Key Highlights
The Philippines imports a lot of commodities due to geography and poor domestic production.
Based on Philippines import data, the Philippines imported US$159.29 billion in goods in 2023.
Major imports include agricultural items, minerals, energy, transportation equipment, and metals.
The Philippines' primary import partners include China, Indonesia, Japan, South Korea, and the United States.
Top importers in the Philippines include Nike Philippines, Johnson & Johnson, Shin Etsu Magnetics, Trans Tec Intl, and Bakels Philippines.
The Philippines, a South Asian country, is known for its scenic beauty and numerous beaches. Lakhs of tourists head to the Philippines every year to witness its beauty. Apart from its natural beauty, the Philippines is blessed with natural resources too. Despite being a small country, its import value is very high. In 2023, the Philippines imported goods worth US$159.29 billion.
In addition, the most typically imported goods include integrated circuits, petroleum liquids, coal, pharmaceutical products, and automobiles. Its key import partners include China, Indonesia, Japan, South Korea, and the United States, and major importers in the Philippines are Nike Philippines, Inc., Johnson & Johnson, Inc., Trans Tec Intl., and Mktg Phils, Inc. In this blog post, we will discuss the top importers in the Philippines and the products that are majorly imported in the Philippines.
The Philippines, an exquisite island nation, is dependent on imports for a variety of reasons. One key consideration is geography. As an archipelago, the Philippines lacks the vast tracts of land needed for large-scale agriculture. Rice, a mainstay in Filipino cuisine, is particularly difficult to farm. While the Philippines produces a significant amount of food, it is insufficient to meet overall demand.
However, the Philippines imports a wide range of items, including food and raw resources. As recent events have shown, relying on imports can be risky. The Philippines intends to increase agricultural self-sufficiency, but this would require time and significant expenditure.
Here are the facts about Philippines imports
The Philippines majorly imports products related to agriculture, minerals, fuels, transport equipment, and metals like iron and ore.
As per the most recent Philippines import data, the Philippines is 34th globally regarding imports.
In 2023, the Philippines imported goods worth US$159.29 billion.
The Philippines has relied on imports for food grains for decades rather than growing in its own country. The Philippines imports rice and other food grains in very high quantities.
The percentage of imported goods from the Philippines was 65.9 percent of total international trade.
Also Know: Philippines top 10 exports in 2024
Now. locate the top importers in the Philippines!
Here is the list of active importers in the Philippines who play a dominant role in the overall imports of the country.
Nike Philippines serves sports enthusiasts and athletes with a wide range of products tailored for sports and athlete activities.
Also, it is considered one of the top importers in the philippines. It imports materials and semi-finished goods from various countries.
Thailand is the nation from which Nike Philippines imports the majority of its goods.
They import goods worth roughly $65,000 from Thailand.
The goods that Nike Philippines imports are designated by the HS codes 61034300000, 61045300000, and 61099020000. The unloading port is Manila International Port.
It is a subsidiary company of the global healthcare brand, Johnson & Johnson. Also, known as the biggest importers in the Philippines.
Its main importer is Malaysia, where Johnson & Johnson Philippines buys semi-finished and finished products to meet the domestic demand of the Philippines.
They bring in about 70,000 USD worth of goods from Malaysia every year.
The products that Johnson & Johnson Philippines, Inc. imports have the HS codes 34013000000, 33049930000, and 33051090000. The Port of Manila is the port where unloading occurs.
Shin Etsu Magnetics Philippine Inc. is the subsidiary company of Shin Etsu Chemical Co. Ltd., the leading importer in the Philippines.
Shin Etsu Magnetics Philippines, Inc. manufactures and supplies magnetic products like rare-earth magnets, ferrite magnets, etc.
They import goods worth around 33,00,000 USD from Malaysia every year.
The HS codes of most imported products are 85051900000 and 85051100000. The port where unloading takes place for this import batch is Manila Int'l Container Port.
Trans tec International Marketing Philippines Inc. is a Philippines-based company engaged in the marketing and distribution of technological and electronic products.
They are under top importers of the Philippines. They import electronics products worth roughly of 55,000 USD from South Korea every year
The HS codes of majorly imported products are 85149090000, 85044040000, and 84212119000.
AVSC designs and implements high-quality audio and video technological software to meet the client’s needs.
To meet the requirements of their production, AVSC imports raw materials, semi-fishes, and finished products like dual channel wireless microphones, gravity MS microphone systems, road jack 10 loudspeakers, and much more.
