Philippines Trade

Overall Exports and Imports for Philippines 2023

The total value of exports (FOB) is US$ 72,923 million.
The total value of imports (CIF) is US$ 133,752 million.
At the HS6 digit level, 2,828 products are exported to 197 countries and 4,274 products are imported from 214 countries.

Top 5 Products exports imports at HS 6 digit level 2023

The top five exported HS 6 digit level products to world by Philippines along with trade value are:

Philippines exported Monolithic integrated circuits, digital , worth 25,900,911.70 (US$ Thousands).
Philippines exported Parts and accessories of automatic data process , worth 3,560,722.28 (US$ Thousands).
Philippines exported Ignition wiring sets&oth wiring sets of a kind , worth 2,658,005.81 (US$ Thousands).
Philippines exported Copper cathodes and sections of cathodes unwrou , worth 1,941,133.02 (US$ Thousands).
Philippines exported Bananas, including plantains, fresh or dried , worth 1,220,477.66 (US$ Thousands).

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

Philippines imported Monolithic integrated circuits, digital , worth 12,112,227.03 (US$ Thousands).
Philippines imported Petroleum oils, etc, (excl. crude); preparation , worth 11,220,061.04 (US$ Thousands).
Philippines imported Petroleum oils and oils obtained from bituminou , worth 4,162,595.74 (US$ Thousands).
Philippines imported Other coal, not agglomerated, nes , worth 3,467,573.10 (US$ Thousands).
Philippines imported Copper ores and concentrates , worth 3,265,666.74 (US$ Thousands).

Philippines top 5 Export and Import partners 2023

The top five countries to which Philippines exported 2023 along with the partner share in percentage are:

Philippines exports to United States worth US$ 11,429 million, with a partner share of 15.67 percent.
Philippines exports to China worth US$ 10,648 million, with a partner share of 14.60 percent.
Philippines exports to Japan worth US$ 10,425 million, with a partner share of 14.30 percent.
Philippines exports to Hong Kong, China worth US$ 8,773 million, with a partner share of 12.03 percent.
Philippines exports to Singapore worth US$ 3,521 million, with a partner share of 4.83 percent.

The top five countries to which Philippines imported goods 2023 along with the share in percentage are

Philippines imports from China worth US$ 30,934 million, with a partner share of 23.13 percent.
Philippines imports from Indonesia worth US$ 12,284 million, with a partner share of 9.18 percent.
Philippines imports from Japan worth US$ 10,921 million, with a partner share of 8.16 percent.
Philippines imports from United States worth US$ 9,113 million, with a partner share of 6.81 percent.
Philippines imports from Korea, Rep. worth US$ 8,880 million, with a partner share of 6.64 percent.

Philippines Exports and Imports of Product Groups 2023

Exports and imports of products by stages of processing in 2023 are below along with their corresponding Product Share as percent of total export or import.

Philippines Raw materials exports are worth US$ 6,588 million, product share of 9.03%.
Philippines Raw materials imports are worth US$ 19,236 million, product share of 14.38%.
Philippines Intermediate goods exports are worth US$ 8,420 million, product share of 11.55%.
Philippines Intermediate goods imports are worth US$ 25,340 million, product share of 18.95%.
Philippines Consumer goods exports are worth US$ 13,032 million, product share of 17.87%.
Philippines Consumer goods imports are worth US$ 43,528 million, product share of 32.54%.
Philippines Capital goods exports are worth US$ 44,862 million, product share of 61.52%.
Philippines Capital goods imports are worth US$ 45,642 million, product share of 34.12%.