Overview In June 2024 Philippines' Commodities not elsewhere specified exports accounted up to $698M and imports accounted up to $491M, resulting in a positive trade balance of $208M. Between June 2023 and June 2024 the exports of Philippines' Commodities not elsewhere specified have decreased by $-107M (-13.3%) from $805M to $698M, while imports decreased by $-224M (-31.4%) from $715M to $491M.
Destinations In June 2024, Commodities not elsewhere specified were exported mostly to Hong Kong ($267M), Singapore ($74.8M), United States ($67.3M), China ($64.9M), and South Korea ($40.6M), and were imported mostly from South Korea ($152M), Chinese Taipei ($73.8M), Japan ($65.7M), Singapore ($42.6M), and United States ($39.4M).
Growth In June 2024, the decrease in Commodities not elsewhere specified's year-by-year exports was explained primarily by a decrease in exports to United States ($-48.8M or -37.8%), Singapore ($-24.1M or -16.8%), and United Kingdom ($-15.9M or -81.3%). In June 2024, the decrease in Commodities not elsewhere specified's year-by-year imports was explained primarily by a decrease in imports from South Korea ($-178M or -51.5%), China ($-39.1M or -24%), and Singapore ($-24M or -30.7%).