The country’s total imports in January 2018 amounted to US$8.54 billion, an increase of 11.4% from US$7.66 billion in January 2017. China ranked first among the Philippines’ top import suppliers, with receipts amounting to US$1.61 billion. This is an increase of 3.5% from US$1.56 billion during the same period last year. Other top Philippine import suppliers in January 2018 were: South Korea, US$900 million; Japan, US$841 million; USA, US$702 million; and, Thailand, US$540 million.
Electronic products topped the country’s imports in January 2018, with receipts valued at US$2.23 billion, an increase of 18.9% from its level in the same period last year at US$1.88 billion. Other top import products in January 2018 were: mineral fuels, lubricants and related materials, US$913 million; transport equipment, US$641 million; industrial machinery and equipment, US$585 million; and, iron and steel, US$449 million.