Philippines Top 10 Imports in 2024

Key Highlights:

• In 2023, the Philippines exported $115.26 billion and imported $159.29 billion.

• The most prevalent imported goods are integrated circuits, petroleum fuels, coal, pharmaceuticals, and automobiles.

• Major import partners include China, Indonesia, Japan, Korea, the United States, Singapore, Thailand, other Asian countries, Malaysia, and Vietnam.

• Electronic integrated circuits, petroleum oils, coal, motor vehicles, optical and medical apparatus, pharmaceuticals, wheat, oil cake, parts and accessories, and electrical apparatus are the Philippines top 10 imports in 2024.

• The Philippines' biggest exports in 2024 will include electrical machines, mechanical goods, copper articles, optical and medical items, ores, fruits, animal and vegetable fats, plastic articles, autos, and precious metals.

The Philippines is a beautiful South Asian country that is surrounded by oceans all around. Due to its diverse ecosystems and geographical features, the Philippines is rich in natural resources and stunning attractions. Despite its size, it plays a major role in imports and exports. As per the report, the Philippines exported goods valued at $115.26 billion and imported goods valued at $159.29 billion in 2023.

However, the Philippines ranks 33rd in overall imports. The major commodities that the Philippines exports are electronic products, mineral products, ignition wiring, and agricultural products, while the major imported products in the Philippines are integrated circuits, petroleum oils, coal, pharmaceutical products, and motor vehicles.

So, what exactly are the top imports of the Philippines? In this blog, we will learn about  the Philippines top 10 imports, along with its top import partners and updated Philippines import data. 

Why does the Philippines rely on Imports?

The Philippines, an adorable island nation, relies on imports for a variety of reasons. One important factor is geography. As an archipelago, the Philippines lacks the huge tracts of land required for large-scale agriculture. It is especially hard to cultivate rice, which is a staple in the Filipino diet. While the Philippines produces a large proportion of its food, it is insufficient to meet overall demand.

Furthermore, urbanization has taken over areas that were previously utilized for agriculture, putting an additional burden on domestic output. This reliance on imports can be hazardous, as recent events have demonstrated. The Philippines is aiming to increase agricultural self-sufficiency, but this will take time and major investment. 

Let’s dive into the Philippines import data!

Philippines Import data:2023-24

Let’s explore the graphical representation for Philippines import data in 2023!

According to Philippines import data 2023-24, the country's import performance declined by 9.57% from January to October 2023, from US$116,083.29 million to US$104,974.10 million, compared to the same period the previous year.

Now, explore the table for Philippines customs data!

Source: Philippines Trade Statistics Authority

According to Philippines Importers Data, the country's imports in 2022 totaled approximately USD 10.26 billion. Electronic devices were the most imported products, totaling USD 2.42 billion.

The value of imported goods in the Philippines increased by $21 billion in 2022 (from $138 billion in 2021). Let's look at the Philippines' top import products and present a full study of import patterns for 2022-23. 

Now explore the Philippines top 10 imports for 2024!

Philippines Top Import Partners

Here is an updated list of 10 imported products in the Philippines.

The Philippines' biggest importing partners are heavily concentrated in Asian economies. China is the primary provider, with Indonesia, Japan, and South Korea playing major roles in delivering resources and technology.

Southeast Asian neighbours, like Thailand and Malaysia, contribute to regional trade. In addition, if you require up-to-date industry insights, such as the Philippines top 10 imports or Philippines importers statistics, contact Eximpedia.app. 

Now, look at the top 10 imported products in the Philippines!

Philippines Top 10 Imports products in 2024

Here is an updated list of 10 imported products in the Philippines.

1. Electronic integrated circuits

2. Petroleum oils 

3. Coal, and solid fuels manufactured from coal

4. Motor cars and other motor vehicles

5. Optical, photographic, and medical apparatus

6. Pharmaceutical products

7. Wheat and meslin

8. Oil cake and other solid residues

9. Parts and accessories

10. Electrical apparatus 

Let’s explore the table for the Philippines top 10 imports!

So, these are the Philippines top 10 imports in 2024. Electronic integrated circuits emerged as the top import products of the Philippines, with imports worth 11.8% . However, the other imported products in the Philippines are petroleum oils, coal, and solid fuels manufactured from coal, motor cars and other motor vehicles, optical, photographic, and medical apparatus.

Let’s uncover the list of the Philippines' top 10 exports!

Philippines top 10 exports in 2024

The list of the Philippines top exports includes: 

So, these are the Philippines top 10 exports in 2024. Electrical machines emerged as the top export product of the Philippines, with imports worth 11.8% . However, the other exported products in the Philippines are optical, medical items, ores, slag, and ash of products, fruits, nuts and melons, animal and vegetable fats and oils, plastic articles and automobiles

How to find imported products in the philippines?

If you need the updated Philippines top 10 imports, buyers list of the Philippines, and top 10 imported products in the Philippines, you first need to comprehend the complexity of global trade. 

China, as the biggest market, could be a potential destination for the top imports of the philippines. To efficiently import products into the Philippines, businesses must follow trade rules, understand market trends and HS codes, and be aware of the specific products imported.

To obtain correct Philippines import data, traders must first seek accurate and current import data from the best import export data provider, such as Eximpedia.app, and then acquire global trade data without delay.

Wind Up:

In conclusion, the Philippines Top 10 Imports offer an intriguing peek into a growing country. From crucial electronics to life-saving medications, the country's diverse import requirements reflect its continued expansion and development. 

We acquire significant insights into the Philippines' global market position by examining its major imports and trading partners. Please get in touch with Eximpedia.app if you have any questions about the Philippines top 10 imports, top imports of the Philippines, or Philippine customs data. 

Our dedicated experts will guide you to the best of their knowledge and experience. To schedule a free live demo, click here. We hope you found this look into the top 10 imported products in the Philippines landscape interesting. Thank you for reading!

Frequently Ask Question's (FAQ)

What are the biggest imports of the Philippines?

According to Philippines import data, electronic integrated circuits are the biggest imports of the Philippines. 

What are the top 10 products made in the Philippines?

 Based on Philippines customs data, the top 10 products made in the Philippines are:

1. Electrical machines and gadgets

2. Mechanical items, boilers, and nuclear reactors

3. Articles made from copper

4. Optical, medical items

5. Ores, slag, and ash of products 

6. Fruits, nuts and melons 

7. Animal and vegetable fats and oils

8. Plastic articles

9. Automobiles

10. Gold, diamonds, and silver

What do the Philippines import from India?

As per philippines import data, the top imported products in the Philippines are:

• Iron and steel

• Plastics

• Optical, photo, 

• Medical apparatus

• Essential oils, perfumes, 

• cosmetics, toileteries

What food products are imported in the Philippines?

Based on Philippines importers data, the top food imports from Philippinesines are:Wheat and meslin, Oil and cake 

What are the top import products of philippines?

According to Philippines import data, the Philippines top 10 imports are: 

• Electronic integrated circuits

• Petroleum oils 

• Coal, and solid fuels manufactured from coal

• Motor cars and other motor vehicles

• Optical, photographic, and medical apparatus

• Pharmaceutical products

• Wheat and meslin

• Oil cake and other solid residues

• Parts and accessories

• Electrical apparatus