Philippines Trade

Latest trade data available from various sources.

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

Country / Region
Year
For viewing trade, tariff data for country or region by year 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.

TRADE SUMMARY FOR Philippines

2022

Overall Exports and Imports

Exports
Exports (in US$ Mil) 78,929
No. Of products 2,818
No. Of partners 204
Imports
Imports (in US$ Mil) 145,880
No. Of products 4,299
No. Of partners 208

Trade Indicator

HH Market concentration index0.08
Index of export market penetration9.14
World Growth5.18
Country Growth7.01

Service Indicators 2022

Service imports (BoP, current US$)25,438,718,587.71
Service exports (BoP, current US$)41,070,063,157.96
Imports of goods and services (% of GDP)44.03
Exports of goods and services (% of GDP)28.39

Philippines top 5 Export and Import partners

Market Trade (US$ Mil) Partner share(%)
United States12,477 15.81
Japan11,094 14.06
China10,966 13.89
Hong Kong, China10,479 13.28
Singapore4,909 6.22
Exporter Trade (US$ Mil) Partner share(%)
China29,796 20.43
Indonesia13,936 9.55
Japan13,086 8.97
Korea, Rep.12,730 8.73
United States9,691 6.64

Philippines Exports and Imports of Product Groups

Product Categories Exports Imports
Export(US$ Mil) Product share(%) Import(US$ Mil) Prod share(%) Weighted Average (%)
Raw materials6,839 8.67 19,765 13.55 3.62
Intermediate goods9,273 11.75 30,261 20.74 0.92
Consumer goods12,972 16.44 44,867 30.76 3.93
Capital goods49,790 63.08 50,974 34.94 0.39

Top 5 Products exports imports at HS 6 digit level

Exports
Monolithic integrate ...28,800,413.36
Parts and accessorie ...5,441,600.85
Ignition wiring sets ...2,377,915.60
Copper cathodes and ...1,897,214.50
Crude coconut (copra ...1,460,524.48
Imports
Monolithic integrate ...14,575,107.71
Petroleum oils, etc, ...14,398,902.36
Other coal, not aggl ...5,213,627.94
Petroleum oils and o ...3,782,077.94
Parts of electronic ...2,727,768.25

Tariff and Trade Barriers for Philippines

Tariffs 2022

No. Of Tariff Agreement 12
Simple Average (%) 3.95
Duty Free Imports (US$ Thousand) 102,413,200.91
Maximum Rate (%) 65
Weighted Average (%) 1.76
Duty Free Tariff Lines Share (%) 46.77

Overall Trade Restrictiveness Index (OTRI) 2009

OTRI »
Overall Trade Restrictiveness Index - MFN Tariff (2009)0.23
Overall Trade Restrictiveness Index - Applied Tariff (2009)0.22

Services Service Policy Restrictive Database (SPRD)

SPRD »
Services Trade Restrictions Index - Over All53.50

Non-Tariff Measures (NTM) 2015

No Of NTM Measures (2015)103
No Of NTM Affected Products (HS 6 Digit) (2015)5,204

Temporary Trade Barriers Database (TTDB) 2013

TTDB »
Temporary Trade Barriers in Effect - Simple Average (2013)0.08
Temporary Trade Barriers in Effect - Weighted Average (2013)0.05

World Development Indicators (WDI)

2022 WDI »
Population106,651,922
GDP (current US$ Mil)404,284
GNI per capita, Atlas method (current US$)3,950.00
Trade Balance (current US$ Mil)-63,256.00
Trade Balance (% of GDP)-15.65

Doing Business

2019 Doing Business »
Ease of Doing Business Rank95
Trading Across Borders Rank113

Country Policy and Institutional Assessment (CPIA)

CPIA »
CPIA Trade Ratings...

Logistics Performance Index (LPI)

2016 LPI »
LPI Score2.86
LPI Rank71