Philippines / Hong Kong

Overview In July 2024, Philippines exported $745M and imported $198M from Hong Kong, resulting in a positive trade balance of $546M. Between July 2023 and July 2024 the exports of Philippines have decreased by $-57.5M (-7.16%) from $802M to $745M, while imports increased by $37.4M (23.2%) from $161M to $198M.

Trade In July 2024, the top exports of Philippines to Hong Kong were Integrated Circuits ($314M), Commodities not elsewhere specified ($84.8M), Gold ($35.3M), Semiconductor Devices ($25.1M), and Computers ($21.7M). In July 2024 the top imports of Philippines from Hong Kong were Integrated Circuits ($68.9M), Office Machine Parts ($49.7M), Commodities not elsewhere specified ($40.9M), Printed Circuit Boards ($9.46M), and Industrial Printers ($6.88M).

Growth In July 2024, the decrease in Philippines's year-by-year exports to Hong Kong was explained primarily by an decrease in product exports in Integrated Circuits ($-179M or -36.4%), Semiconductor Devices ($-7.6M or -23.2%), and Electrical Transformers ($-5.57M or -57.1%). In July 2024, the increase in Philippines's year-by-year imports  from Hong Kong was explained primarily by an increase in product imports  in Integrated Circuits ($19.7M or 40%), Base Metal Watches ($1.71M or 559%), and Blank Audio Media ($1.5M or 98.4%).