The country’s total imports in January-July 2018 amounted to US$61.23 billion, an increase of 15.7% from US$52.92 billion in January-July 2017. China ranked first among the Philippines’ top import suppliers, with receipts amounting to US$11.85 billion. This is an increase of 24.23% from US$9.54 billion during the same period last year. Other top Philippine import suppliers in January-July 2018 were: South Korea, US$6.26 billion; Japan, US$6.19 billion; USA, US$4.46 billion; and, Thailand, US$4.36 billion.
Electronic products topped the country’s imports in January-July 2018, with receipts valued at US$15.80 billion, an increase of 20.1% from its level in the same period last year at US$13.16 billion. Other top import products in January-July 2018 were: mineral fuels, lubricants and related materials, US$7.17 billion; transport equipment, US$6.29 billion; industrial machinery and equipment, US$4.14 billion; and, iron and steel, US$3.32 billion.