Philippines / Russia

Overview In August 2024, Philippines exported $4.06M and imported $1.65M from Russia, resulting in a positive trade balance of $2.41M. Between August 2023 and August 2024 the exports of Philippines have decreased by $-842k (-17.2%) from $4.9M to $4.06M, while imports decreased by $-35.8M (-95.6%) from $37.5M to $1.65M.

Trade In August 2024, the top exports of Philippines to Russia were Vegetable Saps ($1.09M), Rubber Tires ($506k), Optical Fibers and optical fibre bundles ($289k), Other Office Machines ($253k), and Non-Retail Synthetic Staple Fibers Yarn ($139k). In August 2024 the top imports of Philippines from Russia were Semiconductor Devices ($3.65M), Processed Tobacco ($1.67M), Detonating Fuses ($913k), Newsprint ($177k), and Buckwheat ($85.5k).

Growth In August 2024, the decrease in Philippines's year-by-year exports to Russia was explained primarily by an decrease in product exports in Coconuts, Brazil Nuts, and Cashews ($-1.23M or -91.5%), Rubber Tires ($-59k or -10.4%), and Other Edible Preparations ($-51.3k or -66.1%). In August 2024, the decrease in Philippines's year-by-year imports  from Russia was explained primarily by an decrease in product imports  in Non-fillet Frozen Fish ($-186k or -72.1%) and Non-Knit Women's Suits ($-34.1k or -98%).