The Philippines is also recognized as the Republic of the Philippines. The Philippines is situated in Southeast Asia. The country is situated in the western direction of the Pacific Ocean and contains close to 7,640 islands. The Philippines shares its maritime borders with multiple countries like Taiwan, Japan, Palau, Indonesia, and Malaysia.
The Philippines is declared the 39th country in the world with one of the most complex economies. As per the Philippines import data, the country stood at 34th position out of 226 countries in total imports in the year 2020.
The Philippines Import Data reveals that imports in the Philippines were worth USD 124.38 billion for goods in 2021. On the other hand, the Philippines imported services worth USD 19.45 billion in the year 2021. Significant imports of the Philippines as recorded in the Philippines trade data 2021 were electrical appliances and machines, mineral fuels, mechanical machinery, light automobile, and plastic items.
The population of the Philippines as of the year 2020 was 10.90 crores. Significant import accomplices of the Philippines as unveiled by the Philippines trade data 2021 are China, Japan, Korea, Indonesia, the USA, and Singapore.
The Philippines Import Data and Philippines Trade Data information that we provide to you is very useful and informative. Our data is totally based on updated and fresh shipping bills, invoices, and other important documentation needed for trading. We collect reliable information from the Philippines’ customs ports, institutions, and other shipping companies. A variety of fields that are included in the Philippines trade data are HS codes, product description, quantity and price, ports’ names along with currency value.
For your convenience and better understanding, we have enclosed a sample featuring custom Philippines import data so that you can experience what the custom Philippines import data with complete details look like.
|PHILIPPINES IMPORT DATA|
|IMPORTER NAME||QSL PHILIPPINES INC|
|EXPORTER NAME||APPLE SOUTH ASIA PTE LTD|
|PRODUCT DESCRIPTION||"APPLE" SVC IPHONE 11 ROW 64GB BLK CI/AR-PPN PP661-1331|
|GROSS WEIGH IN KGM||0.6||TOTAL CIF VALUE||765.4|
|UNLOADING PORT||NINOY AQUINO INTERNATIONAL AIRPORT||MODE OF TRANSPORT||AIR|
|ORIGIN COUNTRY||CHINA||DESTINATION COUNTRY||PHILIPPINES|
The Philippines Import Data found from Customs authorities of Philippines is a type of custom data that comes with an ample amount of information and insights in addition to shipping details. You get to know everything starting with the importer’s name to the quantity and price of each product from this import data. We provide a reliable and accurate database to you which we gather from trusted sources like from the country's customs ports, government bodies, and other trusted institutions and authorities.
In the year 2021, the Philippines imported numerous items from various countries. As every country maintains its import export data to record all the overseas transactions, in the similar manner, the Philippines also maintains its Philippines Import Data in which it records the major imports that happened into the nation in a particular year. So, as per the Philippines Import Data for the year 2021, the top 10 imports to the nation were as follows.
Electrical machines (USD 31.09 billion), mineral fuels and oils (USD 15.47 billion), machinery (USD 11.76 billion), light automotives (USD 7 billion), iron and steel (USD 4.88 billion), plastic items (USD 4.41 billion), pharmaceutical products (USD 3.7 billion), cereals (USD 3.44 billion), optical and precision tools (USD 2.64 billion), and chemical goods (USD 1.85 billion).
From the top 10 imported products list, the contribution of electrical machines is the most which is 25%, this is then followed by the contribution of mineral fuels and oils which is close to 12.4%.
According to the Philippines Import Data for the year 2021, the top 10 countries from whom Philippines imported the most were as follows:
China (USD 28.20 billion), Japan (USD 11.83 billion), Korea (USD 9.62 billion), Indonesia (USD 9.02 billion), the USA (USD 8.28 billion), Singapore (USD 7.24 billion), Thailand (USD 7.23 billion), Malaysia (USD 5.57 billion), Vietnam (USD 4.46 billion), and India (USD 2.39 billion).
After carefully analyzing the contribution of each country in the year 2021, we reached to a conclusion that around 22.6% of total imports made by the Philippines were from China, and then followed by Japan with 9.5% contribution in total imports.