Insights for Philippines

MoM insights: In January 2026, the Philippines experienced a month-on-month increase in trade values. Imports totaled 12.13 billion USD, reflecting a growth of 475.09 million USD, which is a 4.08% increase. The top three countries contributing to this growth were Japan (1.02 billion USD, +218.2 million USD, +27.14%), South Korea (1.31 billion USD, +210.25 million USD, +19.06%), and China (3.53 billion USD, +180.23 million USD, +5.38%). Conversely, the bottom three were Saudi Arabia (16.92 million USD, -251.33 million USD, -93.69%), France (100.77 million USD, -178.89 million USD, -63.97%), and Bulgaria (1.51 million USD, -72.61 million USD, -97.96%). Exports totaled 7.14 billion USD, with a modest increase of 116.69 million USD, or 1.66%. The leading contributors were South Korea (395.05 million USD, +120.26 million USD, +43.77%), Hong Kong (1.12 billion USD, +71.2 million USD, +6.73%), and Germany (337.06 million USD, +53.75 million USD, +18.9%). The bottom three were Japan (880.01 million USD, -98.56 million USD, -10.07%), China (705.74 million USD, -87.48 million USD, -10.96%), and Singapore (282.09 million USD, -48.24 million USD, -14.64%).

YoY insights: Year-on-year, the Philippines' imports in January 2026 reached 12.13 billion USD, showing a significant increase of 29.75 million USD, or 0.25%. The top contributors were South Korea (1.31 billion USD, +417.04 million USD, +46.53%), Australia (312.81 million USD, +85.84 million USD, +37.82%), and Japan (1.02 billion USD, +54.98 million USD, +5.67%). The bottom three were Saudi Arabia (16.92 million USD, -220.93 million USD, -92.67%), the United Arab Emirates (72.6 million USD, -138.89 million USD, -65.67%), and Canada (53.46 million USD, -109.43 million USD, -67.71%). Exports totaled 7.14 billion USD, with a notable increase of 771.3 million USD, or 12.11%. The leading countries were Hong Kong (1.12 billion USD, +400.03 million USD, +55.17%), South Korea (395.05 million USD, +132.37 million USD, +50.39%), and Chinese Taipei (324.1 million USD, +124.55 million USD, +62.42%). The bottom three were Australia (45.55 million USD, -117 million USD, -72.24%), Japan (880.01 million USD, -66.05 million USD, -6.97%), and Ireland (9.77 million USD, -33.56 million USD, -77.44%).