The country’s total imports in January-August 2017 amounted to US$59.15 billion, an increase of 8.2% from US$54.66 billion in January-August 2016. China ranked first among the Philippines’ top import suppliers, with receipts amounting to US$10.57 billion. This is an increase of 4.4% from US$10.13 billion during the same period last year. Other top Philippine import suppliers in January-August 2017 were: Japan, US$7.06 billion; South Korea, US$4.89 billion; USA, US$4.59 billion; and, Thailand, US$4.26 billion.
Electronic products topped the country’s imports in January-August 2017, with receipts valued at US$14.63 billion, a decrease of 1.2% from its level in the same period last year at US$14.81 billion. Other top import products in January-August 2017 were: mineral fuels, lubricants and related materials, US$6.71 billion; transport equipment, US$6.27 billion; industrial machinery and equipment, US$3.93 billion; and, iron and steel, US$2.59 billion.