FX.co ★ Philippines Import Growth Edges Higher to 19.8% in July, Extending Strong YoY Momentum

Philippine imports grew 19.8% year-on-year in July 2026, slightly up from a 19.6% increase recorded in June 2026, according to the latest data updated on 28 August 2026. The figures reflect a continued robust expansion in inbound trade, with both months measured against their respective levels a year earlier.

The July reading signals a marginal acceleration in import growth, suggesting sustained external demand and ongoing domestic appetite for foreign goods. With back-to-back gains near the 20% mark on a year-over-year basis, imports remain a key contributor to the country’s overall trade dynamics as the second half of 2026 begins.