Loading..

Philippines Trade Summary

2021

Philippines exports, imports, tariff by year.

Country and Region
Year
For at a glance i.e. latest available trade, tariff, trade barriers and other trade related data Click Here.
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 2021

Overall Exports and Imports for Philippines 2021

Exports and imports of Philippines in 2021 are below, along with number of countries and products

  • The total value of exports (FoB) was 74,620 million.
  • The total value of imports (CIF) was 124,390 million.
  • At the HS6 digit level, 2,830 products were exported to 200 countries and 4,316 products were imported from 205 countries.

Philippines top 5 Export and Import partners 2021

Top five countries to which Philippines exported in 2021 are below, along with the percent of total exports that went to that country:

  1. Philippines exports to United States worth US$ 11,859 million, with a partner share of 15.89 percent.
  2. Philippines exports to China worth US$ 11,531 million, with a partner share of 15.45 percent.
  3. Philippines exports to Japan worth US$ 10,722 million, with a partner share of 14.37 percent.
  4. Philippines exports to Hong Kong, China worth US$ 9,932 million, with a partner share of 13.31 percent.
  5. Philippines exports to Singapore worth US$ 4,195 million, with a partner share of 5.62 percent.

Top five countries from which Philippines imported goods in 2021 are below, along with percent of total imports that came from the country :

  1. Philippines imports from China worth US$ 28,210 million, with a partner share of 22.68 percent.
  2. Philippines imports from Japan worth US$ 11,832 million, with a partner share of 9.51 percent.
  3. Philippines imports from Korea, Rep. worth US$ 9,630 million, with a partner share of 7.74 percent.
  4. Philippines imports from Indonesia worth US$ 9,030 million, with a partner share of 7.26 percent.
  5. Philippines imports from United States worth US$ 8,278 million, with a partner share of 6.65 percent.

Philippines Top 5 Productsexports imports at HS 6 digit level 2021

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 23,967,177.48 (US$ Thousands).
  2. Philippines exported Parts and accessories of automatic data process , worth 7,149,092.78 (US$ Thousands).
  3. Philippines exported Ignition wiring sets&oth wiring sets of a kind , worth 2,327,176.97 (US$ Thousands).
  4. Philippines exported Copper cathodes and sections of cathodes unwrou , worth 2,080,853.83 (US$ Thousands).
  5. Philippines exported Nickel ores and concentrates , worth 1,455,948.58 (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 12,300,466.88 (US$ Thousands).
  2. Philippines imported Petroleum oils, etc, (excl. crude); preparation , worth 9,322,830.05 (US$ Thousands).
  3. Philippines imported Parts of electronic integrated circuits and mic , worth 3,156,740.11 (US$ Thousands).
  4. Philippines imported Parts and accessories of automatic data process , worth 2,846,847.03 (US$ Thousands).
  5. Philippines imported Other coal, not agglomerated, nes , worth 2,456,023.00 (US$ Thousands).

Exports and Imports of Product Groups 2021

Exports and imports of products by stages of processing in 2021 are below along with their corresponding Product Share as percent of total export or import

Tariffs 2021

Tariffs imposed by Philippines in 2021 are below

  • The maximum rate of tariff in percentage on any product was 65 percent.
  • The simple average tariff across all products was 4.01 percent.
  • The trade weighted average tariff was 1.73 .
  • The total duty free imports in thousands of US dollars were 88,987,313.33 and duty free tariff line items share was 45.54 percent.

Development Indicators 2021

Key Development Indicators of Philippines in 2021 are below

  • Philippines GDP in current US dollar was 394,087 million.
  • GNI per capita, Atlas method (current US$) was 3,550.00 .
  • Philippines Trade balance: as % of GDP was -11.98.
  • Trade balance in current US$ was -47,214.00 million.
  • Trade as percentage of GDP was 63.48 .
  • Trade in services as percentage of GDP was 13.47 .

Trade Indicators 2021

Trade Indicators for Philippines in 2021 are below

  • Hirschman Herfindahl market concentration index was 0.10.
  • Index of export market penetration was 9.47.
  • World Growth in percentage was 12.50 and Philippines Country Growth was 11.62 .