Philippines / Mexico

Overview In June 2024, Philippines exported $73.2M and imported $26.9M from Mexico, resulting in a positive trade balance of $46.4M. Between June 2023 and June 2024 the exports of Philippines have increased by $4.07M (5.89%) from $69.2M to $73.2M, while imports decreased by $-18.8M (-41.2%) from $45.7M to $26.9M.

Trade In June 2024, the top exports of Philippines to Mexico were Integrated Circuits ($19.4M), Industrial Printers ($8.85M), Electrical Transformers ($4.81M), Semiconductor Devices ($3.96M), and Commodities not elsewhere specified ($2.66M). In June 2024 the top imports of Philippines from Mexico were Copper Ore ($24.4M), Computers ($3.91M), Cars ($3.11M), Other Coloring Matter ($2.69M), and Telephones ($2.07M).

Growth In June 2024, the increase in Philippines's year-by-year exports to Mexico was explained primarily by an increase in product exports in Electrical Transformers ($4.07M or 548%), Semiconductor Devices ($3.38M or 579%), and Industrial Printers ($2.16M or 32.3%). In June 2024, the decrease in Philippines's year-by-year imports  from Mexico was explained primarily by an decrease in product imports  in Video and Card Games ($-1.3M or -82.5%), Packaged Medicaments ($-534k or -62.9%), and Blank Audio Media ($-530k or -99.8%).