China / Philippines

Overview In September 2024, China exported $3.87B and imported $1.8B from Philippines, resulting in a positive trade balance of $2.07B. Between September 2023 and September 2024 the exports of China have decreased by $-364M (-8.59%) from $4.23B to $3.87B, while imports decreased by $-2.94M (-0.16%) from $1.8B to $1.8B.

Trade In September 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 September 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 September 2024 the exports of China were mainly from Guangdong Province ($931M), Zhejiang Province ($636M), Fujian Province ($461M), Jiangsu Province ($424M), and Shandong Province ($313M), while imports destinations were mainly Guangdong Province ($808M), Shanghai Province ($191M), Jiangsu Province ($175M), Shandong Province ($125M), and Zhejiang Province ($120M).

Growth In September 2024, the decrease in China's year-by-year exports to Philippines was explained primarily by an decrease in product exports in Telephones ($-102M or -62.1%), Computers ($-47.3M or -51.7%), and Light Pure Woven Cotton ($-39.4M or -82.1%). In September 2024, the decrease in China's year-by-year imports  from Philippines was explained primarily by an decrease in product imports  in Integrated Circuits ($-164M or -22.8%), Lignite ($-79.9M or -74%), and Office Machine Parts ($-76M or -60.5%).