Philippines

Total Trade Compared to the same month a year ago

1.85%

Compared to last month

4.17%

Total Exports Compared to the same month a year ago

-2.48%

Compared to last month

-4.88%

Total Imports Compared to the same month a year ago

4.76%

Compared to last month

10.76%

RankAmong U.S. trading partners this month

34

Rank 2023 this month

33

Philippines’s total trade with the United States was $1.91 billion in July, a change of 1.85 percent from the same month one year ago. The change in exports was -2.48 percent and the change in imports was 4.76 percent. Philippines ranked No. 34 among U.S. trade partners in July. It had ranked No. 33 for the same month last year.

The top three U.S. exports by value in July were Computer chips, (2) Flour, meal of oil seed, olea fruit, and (3) Cell phones, related equipment. The top three U.S. imports from Philippines, also by value, were Insulated wire, cable, (2) Digital storage devices, and (3) Computer chips. By tonnage, the top three U.S. exports were (1) Flour, meal of oil seed, olea fruit, (2) Wheat, and (3) Chicken and other poultry. The top three U.S. imports, also by tonnage, were (1) Coconut, palm oil, (2) Fruit and vegetable juices, not fortified, and (3) Insulated wire, cable.

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