Philippines / Luxembourg

Overview In July 2024, Philippines exported $732k and imported $178k from Luxembourg, resulting in a positive trade balance of $555k. Between July 2023 and July 2024 the exports of Philippines have increased by $500k (215%) from $233k to $732k, while imports decreased by $-59.7k (-25.2%) from $237k to $178k.

Trade In July 2024, the top exports of Philippines to Luxembourg were Imitation Jewellery ($595k), Integrated Circuits ($296k), Trunks and Cases ($57.5k), Medical Instruments ($19k), and Non-Knit Active Wear ($5.11k). In July 2024 the top imports of Philippines from Luxembourg were Glass Beads ($27.4k), Other Measuring Instruments ($22.1k), Machinery Having Individual Functions ($7.87k), Rubberworking Machinery ($3.58k), and Imitation Jewellery ($2.97k).

Growth In July 2024, the increase in Philippines's year-by-year exports to Luxembourg was explained primarily by an increase in product exports in Imitation Jewellery ($361k or 154%), Trunks and Cases ($56.5k or 5.47k%), and Aircraft parts (gliders, balloons, and powered... ($3.98k or 405%). In July 2024, the decrease in Philippines's year-by-year imports  from Luxembourg was explained primarily by an decrease in product imports  in Rubberworking Machinery ($-35.9k or -90.9%), Imitation Jewellery ($-26.7k or -90%), and Valves ($-16.4k or -89.6%).