27.03.202601:00:00UTC+00Philippines Import Growth Swings to 12.6% in February, Ending January Slump

Philippine imports rebounded sharply in February 2026, with year-over-year growth reaching 12.6%, a strong turnaround from the 3.1% annual decline recorded in January 2026. The latest data, updated on 27 March 2026, show a marked shift in external demand dynamics after the start of the year.

The figures are based on year-over-year comparisons, measuring each month’s performance against the same month a year earlier. In January, imports had contracted by 3.1% compared with January of the previous year, signaling softer external purchases. By February, however, the trend reversed, with a 12.6% increase over February a year earlier, suggesting a solid recovery in inbound trade activity.

The move from negative to double-digit positive import growth may indicate improving domestic demand conditions, restocking needs, or shifting trade patterns early in 2026. While the data do not break down import categories, the February jump underscores a significant change in momentum after a weak start to the year.