Philippines / Japan

Overview In June 2024, Philippines exported $747M and imported $811M from Japan, resulting in a negative trade balance of $64.4M. Between June 2023 and June 2024 the exports of Philippines have decreased by $-199M (-21%) from $946M to $747M, while imports decreased by $-102M (-11.1%) from $913M to $811M.

Trade In June 2024, the top exports of Philippines to Japan were Insulated Wire ($120M), Integrated Circuits ($79.8M), Nickel Mattes ($56M), Iron Ore ($45.6M), and Bananas ($37.5M). In June 2024 the top imports of Philippines from Japan were Integrated Circuits ($104M), Commodities not elsewhere specified ($97.5M), Refined Petroleum ($78.3M), Insulated Wire ($57.9M), and Coated Flat-Rolled Iron ($36.4M).

Growth In June 2024, the decrease in Philippines's year-by-year exports to Japan was explained primarily by an decrease in product exports in Integrated Circuits ($-47.9M or -37.5%), Video Displays ($-12.6M or -59%), and Iron Fasteners ($-6.76M or -71.2%). In June 2024, the decrease in Philippines's year-by-year imports  from Japan was explained primarily by an decrease in product imports  in Office Machine Parts ($-17.6M or -37.2%), Integrated Circuits ($-15.4M or -12.9%), and Commodities not elsewhere specified ($-14M or -12.5%).