Philippines: Trade Statistics
Exporter Rank
44 / 138
Importer Rank
33 / 138
Trade Balance Rank
134 / 138
Total Trade [1]
| Total Exports (2021) | $74,619,528,755 |
|---|---|
| Total Imports (2021) | $124,390,447,217 |
| Trade Balance (2021) | ($49,770,918,462) |
| Exports of goods and services (% of GDP) (2022) [2] | 28.39% |
| Imports of goods and services (% of GDP) (2022) [2] | 44.03% |
Trade Partners [1]
Export Partners
Top 10 Export Countries
| Country | Export USD$ |
|---|---|
| United States | $11,858,657,197 |
| China | $11,530,840,475 |
| Japan | $10,722,303,731 |
| Hong Kong | $9,931,547,214 |
| Singapore | $4,194,783,019 |
| Thailand | $3,450,822,884 |
| Germany | $2,938,222,207 |
| South Korea | $2,573,886,610 |
| Netherlands | $2,253,693,321 |
| Malaysia | $1,891,938,866 |
Import Partners
Top 10 Import Countries
| Country | Import USD$ |
|---|---|
| China | $28,210,340,121 |
| Japan | $11,832,462,576 |
| South Korea | $9,630,014,432 |
| Indonesia | $9,030,468,696 |
| United States | $8,277,981,266 |
| Singapore | $7,246,874,099 |
| Thailand | $7,238,486,261 |
| Malaysia | $5,573,326,133 |
| Vietnam | $4,469,488,399 |
| Hong Kong | $3,421,626,749 |
Traded Goods [1] (at the 2-digit HS Code level)
Top 10 Export Goods
| HS Code | Export USD$ |
|---|---|
| (85) Electrical Machinery | $38,074,313,942 |
| (84) Industrial Machinery | $9,457,200,233 |
| (74) Copper | $2,582,716,092 |
| (90) Precision Instruments | $2,203,219,107 |
| (26) Ores | $1,983,730,046 |
| (08) Fruit & Nuts | $1,913,205,434 |
| (15) Fats & Oils | $1,493,636,068 |
| (39) Plastics | $1,265,736,621 |
| (87) Motor Vehicles & Parts | $1,171,734,802 |
| (71) Precious Stones & Metals | $1,137,851,023 |
Top 10 Import Goods
| HS Code | Import USD$ |
|---|---|
| (85) Electrical Machinery | $31,098,603,076 |
| (27) Oil & Mineral Fuels | $15,480,615,466 |
| (84) Industrial Machinery | $11,767,892,855 |
| (87) Motor Vehicles & Parts | $7,006,907,554 |
| (72) Iron & Steel | $4,885,383,410 |
| (39) Plastics | $4,411,660,815 |
| (30) Pharmaceuticals | $3,700,962,721 |
| (10) Cereals | $3,448,059,647 |
| (90) Precision Instruments | $2,649,453,884 |
| (73) Iron & Steel Articles | $2,342,123,347 |
Sources:
- UN Comtrade (2021) except where stated otherwise.
- The World Bank. Accessed: 10/8/2023
Philippines