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Philippines Trade Summary

2022

Philippines exports, imports, tariff by year.

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 2022

Overall Exports and Imports for Philippines 2022

Exports and imports of Philippines in 2022 are below, along with number of countries and products

  • The total value of exports (FoB) was 78,929 million.
  • The total value of imports (CIF) was 145,880 million.
  • At the HS6 digit level, 2,818 products were exported to 204 countries and 4,299 products were imported from 208 countries.

Philippines top 5 Export and Import partners 2022

Top five countries to which Philippines exported in 2022 are below, along with the percent of total exports that went to that country:

  1. Philippines exports to United States worth US$ 12,477 million, with a partner share of 15.81 percent.
  2. Philippines exports to Japan worth US$ 11,094 million, with a partner share of 14.06 percent.
  3. Philippines exports to China worth US$ 10,966 million, with a partner share of 13.89 percent.
  4. Philippines exports to Hong Kong, China worth US$ 10,479 million, with a partner share of 13.28 percent.
  5. Philippines exports to Singapore worth US$ 4,909 million, with a partner share of 6.22 percent.

Top five countries from which Philippines imported goods in 2022 are below, along with percent of total imports that came from the country :

  1. Philippines imports from China worth US$ 29,796 million, with a partner share of 20.43 percent.
  2. Philippines imports from Indonesia worth US$ 13,936 million, with a partner share of 9.55 percent.
  3. Philippines imports from Japan worth US$ 13,086 million, with a partner share of 8.97 percent.
  4. Philippines imports from Korea, Rep. worth US$ 12,730 million, with a partner share of 8.73 percent.
  5. Philippines imports from United States worth US$ 9,691 million, with a partner share of 6.64 percent.

Philippines Top 5 Productsexports imports at HS 6 digit level 2022

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 28,800,413.36 (US$ Thousands).
  2. Philippines exported Parts and accessories of automatic data process , worth 5,441,600.85 (US$ Thousands).
  3. Philippines exported Ignition wiring sets&oth wiring sets of a kind , worth 2,377,915.60 (US$ Thousands).
  4. Philippines exported Copper cathodes and sections of cathodes unwrou , worth 1,897,214.50 (US$ Thousands).
  5. Philippines exported Crude coconut (copra) oil and fractions thereof , worth 1,460,524.48 (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 14,575,107.71 (US$ Thousands).
  2. Philippines imported Petroleum oils, etc, (excl. crude); preparation , worth 14,398,902.36 (US$ Thousands).
  3. Philippines imported Other coal, not agglomerated, nes , worth 5,213,627.94 (US$ Thousands).
  4. Philippines imported Petroleum oils and oils obtained from bituminou , worth 3,782,077.94 (US$ Thousands).
  5. Philippines imported Parts of electronic integrated circuits and mic , worth 2,727,768.25 (US$ Thousands).

Exports and Imports of Product Groups 2022

Exports and imports of products by stages of processing in 2022 are below along with their corresponding Product Share as percent of total export or import

Tariffs 2022

Tariffs imposed by Philippines in 2022 are below

  • The maximum rate of tariff in percentage on any product was 65 percent.
  • The simple average tariff across all products was 3.95 percent.
  • The trade weighted average tariff was 1.76 .
  • The total duty free imports in thousands of US dollars were 102,413,200.91 and duty free tariff line items share was 46.77 percent.

Development Indicators 2022

Key Development Indicators of Philippines in 2022 are below

  • Philippines GDP in current US dollar was 404,284 million.
  • GNI per capita, Atlas method (current US$) was 3,950.00 .
  • Philippines Trade balance: as % of GDP was -15.65.
  • Trade balance in current US$ was -63,256.00 million.
  • Trade as percentage of GDP was 72.42 .
  • Trade in services as percentage of GDP was 16.45 .

Trade Indicators 2022

Trade Indicators for Philippines in 2022 are below

  • Hirschman Herfindahl market concentration index was 0.08.
  • Index of export market penetration was 9.14.
  • World Growth in percentage was 5.18 and Philippines Country Growth was 7.01 .