Filipino imports amounted to US$67.7 billion in 2014, up 15.8% since 2010. Philippines top 10 imports accounted for almost three-quarters (72.8%) of the overall value of its product purchases from other countries.

Filipino imports represent 0.4% of total global imports which totaled $18.74 trillion.

From a continental perspective, 73.3% of Philippines total imports by value in 2014 were purchased from Asian countries. European trade partners supplied 13.8% of import sales to Philippines while 9.5% worth originated from North America.

Given Philippines’s population of 101 million people, its total $67.7 billion in 2014 imports translates to roughly $670 in yearly product demand from every person in the country.

 

Philippines Top 10 Imports

 

The following product groups represent the highest dollar value in Filipino import purchases during 2014. Also shown is the percentage share each product category represents in terms of overall imports into Philippines.

 

1. Electronic equipment: US$14.5 billion (21.4% of total Filipino imports)

2. Oil: $13.6 billion (20.2%)

3. Machines, engines, pumps: $6.5 billion (9.7%)

4. Vehicles: $3.8 billion (5.6%)

5. Aircraft, spacecraft: $2.6 billion (3.8%)

6. Plastics: $2.6 billion (3.8%)

7. Iron and steel: $1.7 billion (2.5%)

8. Cereals: $1.6 billion (2.3%)

9. Food waste, animal fodder: $1.4 billion (2%)

10. Pharmaceuticals: $1 billion (1.5%)

 

Imported aircraft, spacecraft had the fastest-growing increase in value among the top 10 import categories, up 294.3% for the 5-year period starting in 2010.

 

In second place for improving import sales were food waste and animal fodder, up 98.5%. Close behind were Filipino imports of plastics delivering the third-fastest gain at 66.8%.  Cereals were the laggard among the top 10 Filipino imports, posting a -31% decline.

Please note that the results listed above are at the 2-digit Harmonized Tariff System code level. Information presented under other virtual folder tabs is at the more granular 4-digit level.

 

Electronics

 

In 2014, Filipino importers spent the most on the following 10 subcategories of electronics:

 

1. Integrated circuits/microassemblies: US$9.9 billion (down -19.2% from 2010)

2. TV receiver/transmit/digital cameras: $526.3 million (up 146.3%)

3. Phone system devices: $510.1 million (down -14.1%)

4. Lower-voltage switches, fuses: $429.7 million (down -0.6%)

5. Insulated wire/cable: $418.1 million (up 57.4%)

6. Electrical converters/power units: $370.6 million (up 36.3%)

7. Solar power diodes/semi-conductors: $262.6 million (down -38.6%)

8. Electrical capacitators: $224.6 million (down -36.9%)

9. TV/radio/radar device parts: $196 million (up 17.5%)

10. Electric generating sets, converters: $165.4 million (up 101.7%)

 

Among Filipino electronics imports, Filipino purchases of TV receiver/transmit/digital cameras (up 146.3%), electric generating sets and converters (up 101.7%) and insulated wire/cable (up 57.4%) grew at the fastest pace from 2010 to 2014.

 

These amounts and the percentage gains within parenthesis clearly show where the strongest demand lies for different types of imported electronics among Filipino businesses and consumers.

 

Fuel

 

In 2014, Filipino importers spent the most on the following 10 subcategories of fuel:

 

1. Crude oil: US$6.3 billion (up 14.4% from 2010)

2. Processed petroleum oils: $5.9 billion (up 80.9%)

3. Coal, solid fuels made from coal: $762 million (up 47.3%)

4. Petroleum gases: $594.3 million (up 2.5%)

5. Natural bitumen, asphalt, shale: $56.6 million (up 17%)

6. Petroleum jelly, mineral waxes: $15.2 million (up 66.3%)

7. Coal tar oils (high temperature distillation): $11.5 million (up 34.1%)

8. Coke, semi-coke: $4.9 million (down -58%)

9. Petroleum oil residues: $4.2 million (up 4393.5%)

10. Peat: $128,000 (up 91%)

 

Among Filipino fuel imports, Filipino purchases of petroleum oil residues (up 4,394%), peat (up 91%) and processed petroleum oils (up 80.9%) grew at the fastest pace from 2010 to 2014.

 

These amounts and the percentage gains within parenthesis clearly show where the strongest demand lies for different types of imported fuel among Filipino businesses and consumers.

 

Machinery

 

In 2014, Filipino importers spent the most on the following 10 subcategories of machinery:

 

1. Computer parts, accessories: US$1.8 billion (down -55.8% from 2010)

2. Miscellaneous machinery: $571.5 million (down -37.7%)

3. Computers, optical readers: $485.5 million (up 66.9%)

4. Heavy machinery (bulldozers, excavators, road rollers): $231.5 million (up 117.6%)

5. Refrigerators, freezers: $193.2 million (up 13%)

6. Lifting/loading machinery: $175 million (up 122%)

7. Air conditioners: $152.4 million (up 76.7%)

8. Machinery parts: $149.9 million (up 6.2%)

9. Piston engines: $148.2 million (up 491.1%)

10. Air or vacuum pumps: $143.6 million (up 49.3%)

 

Among Filipino machinery imports, Filipino purchases of piston engines (up 491.1%), lifting/loading machinery (up 122%) and heavy machinery like bulldozers, excavators and road rollers (up 117.6%) grew at the fastest pace from 2010 to 2014.

 

These amounts and the percentage gains within parenthesis clearly show where the strongest demand lies for different types of imported machinery among Filipino businesses and consumers.

 

Vehicles

 

In 2014, Filipino importers spent the most on the following 10 subcategories of vehicles:

 

1. Cars: US$1.7 billion (up 14.2% from 2010)

2. Trucks: $453.2 million (up 23.1%)

3. Automobile parts/accessories: $428.6 million (up 15.1%)

4. Motorcycles: $374.7 million (up 114.5%)

5. Public-transport vehicles: $374.6 million (up 68.1%)

6. Motorcycle parts/accessories: $266.5 million (up 60%)

7. Tractors: $79.1 million (up 402.5%)

8. Special purpose vehicles: $46.6 million (up 172.8%)

9. Trailers: $27.9 million (up 197.3%)

10. Chassis fitted with engine: $10.1 million (up 84.9%)

 

Among Filipino vehicles imports, Filipino purchases of tractors (up 402.5%), trailers (up 197.3%) and special purpose vehicles (up 172.8%) grew at the fastest pace from 2010 to 2014.

 

These amounts and the percentage gains within parenthesis clearly show where the strongest demand lies for different types of imported vehicles among Filipino businesses and consumers.

 

Source:  http://www.worldstopexports.com/philippines-top-10-imports/