Pharmaceutical products in   Philippines

Overview In July 2024 Philippines' Pharmaceutical products exports accounted up to $2.14M and imports accounted up to $213M, resulting in a negative trade balance of $211M. Between July 2023 and July 2024 the exports of Philippines'   Pharmaceutical products have decreased by $-3.03M (-58.5%) from $5.17M to $2.14M, while imports decreased by $-2.92M (-1.36%) from $216M to $213M.

Destinations In July 2024, Pharmaceutical products were exported mostly to Australia ($477k), Vietnam ($420k), United Arab Emirates ($207k), Japan ($158k), and Oman ($123k), and were imported mostly from India ($37.5M), United States ($20.3M), Germany ($19M), China ($17.1M), and Italy ($12.7M).

Growth In July 2024, the decrease in Pharmaceutical products's year-by-year exports was explained primarily by a decrease in exports to Singapore ($-550k or -65.8%), Thailand ($-492k or -37.9%), and Australia ($-236k or -52.8%). In July 2024, the decrease in Pharmaceutical products's year-by-year imports was explained primarily by a decrease in imports from United States ($-109M or -84.2%), South Korea ($-71.4M or -90.3%), and Belgium ($-65.9M or -95.1%).