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Philippines Trade at a Glance : Most Recent Values

Latest trade data available from various sources.
Philippines monthly trade data

Please note: The data from various sources are not from the same year.

Year

Philippines exports, imports, trade and tariff indicators 2023

Please note the exports, imports and tariff data are based on reported data and not gap filled. Please check the Data Availability for coverage.

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Philippines Trade

Overall Exports and Imports for Philippines 2024

The total value of exports (FOB) is US$ 72,984 million.
The total value of imports (CIF) is US$ 134,881 million.
The total trade was US$ 207,865 million.
The trade balance was US$ -61,897 million.

China Monthly Exports and imports, in Dec 2024

The total value of exports (FOB) is US$ 7,026,053 K.
The total value of imports (CIF) is US$ 11,653,020 K.
The total trade was US$ 18,679,073 K.
The trade balance was US$ -4,626,966 K.

Philippines Trade Indicators 2023

Hirschman Herfindahl Market concentration index is 0.08.
Index of export market penetration is 0.08.
World Growth in percentage is 0.08 and Philippines Country Growth is -9.58.

Philippines Service Trade data from WDI 2023

Philippines, Service imports (BoP, current US$) is 30,148,890,490.07.
Philippines, Service exports (BoP, current US$) is 48,331,841,173.50.
Philippines, Imports of goods and services as percentage of GDP is 40.78 %.
Philippines, Exports of goods and services as percentage of GDP is 26.64 %.

Tariff and Trade Barriers

Tariffs 2023

Tariffs imposed by Philippines in 2023 are below.

The maximum rate of tariff in percentage on any product is 65.
The simple average tariff across all products is 3.81.
The trade weighted average tariff is 1.96.
The total duty free imports in thousands of US dollars are 89,856,265.12 and duty free tariff line items share is 47.91.

Philippines Foreign Direct Investment (FDI) 2024

FDI Inward stock (in US$ Mil) was US$ 125,533 million.
FDI Inward stock flow (in US$ Mil) was US$ 8,938 million.
FDI Outward stock (in US$ Mil) was US$ 70,738 million.
FDI Outward stock flow (in US$ Mil) was US$ 2,880 million.

Non-Tariff Measures (NTM)

No Of NTM Measures is 103.
No Of NTM Affected Products (HS 6 Digit) is 5,204.

Philippines World Development Indicators (WDI) 2023

Key Development Indicators of Philippines in 2023 are below

The population of Philippines is 106,651,922.
GDP in US$ is 437,056 million .
GNI per capita, Atlas method in current US dollars is 4,320.00.
Trade balance in US$ is -61,827.00 million.
Trade in services as percentage of GDP is -14.15 %.

WDI

Philippines Global Value Chain (GVC) 2022

GVC related output as percentage of output was not available.
GVC related trade as percentage of trade was 49 %.

GVC

Philippines Services Service Policy Restrictive Database (SPRD)

Services Trade Restrictions Index (Over All) for Philippines is 53.50.

SPRD