Philippines / Italy

Overview In August 2024, Philippines exported $15.5M and imported $85.6M from Italy, resulting in a negative trade balance of $70.1M. Between August 2023 and August 2024 the exports of Philippines have decreased by $-4.71M (-23.3%) from $20.2M to $15.5M, while imports increased by $2.89M (3.49%) from $82.7M to $85.6M.

Trade In August 2024, the top exports of Philippines to Italy were Coconut Oil ($12.2M), Integrated Circuits ($2.08M), Jewellery ($1.98M), Electric Heaters ($1.53M), and Air Pumps ($1.05M). In August 2024 the top imports of Philippines from Italy were Integrated Circuits ($14.2M), Commodities not elsewhere specified ($5.91M), Packaged Medicaments ($4.19M), Trunks and Cases ($3.94M), and Jewellery ($2.98M).

Growth In August 2024, the decrease in Philippines's year-by-year exports to Italy was explained primarily by an decrease in product exports in Coconut Oil ($-7.5M or -38.1%), Processed Fish ($-1.42M or -90%), and Commodities not elsewhere specified ($-594k or -46.3%). In August 2024, the increase in Philippines's year-by-year imports  from Italy was explained primarily by an increase in product imports  in Integrated Circuits ($3.35M or 30.7%), Semiconductor Devices ($2.02M or 231k%), and Trunks and Cases ($1.92M or 95.3%).