Philippine imports increased 16.6% year-on-year to $13 billion in August 2026, a six-month low, slowing from an upwardly revised 23% gain in July. It was the weakest annual growth since February, with declines in industrial and machinery equipment, other food and live animals, miscellaneous manufactured articles, and iron and steel. Electronic products rose 61.4%, led by components and devices, while mineral fuels, lubricants and related materials and transport equipment also contributed to growth. China remained the largest import source at 22.7% of total imports despite an 11.1% decline, while shipments from South Korea, Japan and Indonesia increased. Total imports reached $105.6 billion in the first eight months of 2026.