Top 5 Philippines Imports year 2018!

In ImexDBusiness we are interested that the public at the international level can find new business opportunities; locate suppliers or buyers, and analyze import and export trends.

We hope that professionals interested in international trade, imports and exports can make better decisions and obtain greater profits using detailed strategic information from each of the countries.

In this first post we will generate an analysis of total imports and exports within 12 countries that have evolved positively in recent years: Uzbekistan, Kazakhstan, Russia, Ukraine, Philippines, Indonesia, India, Mexico, Pakistan, Vietnam, China, and Brazil.

We hope that the information we will provide below will provide you with tools to understand the dynamics of the sectors that have the greatest representation within the Philippines.

Initial Insights!

Initially, total imports of all products in the Philippines for 2017 amounted to US $ 101889432miles. For the 2018 period, the total reached was US $ 115038016 thousand.

This first look shows that purchases made abroad by the Philippines had a growth rate equivalent to 0.12; or what is equivalent to US $ 13148584 thousand.

Among the products that have the greatest participation within the total imports of the Philippines, we must name Parts of integrated circuits and electronic microstructures; which, internationally, and based on the customs tariff, is codified under the tariff code ‘854290. This product for 2017 reached a total of imports equivalent to US $ 7001978 thousand. We must present that by 2018 the total imported of Parts of integrated circuits and electronic microstructures was US $ 10552486 thousand.

Based on this we must mention that Parts of integrated circuits and electronic microstructures presented a percentage variation of 0.41, this includes a change in values ​​of US $ 3550508 thousand.

A second product that has presented a high share of the total imports of the Philippines is crude oils of oil or bituminous ore; which, internationally, and based on the customs tariff, is codified under the tariff code ‘270900. This product for 2017 reached a total of imports equivalent to US $ 3492167 thousand. We must present that for the year 2018 the total imported of crude oils of oil or bituminous ore was US $ 5160572 thousand

Based on this we must mention that Crude oils of oil or bituminous ore presented a percentage variation of 0.390, this includes a change in values ​​of US $ 1668405 thousand.

Third, Medium oils and preparations, of petroleum or bituminous ore, which do not contain biodiesel have a high share of total imports from the Philippines. This product internationally, and based on the customs tariff, is coded under the tariff code ‘271019. This product for the year 2017 reached a total of imports equivalent to US $ 3211748 thousand. We must present that by 2018 the total amount of imported medium oils and preparations, of oil or bituminous ore, that do not contain biodiesel was US $ 3.634.418 thousand.

Based on this we must mention that Medium oils and preparations, of petroleum or bituminous mineral, which do not contain biodiesel, present a percentage variation of 0.12, this includes a change in values ​​of US $ 422670 thousand

Continuing within the Philippine industry; Integrated electronic circuits have a high share of total imports. This product internationally, and based on the customs tariff, is coded under the tariff code ‘854239. This product for 2017 reached a total of imports equivalent to US $ 4025736 thousand. We must present that by 2018 the total imported of integrated electronic circuits was 3453747.

Based on this we must mention that Integrated Electronic Circuits presented a percentage variation of -0.15, this includes a change in values ​​of US $ -571989 thousand.

Fifth, within the Philippine industry; Light oils and preparations, from petroleum or bituminous minerals that> = 90% in volume have a high share of total imports. This product internationally, and based on the customs tariff, is coded under the tariff code ‘271012. This product for 2017 reached a total of imports equivalent to US $ 2391318 thousand. We must present that for the year 2018 the total imported of light oils and preparations, of petroleum or bituminous minerals that> = 90% in volume was US $ 2457086 thousand.

Based on this we must mention that Light oils and preparations, of petroleum or bituminous minerals that> = 90% in volume presented a percentage variation of 0.03, this includes a change in values ​​of US $ 65,768 thousand.

In summary!

Total Philippines imports for the year 2018: US $ 115038016 thousand

Total imports Parts of integrated circuits and electronic microstructures for the year 2018: US $ 10552486 thousand

Total imports Crude oils of oil or bituminous ore for the year 2018: US $ 5160572 thousand

Total imports Average oils and preparations, of petroleum or bituminous ore, which do not contain biodiesel for the year 2018: US $ 3634418 thousand

Total imports Integrated electronic circuits for the year 2018: US $ 3453747 thousand

Total imports Light oils and preparations, from petroleum or bituminous minerals that> = 90% by volume for the year 2018: US $ 2457086 thousand

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