China / Philippines

Overview In February 2024, China exported $2.91B and imported $1.16B from Philippines, resulting in a positive trade balance of $1.76B. Between February 2023 and February 2024 the exports of China have decreased by $-1.06B (-26.6%) from $3.97B to $2.91B, while imports decreased by $-189M (-14%) from $1.35B to $1.16B.

Trade In February 2024, the top exports of China to Philippines were Refined Petroleum ($423M), Large Coated Flat-Rolled Iron ($241M), Coated Flat-Rolled Iron ($223M), Rubber Footwear ($112M), and Other Small Iron Pipes ($104M). In February 2024 the top imports of China from Philippines were Integrated Circuits ($554M), Nickel Ore ($72.5M), Refined Copper ($68.4M), Semiconductor Devices ($66.5M), and Electrical Capacitors ($58.3M).

Origins In February 2024 the exports of China were mainly from Guangdong Province ($706M), Fujian Province ($443M), Zhejiang Province ($398M), Jiangsu Province ($345M), and Shandong Province ($231M), while imports destinations were mainly Guangdong Province ($461M), Shanghai Province ($199M), Jiangsu Province ($157M), Fujian Province ($67.2M), and Shandong Province ($58.6M).

Growth In February 2024, the decrease in China's year-by-year exports to Philippines was explained primarily by an decrease in product exports in Telephones ($-102M or -62.1%), Computers ($-47.3M or -51.7%), and Light Pure Woven Cotton ($-39.4M or -82.1%). In February 2024, the decrease in China's year-by-year imports  from Philippines was explained primarily by an decrease in product imports  in Integrated Circuits ($-164M or -22.8%), Lignite ($-79.9M or -74%), and Office Machine Parts ($-76M or -60.5%).