India / Philippines

Overview In August 2024, India exported $177M and imported $98.2M from Philippines, resulting in a positive trade balance of $79.2M. Between August 2023 and August 2024 the exports of India have increased by $24.3M (15.9%) from $153M to $177M, while imports decreased by $-45.4M (-31.6%) from $144M to $98.2M.

Trade In August 2024, the top exports of India to Philippines were Drug Formulations, Biologicals ($18.4M), Two And Three Wheelers ($17.7M), Buffalo Meat ($9.61M), Auto Tyres And Tubes ($6.15M), and Auto Components/Parts ($5.28M). In August 2024 the top imports of India from Philippines were Electronics Instruments ($8.32M), Computer Hardware, Peripherals ($7.84M), Organic Chemicals ($6.84M), Electronics Components ($6.03M), and Telecom Instruments ($5.87M).

Growth In August 2024, the increase in India's year-by-year exports to Philippines was explained primarily by an increase in product exports in Two And Three Wheelers ($5.91M or 50%), Indl. Machnry For Dairy Etc ($2.43M or 95.2%), and Cotton Yarn ($1.42M or 81.3%). In August 2024, the decrease in India's year-by-year imports  from Philippines was explained primarily by an decrease in product imports  in Inorganic Chemicals ($-10.4M or -89.5%), Ceramics And Allied Products ($-1.97M or -57.1%), and Paint, Varnish And Allid Prodc ($-1.65M or -55.7%).