Commodities not elsewhere specified in   Philippines

Overview In August 2024 Philippines' Commodities not elsewhere specified exports accounted up to $671M and imports accounted up to $848M, resulting in a negative trade balance of $178M. Between August 2023 and August 2024 the exports of Philippines'   Commodities not elsewhere specified have decreased by $-100M (-13%) from $771M to $671M, while imports increased by $36.6M (4.51%) from $812M to $848M.

Destinations In August 2024, Commodities not elsewhere specified were exported mostly to United States ($155M), Hong Kong ($128M), Singapore ($93.8M), Germany ($43.8M), and China ($32M), and were imported mostly from South Korea ($248M), China ($180M), Japan ($85.7M), Chinese Taipei ($85.2M), and United States ($50.6M).

Growth In August 2024, the decrease in Commodities not elsewhere specified's year-by-year exports was explained primarily by a decrease in exports to United States ($-48.8M or -37.8%), Singapore ($-24.1M or -16.8%), and United Kingdom ($-15.9M or -81.3%). In August 2024, the increase in Commodities not elsewhere specified's year-by-year imports was explained primarily by an increase in imports from Malaysia ($11.2M or 27.2%), United States ($10.6M or 21.4%), and Bulgaria ($2.02M or 129%).