China / Philippines

Overview In October 2024, China exported $4.37B and imported $1.75B from Philippines, resulting in a positive trade balance of $2.62B. Between October 2023 and October 2024 the exports of China have increased by $177M (4.22%) from $4.2B to $4.37B, while imports decreased by $-90.9M (-4.93%) from $1.84B to $1.75B.

Trade In October 2024, the top exports of China to Philippines were Refined Petroleum ($423M), Large Coated Flat-Rolled Iron ($241M), Coated Flat-Rolled Iron ($223M), Rubber Footwear ($112M), and Other Small Iron Pipes ($104M). In October 2024 the top imports of China from Philippines were Integrated Circuits ($554M), Nickel Ore ($72.5M), Refined Copper ($68.4M), Semiconductor Devices ($66.5M), and Electrical Capacitors ($58.3M).

Origins In October 2024 the exports of China were mainly from Guangdong Province ($1.02B), Zhejiang Province ($704M), Jiangsu Province ($509M), Fujian Province ($484M), and Shandong Province ($332M), while imports destinations were mainly Guangdong Province ($703M), Shanghai Province ($260M), Jiangsu Province ($202M), Zhejiang Province ($121M), and Shandong Province ($91.3M).

Growth In October 2024, the increase in China's year-by-year exports to Philippines was explained primarily by an increase in product exports in Refined Petroleum ($367M or 647%), Large Coated Flat-Rolled Iron ($128M or 114%), and Coated Flat-Rolled Iron ($94.7M or 74%). In October 2024, the decrease in China's year-by-year imports  from Philippines was explained primarily by an decrease in product imports  in Integrated Circuits ($-164M or -22.8%), Lignite ($-79.9M or -74%), and Office Machine Parts ($-76M or -60.5%).