M), Japan ($111M), Chinese Taipei ($101M), and Singapore ($66.9M).

Growth In August 2021, the increase in Commodities not elsewhere specified's year-by-year exports was explained primarily by an increase in exports to South Korea ($104M or 720%), United States ($67.3M or 53.4%), and Hong Kong ($43.3M or 98.7%). In August 2021, the increase in Commodities not elsewhere specified's year-by-year imports was explained primarily by an increase in imports from China ($85.3M or 78.7%), Singapore ($25.3M or 44.9%), and Germany ($12M or 49.2%).