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Philippines Trade Summary

2016

Philippines exports, imports, tariff by year.
Philippines monthly trade data
Philippines quarterly trade data

Country and Region
Year
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Please note the exports, imports and tariff data are based on reported data and not gap filled. Please check the Data Availability for coverage.

Imports/Exports


Products

TRADE SUMMARY FOR PHILIPPINES 2016

Overall Exports and Imports for Philippines 2016

Exports and imports of Philippines in 2016 are below, along with number of countries and products

  • The total value of exports (FoB) was 56,313 million.
  • The total value of imports (CIF) was 85,909 million.
  • At the HS6 digit level, 2,784 products were exported to 206 countries and 4,542 products were imported from 199 countries.

Philippines top 5 Export and Import partners 2016

Top five countries to which Philippines exported in 2016 are below, along with the percent of total exports that went to that country:

  1. Philippines exports to Japan worth US$ 11,674 million, with a partner share of 20.73 percent.
  2. Philippines exports to United States worth US$ 8,671 million, with a partner share of 15.40 percent.
  3. Philippines exports to Hong Kong, China worth US$ 6,583 million, with a partner share of 11.69 percent.
  4. Philippines exports to China worth US$ 6,192 million, with a partner share of 11.00 percent.
  5. Philippines exports to Singapore worth US$ 3,701 million, with a partner share of 6.57 percent.

Top five countries from which Philippines imported goods in 2016 are below, along with percent of total imports that came from the country :

  1. Philippines imports from China worth US$ 15,916 million, with a partner share of 18.53 percent.
  2. Philippines imports from Japan worth US$ 10,196 million, with a partner share of 11.87 percent.
  3. Philippines imports from United States worth US$ 7,681 million, with a partner share of 8.94 percent.
  4. Philippines imports from Thailand worth US$ 6,726 million, with a partner share of 7.83 percent.
  5. Philippines imports from Korea, Rep. worth US$ 5,623 million, with a partner share of 6.54 percent.

Philippines Top 5 Productsexports imports at HS 6 digit level 2016

The top five exported HS 6 digit level products to world by Philippines along with trade value are:

  1. Philippines exported Monolithic integrated circuits, digital , worth US$ 12,514,649.42 million.
  2. Philippines exported Storage units, whether or not presented with th , worth US$ 3,070,234.68 million.
  3. Philippines exported Builders' joinery and carpentry, of wood, nes , worth US$ 2,399,526.76 million.
  4. Philippines exported Ignition wiring sets&oth wiring sets of a kind , worth US$ 2,001,028.26 million.
  5. Philippines exported Input or output units, whether or not presented , worth US$ 1,571,339.80 million.

The top five imported HS 6 digit level products from world by Philippines along with trade value are

  1. Philippines imported Parts of electronic integrated circuits and mic , worth US$ 7,399,768.42 million.
  2. Philippines imported Petroleum oils, etc, (excl. crude); preparation , worth US$ 3,953,093.12 million.
  3. Philippines imported Parts and accessories of automatic data process , worth US$ 3,195,670.03 million.
  4. Philippines imported Petroleum oils and oils obtained from bituminou , worth US$ 2,905,140.98 million.
  5. Philippines imported Monolithic integrated circuits, nes , worth US$ 2,535,714.96 million.

Exports and Imports of Product Groups 2016

Exports and imports of products by stages of processing in 2016 are below along with their corresponding Product Share as percent of total export or import

Tariffs 2016

Tariffs imposed by Philippines in 2016 are below

  • The maximum rate of tariff in percentage on any product was 65 percent.
  • The simple average tariff across all products was 5.12 percent.
  • The trade weighted average tariff was 3.40 .
  • The total duty free imports in thousands of US dollars were 50,869,920.43 and duty free tariff line items share was 21.49 percent.

Development Indicators 2016

Key Development Indicators of Philippines in 2016 are below

  • Philippines GDP in current US dollar was 304,889 million.
  • GNI per capita, Atlas method (current US$) was 3,580.00 .
  • Philippines Trade balance: as % of GDP was -9.30.
  • Trade balance in current US$ was -28,361.00 million.
  • Trade as percentage of GDP was 65.51 .
  • Trade in services as percentage of GDP was 18.16 .

Trade Indicators 2016

Trade Indicators for Philippines in 2016 are below

  • Hirschman Herfindahl market concentration index was 0.10.
  • Index of export market penetration was 8.22.
  • World Growth in percentage was -1.59 and Philippines Country Growth was 0.44 .