Insights for Philippines

MoM insights: In the month-on-month analysis, imports from Japan saw the highest increase with a trade value of 1.02B, reflecting a significant value change of 249.76M (32.33% increase). South Korea followed closely with imports valued at 1.14B, increasing by 239.86M (26.52%). Vietnam also showed strong growth with imports of 713.97M, up by 229.57M (47.39%). On the lower end, imports from Hong Kong decreased to 146.67M, down by 40.44M (-21.61%). New Zealand's imports fell to 26.16M, a decrease of 25.42M (-49.27%). Papua New Guinea had the lowest imports at 5.73M, down by 12.36M (-68.33%). For exports, China led with 965.03M, an increase of 115.71M (13.62%). Italy's exports rose to 55.64M, up by 42.44M (321.39%). The Netherlands also saw a rise to 325.84M, increasing by 39.81M (13.92%). Conversely, exports to Hong Kong dropped to 1.1B, down by 93.42M (-7.84%). Japan's exports decreased to 885.79M, down by 93.21M (-9.52%). Switzerland's exports fell to 57.43M, down by 45.76M (-44.43%).

YoY insights: In the year-on-year analysis, imports from China showed the most significant growth, reaching 3.54B with a value change of 548.17M (18.35% increase). South Korea's imports increased to 1.14B, up by 329.5M (40.43%). Vietnam's imports also rose to 713.97M, increasing by 219.08M (44.27%). On the downside, imports from Australia fell to 218.81M, down by 313.86M (-58.92%). Indonesia's imports decreased to 884.96M, down by 292.85M (-24.83%). Brazil's imports dropped to 151.74M, down by 102.66M (-40.38%). For exports, Hong Kong led with 1.1B, increasing by 230.09M (26.53%). China's exports rose to 965.03M, up by 134.57M (16.16%). Chinese Taipei's exports increased to 317.29M, up by 125.45M (65.40%). On the lower end, exports to South Korea fell to 289.32M, down by 29.18M (-9.17%). Exports to Brunei dropped to 692.75K, down by 24.09M (-97.20%). Thailand's exports decreased to 222.36M, down by 23.22M (-9.43%).