Philippines / Germany

Overview In June 2024, Philippines exported $181M and imported $175M from Germany, resulting in a positive trade balance of $6.25M. Between June 2023 and June 2024 the exports of Philippines have decreased by $-32.5M (-15.2%) from $214M to $181M, while imports decreased by $-14.3M (-7.54%) from $189M to $175M.

Trade In June 2024, the top exports of Philippines to Germany were Integrated Circuits ($70.9M), Commodities not elsewhere specified ($37.8M), Industrial Printers ($22.2M), Semiconductor Devices ($14.5M), and Electrical Capacitors ($12.4M). In June 2024 the top imports of Philippines from Germany were Planes, Helicopters, and/or Spacecraft ($77.9M), Commodities not elsewhere specified ($36.7M), Packaged Medicaments ($12.7M), Integrated Circuits ($5.52M), and Vaccines, blood, antisera, toxins and cultures ($5.51M).

Growth In June 2024, the decrease in Philippines's year-by-year exports to Germany was explained primarily by an decrease in product exports in Computers ($-11.5M or -57.5%), Integrated Circuits ($-5.06M or -6.67%), and Video Displays ($-3.83M or -39.7%). In June 2024, the decrease in Philippines's year-by-year imports  from Germany was explained primarily by an decrease in product imports  in Sawn Wood ($-7.47M or -77.7%), Vaccines, blood, antisera, toxins and cultures ($-5.57M or -50.3%), and Commodities not elsewhere specified ($-2.47M or -6.32%).