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Philippines Trade Summary

2020

Philippines exports, imports, tariff by year.
Philippines monthly 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 2020

Overall Exports and Imports for Philippines 2020

Exports and imports of Philippines in 2020 are below, along with number of countries and products

  • The total value of exports (FoB) was 65,214 million.
  • The total value of imports (CIF) was 95,067 million.
  • At the HS6 digit level, 2,768 products were exported to 207 countries and 4,251 products were imported from 199 countries.

Philippines top 5 Export and Import partners 2020

Top five countries to which Philippines exported in 2020 are below, along with the percent of total exports that went to that country:

  1. Philippines exports to Japan worth US$ 10,034 million, with a partner share of 15.39 percent.
  2. Philippines exports to United States worth US$ 10,026 million, with a partner share of 15.37 percent.
  3. Philippines exports to China worth US$ 9,830 million, with a partner share of 15.07 percent.
  4. Philippines exports to Hong Kong, China worth US$ 9,226 million, with a partner share of 14.15 percent.
  5. Philippines exports to Singapore worth US$ 3,774 million, with a partner share of 5.79 percent.

Top five countries from which Philippines imported goods in 2020 are below, along with percent of total imports that came from the country :

  1. Philippines imports from China worth US$ 22,010 million, with a partner share of 23.15 percent.
  2. Philippines imports from Japan worth US$ 9,219 million, with a partner share of 9.70 percent.
  3. Philippines imports from United States worth US$ 7,404 million, with a partner share of 7.79 percent.
  4. Philippines imports from Korea, Rep. worth US$ 7,243 million, with a partner share of 7.62 percent.
  5. Philippines imports from Indonesia worth US$ 6,120 million, with a partner share of 6.44 percent.

Philippines Top 5 Productsexports imports at HS 6 digit level 2020

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 23,681,282.58 (US$ Thousands).
  2. Philippines exported Parts and accessories of automatic data process , worth 6,113,391.47 (US$ Thousands).
  3. Philippines exported Ignition wiring sets&oth wiring sets of a kind , worth 1,912,108.23 (US$ Thousands).
  4. Philippines exported Bananas, including plantains, fresh or dried , worth 1,644,295.05 (US$ Thousands).
  5. Philippines exported Copper cathodes and sections of cathodes unwrou , worth 1,435,035.50 (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 10,980,525.79 (US$ Thousands).
  2. Philippines imported Petroleum oils, etc, (excl. crude); preparation , worth 4,554,620.15 (US$ Thousands).
  3. Philippines imported Parts of electronic integrated circuits and mic , worth 2,444,426.58 (US$ Thousands).
  4. Philippines imported Parts and accessories of automatic data process , worth 2,154,151.92 (US$ Thousands).
  5. Philippines imported Transmission apparatus, for radioteleph incorpo , worth 2,122,084.13 (US$ Thousands).

Exports and Imports of Product Groups 2020

Exports and imports of products by stages of processing in 2020 are below along with their corresponding Product Share as percent of total export or import

Tariffs 2020

Tariffs imposed by Philippines in 2020 are below

  • The maximum rate of tariff in percentage on any product was 65 percent.
  • The simple average tariff across all products was 3.42 percent.
  • The trade weighted average tariff was 1.67 .
  • The total duty free imports in thousands of US dollars were 84,093,740.86 and duty free tariff line items share was 47.51 percent.

Development Indicators 2020

Key Development Indicators of Philippines in 2020 are below

  • Philippines GDP in current US dollar was 361,751 million.
  • GNI per capita, Atlas method (current US$) was 3,350.00 .
  • Philippines Trade balance: as % of GDP was -7.76.
  • Trade balance in current US$ was -28,086.00 million.
  • Trade as percentage of GDP was 58.17 .
  • Trade in services as percentage of GDP was 13.76 .

Trade Indicators 2020

Trade Indicators for Philippines in 2020 are below

  • Hirschman Herfindahl market concentration index was 0.10.
  • Index of export market penetration was 8.84.
  • World Growth in percentage was -3.77 and Philippines Country Growth was -3.86 .