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Philippines Trade Summary

2019

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 2019

Overall Exports and Imports for Philippines 2019

Exports and imports of Philippines in 2019 are below, along with number of countries and products

  • The total value of exports (FoB) was 70,927 million.
  • The total value of imports (CIF) was 117,247 million.
  • At the HS6 digit level, 2,971 products were exported to 211 countries and 4,323 products were imported from 187 countries.

Philippines top 5 Export and Import partners 2019

Top five countries to which Philippines exported in 2019 are below, along with the percent of total exports that went to that country:

  1. Philippines exports to United States worth US$ 11,574 million, with a partner share of 16.32 percent.
  2. Philippines exports to Japan worth US$ 10,675 million, with a partner share of 15.05 percent.
  3. Philippines exports to China worth US$ 9,814 million, with a partner share of 13.84 percent.
  4. Philippines exports to Hong Kong, China worth US$ 9,625 million, with a partner share of 13.57 percent.
  5. Philippines exports to Singapore worth US$ 3,832 million, with a partner share of 5.40 percent.

Top five countries from which Philippines imported goods in 2019 are below, along with percent of total imports that came from the country :

  1. Philippines imports from China worth US$ 26,756 million, with a partner share of 22.82 percent.
  2. Philippines imports from Japan worth US$ 11,218 million, with a partner share of 9.57 percent.
  3. Philippines imports from Korea, Rep. worth US$ 8,760 million, with a partner share of 7.47 percent.
  4. Philippines imports from United States worth US$ 8,556 million, with a partner share of 7.30 percent.
  5. Philippines imports from Indonesia worth US$ 7,299 million, with a partner share of 6.23 percent.

Philippines Top 5 Productsexports imports at HS 6 digit level 2019

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 21,857,212.11 (US$ Thousands).
  2. Philippines exported Parts and accessories of automatic data process , worth 7,553,356.13 (US$ Thousands).
  3. Philippines exported Ignition wiring sets&oth wiring sets of a kind , worth 2,346,944.36 (US$ Thousands).
  4. Philippines exported Bananas, including plantains, fresh or dried , worth 1,953,844.66 (US$ Thousands).
  5. Philippines exported Static converters, nes , worth 1,351,589.78 (US$ Thousands).

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

  1. Philippines imported Monolithic integrated circuits, digital , worth 10,891,659.72 (US$ Thousands).
  2. Philippines imported Petroleum oils, etc, (excl. crude); preparation , worth 7,668,052.34 (US$ Thousands).
  3. Philippines imported Petroleum oils and oils obtained from bituminou , worth 3,468,547.92 (US$ Thousands).
  4. Philippines imported Parts of electronic integrated circuits and mic , worth 2,756,607.15 (US$ Thousands).
  5. Philippines imported Parts and accessories of automatic data process , worth 2,453,842.26 (US$ Thousands).

Exports and Imports of Product Groups 2019

Exports and imports of products by stages of processing in 2019 are below along with their corresponding Product Share as percent of total export or import

Tariffs 2019

Tariffs imposed by Philippines in 2019 are below

  • The maximum rate of tariff in percentage on any product was 65 percent.
  • The simple average tariff across all products was 3.54 percent.
  • The trade weighted average tariff was 1.68 .
  • The total duty free imports in thousands of US dollars were 83,746,785.65 and duty free tariff line items share was 47.91 percent.

Development Indicators 2019

Key Development Indicators of Philippines in 2019 are below

  • Philippines GDP in current US dollar was 376,823 million.
  • GNI per capita, Atlas method (current US$) was 3,770.00 .
  • Philippines Trade balance: as % of GDP was -12.08.
  • Trade balance in current US$ was -45,505.00 million.
  • Trade as percentage of GDP was 68.84 .
  • Trade in services as percentage of GDP was 18.44 .

Trade Indicators 2019

Trade Indicators for Philippines in 2019 are below

  • Hirschman Herfindahl market concentration index was 0.10.
  • Index of export market penetration was 8.86.
  • World Growth in percentage was -1.34 and Philippines Country Growth was -1.24 .