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) (2019) [2] 28.34%
Imports of goods and services (% of GDP) (2019) [2] 40.27%

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:

  1. UN Comtrade (2019) except where stated otherwise.
  2. The World Bank. Accessed: 11/17/2020
Philippines