Philippines Trade Summary

2021 Data

Philippines exports, imports, tariff by year.

Country / 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

Overall Exports and Imports

Exportsmore »
Exports (in US$ Mil): 74,620
No. Of products: 2,830
No. Of partners: 200
Importsmore »
Imports (in US$ Mil): 124,390
No. Of products: 4,316
No. Of partners: 205

Top 5 Products exports imports at HS 6 digit level

Exports (US$ Thousands)  
Monolithic integrate ...23,967,177.48
Parts and accessorie ...7,149,092.78
Ignition wiring sets ...2,327,176.97
Copper cathodes and ...2,080,853.83
Nickel ores and conc ...1,455,948.58
Imports (US$ Thousands)
Monolithic integrate ...12,300,466.88
Petroleum oils, etc, ...9,322,830.05
Parts of electronic ...3,156,740.11
Parts and accessorie ...2,846,847.03
Other coal, not aggl ...2,456,023.00

Top 5 Export and Import partners

Market Trade (US$ Mil) Partner share(%)
United States11,859 15.89
China11,531 15.45
Japan10,722 14.37
Hong Kong, China9,932 13.31
Singapore4,195 5.62
Exporter Trade (US$ Mil) Partner share(%)
China28,210 22.68
Japan11,832 9.51
Korea, Rep.9,630 7.74
Indonesia9,030 7.26
United States8,278 6.65

Exports and Imports of Product Groups

Product Categories Exports Imports
Export(US$ Mil) Product share(%) Import(US$ Mil) Prod share(%) Weighted Average (%)
Raw materials6,152 8.24 12,502 10.05 5.54
Intermediate goods8,843 11.85 28,487 22.90 0.86
Consumer goods12,445 16.68 35,668 28.67 3.72
Capital goods47,105 63.13 47,720 38.36 0.35

Trade Indicators

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HH Market concentration index: 0.10
Index of export market penetration: 9.47
World Growth: 12.50
Country Growth: 11.62

Tariffs

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No Of Tariff Agreement: 11
Maximum Rate (%): 65
Simple Average (%): 4.01
Weighted Average (%): 1.73
Duty Free Imports (US$ Thousand): 88,987,313.33
Duty Free Tariff Lines Share (%): 45.54

Development Indicators

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GDP (current US$): 394,087
GNI per capita, Atlas method (current US$): 3,550.00
Trade Balance (% of GDP): -11.98
Trade Balance (current US$ Mil): -47,214.00
Trade in services (% of GDP): 13.47
Trade (% of GDP): 63.48