Packaged Medicaments in   Philippines

Overview In July 2024 Philippines' Packaged Medicaments exports accounted up to $1.85M and imports accounted up to $149M, resulting in a negative trade balance of $147M. Between July 2023 and July 2024 the exports of Philippines'   Packaged Medicaments have decreased by $-3.29M (-64%) from $5.14M to $1.85M, while imports decreased by $-15.5M (-9.46%) from $164M to $149M.

Destinations In July 2024, Packaged Medicaments were exported mostly to Vietnam ($420k), United Arab Emirates ($204k), Australia ($199k), Japan ($158k), and Oman ($123k), and were imported mostly from India ($31.7M), Germany ($12.1M), Italy ($12.1M), China ($10.7M), and Indonesia ($9.74M).

Growth In July 2024, the decrease in Packaged Medicaments's year-by-year exports was explained primarily by a decrease in exports to Singapore ($-550k or -65.8%), Thailand ($-492k or -37.9%), and Australia ($-236k or -52.8%). In July 2024, the decrease in Packaged Medicaments's year-by-year imports was explained primarily by a decrease in imports from Indonesia ($-6.27M or -54.7%), China ($-6.06M or -55.9%), and United Kingdom ($-4.28M or -56.4%).