FX.co ★ Philippine Imports Climb 10.8% YoY in June

In June 2025, the Philippines saw a 10.8% increase in imports year-on-year, reaching $11 billion, rebounding from the previously adjusted 1.1% decrease the month prior. This represented the highest level of inbound shipments since March, fueled largely by increased acquisitions of transport equipment (up 66.1%), telecommunications equipment and electrical machinery (up 69.6%), miscellaneous manufactured goods (up 20.4%), and electronic products (up 14.9%), with a notable emphasis on medical and industrial instrumentation. Conversely, there was a decrease in imports of mineral fuels, lubricants, and related materials (down 10.7%), other food and live animals (down 4.5%), and industrial machinery and equipment (down 1.7%). Among the key trading partners, imports surged from Taiwan (up 40.7%), China (up 19.2%), South Korea (up 18.7%), Thailand (up 13%), and Japan (up 10.7%). For the period spanning January to June, imports recorded a 6% increase compared to the same timeframe the previous year.