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Philippines
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Trade Statistics
Philippines: Trade Statistics
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:
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UN Comtrade (2021) except where stated otherwise.
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The World Bank. Accessed: 10/8/2023
Philippines
