According to Philippines Import Data provided by Import Globals, the total import of the Philippines in 2023 was accounted at USD 117 billion which is a significant rise from USD 105 billion in the previous year. The country shows the growth rate of 11% in the trade industry of Philippines.

What Are the Top 10 Importing Products by Philippines in 2023?

You can check the list of top 10 Philippines importers according to the latest Philippines Import Data.

1. Electronic Products - Electronics continue to dominate as the Philippines' top imported
product, with a total value of $27.8 billion in 2023. This includes items such as mobile phones, computers, and other electronic components.

Que. What is the HS Code of Mobile Phones and Computers ?
Ans. The HS Code Classification of Mobiles Phones and computers are HS Codes – 85, 8517, 84, 8471 and more

2. Mineral Fuels - With an import value of $18 billion, mineral fuels are another major import product for the Philippines. These include petroleum oils, coal, and natural gas.Machinery and Mechanical Appliances - In line with its growing industrial sector, machinery and mechanical appliances were also among the top imports at $12 billion. This category includes items like engines, pumps, and turbines.

Que. What is the HS Code of Mineral fuels?
Ans. The HS Code Classification of Mineral Fuels are HS Codes – 27, 2701, 2709, 2713 and more

4. Iron and Steel - The demand for iron and steel in construction projects has led to an import value of $7 billion in 2023. China remains the largest source country for these products.

Que. What is the HS Code of Iron and Steel?
Ans. The HS Code Classification of Iron and Steel are HS Codes – 72, 73, 7216, 7217, 7204, 7323, 7305 and more

5. Plastics - With a total value of $6 billion, plastics are also among the top imported products of 2023 in the Philippines. These include plastic articles for packaging or construction materials.

Que. What is the HS Code of Plastics and articles?
Ans. The HS Code Classification of Plastics and articlesare HS Codes – 39, 3917, 3923, 3926, 3901, 3904 and more

6. Gems and Precious Metals - The importation of gems and precious metals amounted to $5 billion in 2023 due to their high demand in jewelry making and other luxury goods industries.

Que. What is the HS Code of Gems and Precious Metals?
Ans. The HS Code Classification of Plastics and articles are HS Codes – 71, 7103 and more

7. Electrical Machinery - Another key category within electronics is electrical machinery with a total import value of $4 billion in 2023.This category includes items such as generators, transformers,and switchboards.

Que. What is the HS Code of Electrical Machinery?
Ans. The HS Code Classification of Electrical Machinery are HS Codes – 84, 85, 8487, 8543, 8548 and more

8. Optical Instruments – With advancements made possible by technology, the Philippines has also seen a rise in the importation of optical instruments such as lenses, glasses, and cameras with a total value of $3 billion.

Que. What is the HS Code ofOptical Instruments?
Ans. The HS Code Classification of Optical Instruments are HS Codes –90, 9031 and more.

9. Aircrafts and Spacecrafts - The demand for air travel and cargo transport has led to an increase in the importation of aircraft and spacecraft equipment at a value of $2.5 billion.

Que. What is the HS Code of Aircrafts and spacecrafts?
Ans. The HS Code Classification of Aircrafts and spacecrafts are HS Codes – 88, 8803, 8806 and more.

10. Vehicles – Vehicles have become more accessible to Filipinos with a total import value of $2 billion in 2023. This category includes passenger cars and motorized vehicles used for transportation.

Que. What is HS Code of Vehicles?
Ans. The HS Code classification of Vehicles HS Codes- 87, 8701, 8702, 8703 and more

Que. Who are the Philippines top Import Trading Partners ?
Ans. You can check the list of top 10 Philippines import trading partners according to the latest Philippines Import Statistics.

FREQUENTLY ASKED QUESTIONS

Que. Does Philippines Import increases in the year 2023?

Ans. Yes, Philippines economy has been increasing steadily with a significant improvement in

       the country’s Imports.

Que. Does Philippines Import Data covers all mode of transportations?

Ans.  Yes, Philippines Import Data covers all Sea, Air and Land mode of transportations?

Que. How latest is the Philippines Import Trade Data at Import Globals?

Ans. Philippines Import updates every month and it has fastest updating time-line.

Que. Which productsare highly imported by Philippines in the recent year?

Ans. The top imported products by Philippines are Mobiles Phones, Computers, Mineral Fuel

       and Machineries.

Que. Who is the top import trading partner of Philippines recently?

Ans. China is the leading import trading partners in the recent year with a value of US$25 Billion.