They are one of the top Philippines importers, importing electronics products worth more than 90,000 USD from China. Every year.
The HS codes of commonly imported products are 851810900000 and 85182290000.
Bakels Philippines is the dominant layer in the bakery ingredient market in the Philippines and is considered one of the top importers in the Philippines.
They import cake decoration items and raw materials to prepare cake mix, bread mix, chocolate compound, and many other items related to the bakery.
They are the biggest importers of products related to baking.
They import goods worth at least 1,00,000 USD from various countries like Switzerland, Sweden, and China.
The HS codes of commonly imported products, Inc. 021020000, 39232119000, and 21021000000. Manila International Container Port is the port where unloading occurs.
HP PPS Philippines Inc. is the subsidiary company of HP Inc., a multinational technology company that originated in the USA.
They are the prime importers in the Philippines of semi-finished and finished products related to laptops, laserjet printers, and the Elitebook series.
They import goods worth around 2,00,000 USD from Vietnam, China, and Malaysia.
The HS codes of commonly imported products are 84433239000, 84439990000, and 84439920000.
Jejors Construction Corporation is a Philippines-based construction company.
They are the prime importers of goods related to the manufacturing and construction of buildings.
They import goods valued at around 60,000 USD. The HS Codes of the most common imported products are 84295200000, 84295200000, and 84791010000.
This company uses the sub-port of MCT-Phividec to import the goods.
It is a subsidiary of Amkor Technologies, a USA-based company that provides semiconductor packaging and text services worldwide.
It imports silicon wafers, die wafers, and wafers of a few more kinds in very high quantities, which makes it one of the prime importers of the Philippines.
They import goods valued at 55,000 USD from the USA and Ireland.
The HS codes of the most common imported products are 85411000000, 85411000000, and 85411000000.
Rikio Southeast Asia Inc. is a subsidiary of Rikio Co., a Japanese company known for its specialised and traditional footwear.
It is considered as the foremost importers list in the Philippines.They import raw materials, which are used to make footwear like bond ace, spun yarn, and PVC cutting board.
They import goods worth around 50,000 USD every year from South Asian countries like China, Pakistan, and South Korea.
The HS codes of the most common imported products are 39204900000, 52079000000, and 39201019000.
Now explore the list of Philippines' top import partners:
Here is the list of countries from where the Philippines imports products to meet local requirement.
|
Top Rank |
Philippines top Import Partners |
Philippines import data (Import Values) |
|
1 |
China |
29 billion US dollars |
|
2 |
Indonesia |
13.9 billion US dollars |
|
3 |
Japan |
13 billion US dollars |
|
4 |
Korea |
12.7 billion US dollars |
|
5 |
USA |
9.69 billion US dollars |
|
6 |
Singapore |
8.46 billion US dollars |
|
7 |
Thailand |
7.65 billion US dollars |
|
8 |
Malaysia |
6.68 billion US dollars |
|
9 |
Vietnam |
4.77 billion US dollars |
|
10 |
Other Asian nations |
7.09 billion US dollars |
So, these are the top 10 countries on which the Philippines’ imports rely. Also, if you need updated importers in Philippines, palm oil exporters Philippines, a BOC list of importers in the Philippines, or updated Philippines import data, connect with our dedicated platform today.
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The Final Words
In this blog, we mentioned the top importers in the Philippines. Apart from these, many more importers in the Philippines can match your requirements. Export import data helps you find genuine importers list in the Philippines.
Eximpedia is a prominent platform for getting genuine and highly customised export and import data. We provide shipment values, market insights, and competitor data to assist our clients in the best way. However, if you have any queries related to importer of record philippines, top importers in the Philippines, or need updated Philippines import data, connect with our data experts and enhance your trade business in the global market.
Frequently Asked Question's (FAQ's)
According to Philippines importers data, the top importers in the Philippines are: Nike Philippines, Johnson & Johnson, Shin Etsu Magnetics, Trans Tec Intl., and Bakels Philippines.
The list of food importers in the Philippines includes: Sysu International, which specializes in importing specific food categories. To know the exact food importers in the Philippines, please connect with our data-driven dashboard.
The list of motorcycle importers in the Philippines is:
Mitsukoshi Motors Phils Inc
Eastway Racing Company, Inc
Philippine Suntal Corporation
Cryztalize Industrial Equipment Tra
Chanzel Trading. Philippines
To find out a tire importers in the Philippines, please visit our data-driven dashboard and analyse the importers list in the Philippines, palm oil importer Philippine or tire importer Philippines.
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