Overview In April 2021 Philippines exported $5.78B and imported $9.38B, resulting in a negative trade balance of $3.6B. Between April 2020 and April 2021 the exports of Philippines have increased by $2.95B (104%) from $2.83B to $5.78B, while imports increased by $5.89B (169%) from $3.49B to $9.38B.
Trade In April 2021, the top exports of Philippines were Integrated Circuits ($1.34B), Commodities not elsewhere specified ($728M), Computers ($238M), Insulated Wire ($223M), and Refined Copper ($203M). In April 2021 the top imports of Philippines were Commodities not elsewhere specified ($947M), Refined Petroleum ($661M), Integrated Circuits ($659M), Telephones ($258M), and Office Machine Parts ($188M).
Destinations In April 2021, Philippines exported mostly to China ($966M), United States ($873M), Japan ($829M), Hong Kong ($736M), and Singapore ($317M), and imported mostly from China ($2.37B), Japan ($955M), United States ($676M), Indonesia ($660M), and South Korea ($593M).
Growth In April 2021, the increase in Philippines's year-by-year exports was explained primarily by an increase in exports to China ($560M or 138%), United States ($551M or 171%), and Japan ($463M or 126%), and product exports increase in Integrated Circuits ($455M or 51.2%), Commodities not elsewhere specified ($420M or 136%), and Insulated Wire ($197M or 743%). In April 2021, the increase in Philippines's year-by-year imports was explained primarily by an increase in imports from China ($1.59B or 205%), Japan ($574M or 150%), and Indonesia ($494M or 296%), and product imports increase in Refined Petroleum ($606M or 1.11k%), Commodities not elsewhere specified ($375M or 65.5%), and Integrated Circuits ($207M or 45.7%).