Philippines: Trade Statistics
Exporter Rank
41 / 127
Importer Rank
33 / 127
Trade Balance Rank
122 / 127
Total Trade [1]
| Total Exports (2019) | $70,926,674,490 |
|---|---|
| Total Imports (2019) | $117,247,264,757 |
| Trade Balance (2019) | ($46,320,590,267) |
| Exports of goods and services (% of GDP) (2020) [2] | 25.19% |
| Imports of goods and services (% of GDP) (2020) [2] | 32.99% |
Trade Partners [1]
Export Partners
Top 10 Export Countries
| Country | Export USD$ |
|---|---|
| United States | $11,573,892,498 |
| Japan | $10,674,916,696 |
| China | $9,814,427,518 |
| Hong Kong | $9,624,897,415 |
| Singapore | $3,831,791,658 |
| South Korea | $3,240,829,679 |
| Thailand | $2,972,465,089 |
| Germany | $2,723,148,920 |
| Netherlands | $2,266,052,624 |
| Malaysia | $1,825,274,249 |
Import Partners
Top 10 Import Countries
| Country | Import USD$ |
|---|---|
| China | $26,756,381,043 |
| Japan | $11,217,877,058 |
| South Korea | $8,759,567,823 |
| United States | $8,555,656,890 |
| Indonesia | $7,299,281,417 |
| Thailand | $7,249,017,907 |
| Singapore | $6,934,595,129 |
| Malaysia | $4,912,982,999 |
| Vietnam | $3,860,033,335 |
| Hong Kong | $3,770,706,168 |
Traded Goods [1] (at the 2-digit HS Code level)
Top 10 Export Goods
| HS Code | Export USD$ |
|---|---|
| (85) Electrical Machinery | $35,833,959,803 |
| (84) Industrial Machinery | $10,128,340,685 |
| (08) Fruit & Nuts | $2,632,019,469 |
| (90) Precision Instruments | $1,704,451,820 |
| (71) Precious Stones & Metals | $1,647,023,278 |
| (74) Copper | $1,421,615,189 |
| (26) Ores | $1,400,846,197 |
| (27) Oil & Mineral Fuels | $1,046,793,681 |
| (39) Plastics | $1,016,402,683 |
| (87) Motor Vehicles & Parts | $990,902,525 |
Top 10 Import Goods
| HS Code | Import USD$ |
|---|---|
| (85) Electrical Machinery | $28,356,888,238 |
| (27) Oil & Mineral Fuels | $14,135,574,176 |
| (84) Industrial Machinery | $12,742,024,565 |
| (87) Motor Vehicles & Parts | $8,720,001,535 |
| (72) Iron & Steel | $4,050,577,530 |
| (39) Plastics | $3,986,578,840 |
| (10) Cereals | $3,166,769,008 |
| (88) Aircraft | $3,136,333,098 |
| (90) Precision Instruments | $2,375,236,454 |
| (73) Iron & Steel Articles | $2,059,827,882 |
Sources:
- UN Comtrade (2019) except where stated otherwise.
- The World Bank. Accessed: 1/21/2022
Philippines