Insights for Philippines

MoM insights: In April 2026, the Philippines experienced notable changes in trade values. For imports, the top three countries with the highest value changes were the United Arab Emirates (up by 362.08M USD, a 45.07% increase), China (up by 325.66M USD, a 0.09% increase), and Egypt (up by 276.53M USD, a staggering 351.1% increase). Conversely, the lowest changes were seen with Russia (down by 174.37M USD, a 95.87% decrease), Thailand (down by 163.11M USD, a 25.31% decrease), and Indonesia (down by 154.33M USD, a 15.63% decrease). For exports, Italy led with an increase of 20.7M USD (a 57.30% increase), followed by Spain (up by 20.51M USD, a 92.96% increase), and Turkey (up by 15.49M USD, a 57.36% increase). The lowest changes in exports were from Hong Kong (down by 388.55M USD, a 29.82% decrease), Chinese Taipei (down by 155.86M USD, a 39.64% decrease), and the United States (down by 107.97M USD, a 7.69% decrease). Overall, total imports increased by 71.31M USD (0.51%), while total exports decreased by 983.43M USD (-12.00%).

YoY insights: Year on year, imports from China saw the highest increase of 843.11M USD (25.69%), followed by South Korea with an increase of 649.29M USD (66.98%), and Malaysia with 379.76M USD (85.76%). The lowest changes were from Thailand (down by 157.52M USD, a 24.63% decrease), Vietnam (down by 69.21M USD, a 12.15% decrease), and Kuwait (down by 68.15M USD, a 99.99% decrease). In terms of exports, the United States had the highest increase of 265.02M USD (25.72%), followed by China with 224.41M USD (32.95%), and Malaysia with 93.93M USD (50.05%). The lowest changes were from Canada (down by 408.87M USD, a 85.41% decrease), Vietnam (down by 80.44M USD, a 46.11% decrease), and Thailand (down by 18.22M USD, a 8.12% decrease). Overall, total imports increased by 2.6B USD (22.91%), while total exports increased by 424.37M USD (6.26%).