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Philippines Trade Summary

2018

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 2018

Overall Exports and Imports for Philippines 2018

Exports and imports of Philippines in 2018 are below, along with number of countries and products

  • The total value of exports (FoB) was 67,488 million.
  • The total value of imports (CIF) was 115,038 million.
  • At the HS6 digit level, 2,865 products were exported to 203 countries and 4,335 products were imported from 194 countries.

Philippines top 5 Export and Import partners 2018

Top five countries to which Philippines exported in 2018 are below, along with the percent of total exports that went to that country:

  1. Philippines exports to United States worth US$ 10,550 million, with a partner share of 15.63 percent.
  2. Philippines exports to Hong Kong, China worth US$ 9,554 million, with a partner share of 14.16 percent.
  3. Philippines exports to Japan worth US$ 9,474 million, with a partner share of 14.04 percent.
  4. Philippines exports to China worth US$ 8,699 million, with a partner share of 12.89 percent.
  5. Philippines exports to Singapore worth US$ 4,234 million, with a partner share of 6.27 percent.

Top five countries from which Philippines imported goods in 2018 are below, along with percent of total imports that came from the country :

  1. Philippines imports from China worth US$ 22,579 million, with a partner share of 19.63 percent.
  2. Philippines imports from Korea, Rep. worth US$ 11,503 million, with a partner share of 10.00 percent.
  3. Philippines imports from Japan worth US$ 11,397 million, with a partner share of 9.91 percent.
  4. Philippines imports from United States worth US$ 8,297 million, with a partner share of 7.21 percent.
  5. Philippines imports from Thailand worth US$ 7,948 million, with a partner share of 6.91 percent.

Philippines Top 5 Productsexports imports at HS 6 digit level 2018

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

  1. Philippines exported Monolithic integrated circuits, nes , worth US$ 13,429,647.41 million.
  2. Philippines exported Parts of electrical machines & apparatus having , worth US$ 6,551,887.40 million.
  3. Philippines exported Storage units, whether or not presented with th , worth US$ 3,352,246.17 million.
  4. Philippines exported Input or output units, whether or not presented , worth US$ 2,836,996.81 million.
  5. Philippines exported Ignition wiring sets&oth wiring sets of a kind , worth US$ 1,689,674.35 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$ 10,552,485.54 million.
  2. Philippines imported Monolithic integrated circuits, nes , worth US$ 6,360,814.22 million.
  3. Philippines imported Petroleum oils, etc, (excl. crude); preparation , worth US$ 6,092,069.43 million.
  4. Philippines imported Petroleum oils and oils obtained from bituminou , worth US$ 5,160,572.26 million.
  5. Philippines imported Aircraft nes of an unladen weight exceeding 15, , worth US$ 1,879,358.04 million.

Exports and Imports of Product Groups 2018

Exports and imports of products by stages of processing in 2018 are below along with their corresponding Product Share as percent of total export or import

Tariffs 2018

Tariffs imposed by Philippines in 2018 are below

  • The maximum rate of tariff in percentage on any product was 65 percent.
  • The simple average tariff across all products was 4.05 percent.
  • The trade weighted average tariff was 2.11 .
  • The total duty free imports in thousands of US dollars were 44,960,428.03 and duty free tariff line items share was 42.86 percent.

Development Indicators 2018

Key Development Indicators of Philippines in 2018 are below

  • Philippines GDP in current US dollar was 346,842 million.
  • GNI per capita, Atlas method (current US$) was 3,710.00 .
  • Philippines Trade balance: as % of GDP was -11.74.
  • Trade balance in current US$ was -40,706.00 million.
  • Trade as percentage of GDP was 72.16 .
  • Trade in services as percentage of GDP was 18.79 .

Trade Indicators 2018

Trade Indicators for Philippines in 2018 are below

  • Hirschman Herfindahl market concentration index was 0.10.
  • Index of export market penetration was 8.69.
  • World Growth in percentage was 3.50 and Philippines Country Growth was 2.84 .