Philippines / Canada

Overview In August 2024, Philippines exported $50.6M and imported $76M from Canada, resulting in a negative trade balance of $25.4M. Between August 2023 and August 2024 the exports of Philippines have decreased by $-2.96M (-5.53%) from $53.6M to $50.6M, while imports decreased by $-37.7M (-33.1%) from $114M to $76M.

Trade In August 2024, the top exports of Philippines to Canada were Insulated Wire ($13.3M), Integrated Circuits ($2.25M), Rubber Tires ($1.53M), Trunks and Cases ($1.44M), and Baked Goods ($1.36M). In August 2024 the top imports of Philippines from Canada were Wheat ($24.9M), Potassic Fertilizers ($13.5M), Sawn Wood ($10.5M), Coin ($7.21M), and Pig Meat ($3.82M).

Growth In August 2024, the decrease in Philippines's year-by-year exports to Canada was explained primarily by an decrease in product exports in Coconuts, Brazil Nuts, and Cashews ($-1.25M or -77.9%), Industrial Printers ($-1.06M or -71.9%), and Integrated Circuits ($-1.01M or -31%). In August 2024, the decrease in Philippines's year-by-year imports  from Canada was explained primarily by an decrease in product imports  in Wheat ($-6.64M or -21%), Sawn Wood ($-5.24M or -33.4%), and Other Edible Preparations ($-4.02M or -62.5%).