Philippines / Italy

Overview In August 2021, Philippines exported $20.2M and imported $75.1M from Italy, resulting in a negative trade balance of $54.9M. Between August 2020 and August 2021 the exports of Philippines have decreased by $-3.46M (-14.7%) from $23.6M to $20.2M, while imports increased by $24M (47%) from $51.1M to $75.1M.

Trade In August 2021, the top exports of Philippines to Italy were Non-fillet Frozen Fish ($3.42M), Commodities not elsewhere specified ($2.63M), Non-Knit Men's Shirts ($1.19M), Other Rubber Products ($1.13M), and Other Office Machines ($683k). In August 2021 the top imports of Philippines from Italy were Washing and Bottling Machines ($14.7M), Integrated Circuits ($10.7M), Commodities not elsewhere specified ($5.02M), Animal Meal and Pellets ($4.25M), and Refrigerators ($2.83M).

Growth In August 2021, the decrease in Philippines's year-by-year exports to Italy was explained primarily by an decrease in product exports in Integrated Circuits ($-445k or -55.1%), Industrial Printers ($-394k or -74.1%), and Furskin Apparel ($-365k or -63.4%). In August 2021, the increase in Philippines's year-by-year imports  from Italy was explained primarily by an increase in product imports  in Washing and Bottling Machines ($9.99M or 212%), Integrated Circuits ($2.7M or 33.9%), and Refrigerators ($2.56M or 956%).