FX.co ★ Philippines Import Growth Cools to 19.6% in June, Easing from May’s 21.9% Surge

Year-over-year growth in Philippine imports eased in June 2026, with the latest data showing a 19.6% increase compared with the same month a year earlier. This marks a slowdown from May 2026, when imports expanded by 21.9% on an annual basis.

The figures, updated on 30 July 2026, indicate that while external demand for goods entering the Philippines remains robust, the pace of growth has moderated. Both the current and previous readings reflect year-over-year changes, comparing each month’s import performance to the corresponding month in the prior year. Investors and policymakers will be watching upcoming releases to see whether June’s softer gain signals the beginning of a more sustained cooling in import momentum or a temporary pause following May’s stronger jump.