As per our latest Philippines Import Data of 2021, the Philippines imported goods worth $127.18 Billion. Philippines shipments record suggests that it made a total of 6,492,799 shipments in 2021. The Philippines was ranked 33rd on the list of world’s top importers.
The World Bank Report states that the Philippines' GDP was around $394 Billion in 2021. It is the 32nd largest economy in terms of GDP share. The Philippines relies mainly on imports to sustain its population of 110.8 million.
Philippines Import Shipments data suggests that Electrical, Mineral Oils, Computers, and Vehicles are its main imports. China is the leading exporter to the Philippines followed by Japan and South Korea. A Philippines Trade data can help you minimise financial risk and generate more profit from the Philippines Market.
Exim Trade Data provides well-researched Philippines Import Statistics based on current transactions, invoices, bills of lading, and customs and shipping details. Get detailed market insights with accurate Philippines Trade Data.
It gives you a statistical analysis of current market trends and your competitors. You can find genuine importers and buyers from our Vietnam Importers database. It’s a great tool to grow your business in the Vietnam Market.
You can download free Sample Philippines Import Data by HS Code, Country Name, Buyer Name, Product Name, Unit, Price, Importer Name, Port of Loading/Unloading, and Shipping information.
|HS Code :||27101943000|
|Product Details||Base Oil Bs150/ Base Oil Sn500- Other Lubricating Oil|
|Quantity Unit :||Litre (1 dm3)|
|Country of Origin :||Thailand|
|Country of Destination :||Philippines|
|Port :||Manila Int'l Container Port|
According to Philippines Import Statistics, Philippines top 10 import commodities in 2021 were Electronic IC’s (5.01%), Copper, ores, concentrates (2.55%), Base Oil (2.52%), Processors, Controllers (2.50%), Electronic IC’s : parts (2.46%), Coking Coal (1.95%), Computer parts (1.78%), Vaccines, Human Medicine (1.15%), Petroleum Oils (1.33%), and Soya bean Meal (1.05%).
Based on Philippines Traders Data, the top 10 product imports by Philippines shared an import value of $102.45 Billion along with a 28.75% share of total imports. You will find more detailed statistics of Philippines major imports products by HS Code, Total Import Value, and Total Import Share in the table given below:
Philippines Customs Shipment Data suggests that the Philippines mostly imports from China and Japan. In terms of total Import share, Philippines Top Import Trading Partners in 2021 were China (21.94%), Japan (9.3%), South Korea (7.56%), Indonesia (7.26%), The United States of America (6.5%), Singapore (5.71%), Thailand (5.64%), Taiwan (4.73%), Malaysia (4.41%) and Vietnam (3.47%).
The total import value for Philippines Largest Trading Partners was around $100.78 Billion with a total import share of 76.52%. In the chart mentioned below, we have provided a detailed analysis of the Philippines top 10 trading partners based on total import value and total import share.
The Philippines is highly dependent on its imports in order to sustain rising consumer demands across the country. The country is going through development in its infrastructure and supply chain facilities. Currently it has 821 ports to carry out large scale imports. Here, we have shared some of the major sea ports in the Philippines accounting for maximum year-wise shipments.
According to Philippines Buyers Data, Acbel Polytech Philippines and Aruze G A Philippines were the top importers of Philippines in 2021 with a total share of 5.84% imports. Here we have presented the Top Buyers List of Philippines based on our latest Philippines Custom Import Data.