Request a Demo
Request a Demo

Philippines Import Data

Export Data Import Data

Philippines Import Data

The Philippines has emerged as one of the fastest-growing economies in Southeast Asia due to its strategic location and abundance of natural resources it makes Philippines prime destination for international trader. In the year 2023, Philippines has maintained successfully its position in the top importers of the world. Philippines Import Ranks in 2023 has been recorded around 34th in the world. The further growth can be seen in the coming years with joint efforts of government policies, increasing foreign investments and skilled work force.  

Philippines population as a result of upward trend has been reached to 115 million in 2023. The constant increase in the population every year have a positive impact on the country’s economic growth and development. Growth in population increase the demand of consumer goods and services that leads to increase in products and employment opportunities.

Simultaneously with growing population the GDP of the Philippines has been increased steadily. In 2023, GDP of Philippines recorded $414 billion. The increase in the GDP is result of thriving industries such as manufacturing, agriculture and services sectors which aim at boosting economic development every year.

The top importing products of Philippines in 2023 are electronics integrated Circuits (ICs), various other electronic devices such as computers, smartphones and televisions. Another significant import includes refined petroleum products such as gasoline and diesel, which is highly important for the country transportation.

China export almost 26% of goods to Philippines and it makes Philippines top trading partner in import. Besides China other major trading partner includes Japan, South Korea, Thailand, and the United States.

Download Sample Report

Philippines Import Customs Trade Data Shows Top 10 Importing Products In 2023 – Analysis By Chapter

  • 25% - Electrical machinery, equipment value of US$ 31.1 billion
  • 12.4% -Mineral fuels including oil with a value of US$15.5 billion
  • 9.5% - Machinery including computers with a value of US$11.8 billion
  • 5.6% -Vehicles with a value of US$7 billion
  • 3.9% -Iron and steel with a value of US$4.9 billion
  • 3.5% Plastics, plastic articles with a value of US$4.4 billion
  • 2.8% Cereals with a value of US$ 3.4 billion
  • 3% - Pharmaceuticals with a value of US$3.7 billion
  • 2.6% -optical, technical, medical apparatus value of US$2.6 billion
  • 1.9% -Articles or iron and steel with a value of US$2.3 billion

Philippines Import Global Trade Data Shows Top 10
Trading Partners of Philippines

  • China with a share of 23.1% (20.9 billion US$)
  • Japan with a share of 9.6% (8.7 billion US$)
  • South Korea with a share of 7.7% (7.0 billion US$)
  • United States with a share of 7.9% (7.1 billion US$)
  • Indonesia with a share of 6.5% (5.8 billion US $)
  • Thailand with a share of 5.5% (4.9 billion US$)
  • Singapore with a share of 6.2% (5.6 billion US$)
  • Taipei, Chinese with a share of 5.3% (4.8 billion US$)
  • Malaysia with a share of 4.4% (4.0 billion US$)
  • Vietnam with a share of 3.4% (3.1 billion US$)

Philippines Import Data Sample

HOW IMPORT GLOBALS PHILIPPINES IMPORT DATA IS BENEFICIAL FOR BUSINESS GROWTH

 

It is very important for every business to get an accurate and detailed information of importing goods from one country to another. The reliable information of import export trade activity can be a game changer for your business. It helps in efficient business planning and allows to make informed decision about potential market of your product, where you can grow your business rapidly.

Import Globals provides detailed information of Philippines Import Trade by subscribing to Philippines Import Data you can get access to extensive detailed information on imports into Philippines market from the worldwide. Philippines Trade Data includes all major columns such as Importers company, Exporters company, Phone, Email address, Product Description, HS Code, FOB, CIF, Net Weight, Quantity, ports, Origin Country, etc. This data gives you well-rounded view of Philippines Import trade.

Philippines Import Customs Data is collected from the most authenticated documents such as Custom shipping bills, bill of entries, bill of lading, Custom Invoices etc.. It ensures the reliability of the data. Whether you are new player in the market or established company it is very necessary to get trustworthy information for business planning. Philippines Trade Statistics provided by Import Globals gives valuable insight into Philippines market to make informed decisions about potential partners.

Philippines Import Trade data covers all major ports in the country including Manila Port, Subic Bay Freeport Zone Port, Batangas Port, Cebu International Container Terminal (CICT), among others. By having access to port-specific data, businesses can gain insights into which ports are handling higher volumes of imports, allowing them to optimize their supply chain and reduce costs.

By using Philippines Import Shipment Data, you can stay ahead with market trends and competitors. You can save plenty of time and money in researching potential clients and market of your product. Not only time and money you can also increase the chance of successful business planning and dealing with the help of Philippines Trade Data. It is easier for companies to approach client and negotiate confidently by using Philippines Trade Statistics.

FIND OUT OTHER ASIA COUNTRIES IMPORT EXPORT DATA

Pakistan
China
Sri Lanka
Turkey
Uzbekistan
Vietnam

Ask for Philippines Import Sample Data and Demo

TOP