Philippines / Belgium

Overview In June 2024, Philippines exported $14.5M and imported $37.2M from Belgium, resulting in a negative trade balance of $22.6M. Between June 2023 and June 2024 the exports of Philippines have decreased by $-7.24M (-33.3%) from $21.8M to $14.5M, while imports increased by $1.1M (3.05%) from $36M to $37.2M.

Trade In June 2024, the top exports of Philippines to Belgium were Commodities not elsewhere specified ($3.23M), Raw Tobacco ($1.56M), Trunks and Cases ($1.29M), Baked Goods ($1.11M), and Shaving Products ($1.04M). In June 2024 the top imports of Philippines from Belgium were Commodities not elsewhere specified ($5.56M), Other Frozen Vegetables ($3.8M), Concentrated Milk ($3.61M), Packaged Medicaments ($3.23M), and Animal Meal and Pellets ($2.66M).

Growth In June 2024, the decrease in Philippines's year-by-year exports to Belgium was explained primarily by an decrease in product exports in Integrated Circuits ($-12.2M or -96.4%), Raw Tobacco ($-1.73M or -52.7%), and Commodities not elsewhere specified ($-1.58M or -32.8%). In June 2024, the increase in Philippines's year-by-year imports  from Belgium was explained primarily by an increase in product imports  in Other Frozen Vegetables ($2.92M or 335%), Milk ($1.27M or 1.01k%), and Fermented Milk Products ($1.03M or 160%).