10 Largest Import Products of the Philippines

17 March 2018
Philippines Import Data

The Philippines imports in 2016 valued at USD 85908 million, which increased from the previous year. The country rank 34 in the world’s total imports, while its total imports rank 6 in the ASEAN region. Export Genius report on Philippines imports reveals that the country is the largest importer of electrical machinery & equipment under 2-digit level HS Code. And under 10-digit level HS Code, it imports parts of electronic integrated circuits & micro-assemblies. Let’s have in-depth analysis of Philippines major imports from Philippines import data recorded in year 2016.


Philippines Import Outlook of Last 5 Years


From 2012 to 2014, Philippines total imports stood well above USD 6 billion mark, which increased to above USD 7 billion in 2015. The figures further shoot up to USD 8.5 billion during 2016. Following chart and table shows Philippines import performance in the last 5 years.

 


Year

Value (USD Million)

2016

85908

2015

70153

2014

67718

2013

65705

2012

65349


10 Largest Import Products of the Philippines at 2-digit Level HS Code


According to the Philippines import data, the country imported electrical machinery & equipment the most under 2-digit level HS Code in 2016, which was followed by machinery, nuclear reactors, boilers, etc. and mineral fuels & oils. Below chart and table shows trade figures of top 10 import products of the Philippines recorded in the year 2016.


Chapter

Product Description

2016 Value (USD Million)

2016 Value (%)

85

Electrical Machinery & Equipment

20700

24.1%

84

Machinery, Nuclear Reactors, Boilers, etc.

11680

13.6%

27

Mineral Fuels & Oils

8377

9.75%

87

Vehicles Other Than Railway or Tramway

7607

8.86%

39

Plastics

3061

3.56%

72

Iron and Steel

3037

3.54%

88

Aircraft, Spacecraft & Parts

1816

2.11%

90

Optical, Photographic & Medical Equipment, etc.

1573

1.83%

10

Cereals

1464

1.7%

30

Pharmaceutical Products

1429

1.66%

 

Before analysing top 5 import products of the Philippines under 10-digit level HS Code, let’s just have a quick look at details that are covered in the Philippines import customs data of Export Genius.


             ·         Date of shipment

             ·         HS Code with description of product

             ·         Bill of Lading number

             ·         Philippines importer name

             ·         Foreign exporter name

             ·         Weight & value of shipment

             ·         Broker name

             ·         Port of entry & destination

             ·         Origin country


We at Export Genius provide actual shipment records of the Philippines imports. Our shipment data of the Philippines is based on customs-details that we receive from our valid sources. Now here is the analysis of the Philippines 5 largest import products at 10-digit level HS Code.


Analysis of the Philippines 5 Largest Import Products at 10-digit Level HS Code


A business intelligence report on the Philippines top imports shows that the country imported parts of electronic integrates circuits & micro-assemblies the most in year 2016. Let’s prepare a list of top 5 import items of the Philippines under 10-digit level HS Code.


Parts of Electronic Integrated Circuits & Micro-assemblies



Parts of electronic integrated circuits & micro-assemblies, which come under HS Code 85429010, stood as the largest import product of the Philippines in 2016. Its import value recorded USD 7267 million in the said year.


Parts & Accessories of Automatic Data Processing Machines



Parts & accessories of automatic data processing machines stood as the 2nd largest import product of the Philippines in 2016. It comes under HS Code 84733090. The country imported parts & accessories of automatic data processing machines worth USD 3062 million.


Crude Petroleum Oil



At 10-digit level HS Code, the Philippines imported crude petroleum oil at 3rd position, which amounted to USD 2853 million in 2016. This product comes under HS Code 27090010.


Electronic Integrated Circuits



Electronic integrated circuits, which come under HS Code 85422910, stood as the 4th largest import product of the Philippines in 2016. The country imported electronic integrated circuits worth USD 2534 million in the given year.


Medium Oils & Preparations of Petroleum or Bituminous Minerals



Among top list of imported products in the Philippines, medium oils & preparations of petroleum or bituminous minerals stood at 5th position. The import value of products under HS Code 27101933 recorded USD 1751 million in 2016.


Top 5 Philippines Trade Partners of Total Imports


In the list of largest trade partners of Philippines in imports, China stood at the top position during 2016, which contributed 18.5% share in the value total imports. It was followed by Japan, the United States of America, Thailand and Republic of Korea.  



Country

Value (USD Million)

Value (USD %)

China

15916

18.5%

Japan

10196

11.9%

United States of America

7680

8.9%

Thailand

6725

7.8%

Republic of Korea

5622

6.5%

 

Before buy our import data of Philippines on any product, check out the sample below to know data columns.


Date

02-Jan-17

HS Code

39019090000

Goods Description

Dowlex 2045.11g(Ethylene Octene Copolymer)

Philippines Importer Name

First Oriental Packaging INC

Foreign Exporter Name

Dowlex Chemical Pacific

Exporter Country

Singapore

Origin Country

Singapore

Gross Weight (KG)

25294.5

Net Weight (KG)

24750

Value (USD)

28957.5

Number of Packages

990

Type of Packages

BG

Broker Name

Ralph Opsima Abella

Bill of Lading Number

MOLU13302965294

Port of Entry

Port of Davao

Port of Destination

Port of Davao

Container Type

FCL

 


Our report on top 10 products imported by the Philippines helps you to get Philippines importers directory to make the right business deal.


To buy our market research report and data, e-mail us at info@exportgenius.in.


For any media related enquiries, please contact us at press@exportgenius.in.


Also Read: Top 10 Export Products of the Philippines.

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