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    The Philippines had a $7.7 billion trade deficit in October 2022 as exports grew 20% year-on-year to $7.7 billion while imports increased 7.5% to $11 billion. The top three export commodity groups were electronic products, accounting for $5.1 billion in exports, coconut oil, and other mineral products. For imports, the top three were electronic products valued at $2.88 billion, mineral fuels and lubricants, and transport equipment. Hong Kong had the largest trade surplus at $1.04 billion while China had the largest deficit of $1.26 billion.

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    The Philippines had a $7.7 billion trade deficit in October 2022 as exports grew 20% year-on-year to $7.7 billion while imports increased 7.5% to $11 billion. The top three export commodity groups were electronic products, accounting for $5.1 billion in exports, coconut oil, and other mineral products. For imports, the top three were electronic products valued at $2.88 billion, mineral fuels and lubricants, and transport equipment. Hong Kong had the largest trade surplus at $1.04 billion while China had the largest deficit of $1.26 billion.

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    12 views1 page

    October 2022 Preliminary Results Infographics

    Uploaded by

    jc
    The Philippines had a $7.7 billion trade deficit in October 2022 as exports grew 20% year-on-year to $7.7 billion while imports increased 7.5% to $11 billion. The top three export commodity groups were electronic products, accounting for $5.1 billion in exports, coconut oil, and other mineral products. For imports, the top three were electronic products valued at $2.88 billion, mineral fuels and lubricants, and transport equipment. Hong Kong had the largest trade surplus at $1.04 billion while China had the largest deficit of $1.26 billion.

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    PHILIPPINE EXPORT and IMPORT STATISTICS

    OCTOBER 2022 preliminary results

    exPORT $ 7.70 20.0% Top three export 2 Other mineral


    products
    Billion y-on-y Growth commodity groups
    fOB VALUE $ 0.29
    1 billion

    imPORT $11.00 7.5% other


    3 manufactured
    Billion
    fOB VALUE
    y-on-y Growth $ 5.10 goods
    electronic billion $ 0.27

    B ot-g $ -3.31 -13.5% products billion

    (Balance of trade in goods)


    Billion y-on-y Growth
    fOB VALUE
    Top three Import 2
    mineral fuels,
    lubricants and
    highest HONG KONG commodity groups
    related materials

    surplus among
    major trading
    $ 1.04
    billion
    $ 1.88
    billion
    partner FOB VALUE
    1
    3 transport
    highest
    deficit among
    China
    $ -1.26 $ 2.88 equipment

    major trading electronic billion $ 0.84


    billion products billion
    partner FOB VALUE

    year-on-year growth rates of export and import: OCTOBER 2002 to OCTOBER 2022
    HIGHEST
    153.2% | APR 2021
    EXPORT
    IMPORT
    HIGHEST
    74.1% | APR 2021

    LOWEST
    -41.3% | APR 2020
    LOWEST
    -62.9% | APR 2020

    For Technical Inquiries Visit us on Like us on Facebook Follow us on Twitter


    tsd.staff@psa.gov.ph www.psa.gov.ph /PSAgovph Digitally signed by Mapa
    Claire Dennis Sioson
    @PSAgovph
    Date: 2022.12.14
    11:09:09 +08'00'

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