Philippines

Compare Philippines →

PH · PHL · BACI 608 · latest data 2024

Exports

$99.4B USD, nominal · 2024

= $99,372 M7.8% over 5 yrs (up)

Imports

$138.6B USD, nominal · 2024

= $138,550 M12.8% over 5 yrs (up)

Trade balancedeficit

−$39.2B USD, nominal · 2024

= −$39,179 M

Total trade

$237.9B USD, nominal · 2024

= $237,922 M10.6% over 5 yrs (up)

World position: #41 of 225 exporters · top 25% · #34 of 225 importers · top 25% · 2024
World export share since 1995: +0.1 pp

Trade timeline

Philippines's exports grew from $18.5B in 1995 to $99.4B in 2024; the 2024 balance was −$39.2B.

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Exports, imports, trade balance and total trade of Philippines per year, USD millions.
Year	Exports ($M)	Imports ($M)	Balance ($M)	Total ($M)
1995	$18,537 M	$25,395 M	−$6,858 M	$43,932 M
1996	$26,082 M	$35,932 M	−$9,850 M	$62,013 M
1997	$32,370 M	$40,407 M	−$8,037 M	$72,777 M
1998	$35,358 M	$31,120 M	$4,238 M	$66,478 M
1999	$38,649 M	$32,188 M	$6,460 M	$70,837 M
2000	$47,559 M	$36,442 M	$11,117 M	$84,001 M
2001	$42,481 M	$34,682 M	$7,799 M	$77,163 M
2002	$46,342 M	$35,046 M	$11,296 M	$81,388 M
2003	$54,335 M	$38,164 M	$16,170 M	$92,499 M
2004	$58,621 M	$42,861 M	$15,760 M	$101,483 M
2005	$63,011 M	$45,223 M	$17,788 M	$108,234 M
2006	$69,573 M	$53,240 M	$16,334 M	$122,813 M
2007	$88,239 M	$61,997 M	$26,242 M	$150,235 M
2008	$84,891 M	$68,705 M	$16,185 M	$153,596 M
2009	$61,944 M	$53,155 M	$8,788 M	$115,099 M
2010	$75,900 M	$67,712 M	$8,188 M	$143,612 M
2011	$75,739 M	$67,394 M	$8,346 M	$143,133 M
2012	$80,890 M	$77,150 M	$3,740 M	$158,039 M
2013	$81,467 M	$80,290 M	$1,177 M	$161,757 M
2014	$74,059 M	$81,749 M	−$7,690 M	$155,808 M
2015	$78,465 M	$80,009 M	−$1,544 M	$158,474 M
2016	$79,040 M	$96,020 M	−$16,980 M	$175,061 M
2017	$107,885 M	$110,938 M	−$3,054 M	$218,823 M
2018	$114,316 M	$121,021 M	−$6,705 M	$235,336 M
2019	$92,156 M	$122,879 M	−$30,723 M	$215,035 M
2020	$86,943 M	$103,023 M	−$16,080 M	$189,966 M
2021	$106,359 M	$128,871 M	−$22,512 M	$235,231 M
2022	$121,131 M	$152,399 M	−$31,268 M	$273,531 M
2023	$100,839 M	$136,726 M	−$35,887 M	$237,564 M
2024	$99,372 M	$138,550 M	−$39,179 M	$237,922 M

30 rows

World share & rank

World export share moved from 0.4% in 1995 to 0.4% in 2024; export rank #39 → #41.

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World export and import share in percent, and world ranks, of Philippines per year.
Year	Export share (%)	Import share (%)	Export rank	Import rank
1995	0.37%	0.50%	#39	#37
1996	0.49%	0.67%	#31	#30
1997	0.58%	0.72%	#31	#30
1998	0.64%	0.56%	#31	#35
1999	0.67%	0.56%	#31	#33
2000	0.73%	0.56%	#29	#31
2001	0.67%	0.55%	#31	#33
2002	0.70%	0.53%	#31	#36
2003	0.71%	0.50%	#32	#38
2004	0.63%	0.46%	#36	#39
2005	0.60%	0.43%	#36	#39
2006	0.58%	0.44%	#37	#39
2007	0.63%	0.44%	#37	#42
2008	0.53%	0.43%	#41	#43
2009	0.50%	0.43%	#40	#42
2010	0.50%	0.45%	#39	#39
2011	0.42%	0.38%	#49	#47
2012	0.45%	0.43%	#43	#39
2013	0.45%	0.44%	#42	#38
2014	0.40%	0.45%	#45	#38
2015	0.49%	0.50%	#37	#36
2016	0.50%	0.61%	#37	#32
2017	0.61%	0.63%	#36	#32
2018	0.60%	0.63%	#35	#32
2019	0.50%	0.66%	#37	#32
2020	0.51%	0.60%	#37	#33
2021	0.50%	0.60%	#37	#33
2022	0.50%	0.63%	#37	#33
2023	0.45%	0.60%	#41	#34
2024	0.44%	0.61%	#41	#34

30 rows

Trading partners

China was Philippines's top trading partner in 2024, at 23.5% of total trade; the top five partners covered 53.9%.

Year

Top partner share: 23.5%
Top-5 share: 53.9%
Partners: 210
Partner HHI (0–1): 0.092

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China $18.7B

United States $14.2B

Hong Kong $11.4B

Japan $10.5B

Germany $4.7B

South Korea $4.5B

Singapore $4.2B

Thailand $3.3B

Mexico $3.3B

Malaysia $2.2B

Other Asia, nes $2.2B

Indonesia $1.8B

Vietnam $1.7B

India $1.6B

Australia $694M

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Top partners of Philippines in 2024, USD millions.
Rank	Partner	Exports to ($M)	Imports from ($M)	Total ($M)	Balance ($M)
#1	China	$18,745 M	$37,282 M	$56,027 M	−$18,537 M
#2	United States	$14,183 M	$8,846 M	$23,028 M	$5,337 M
#3	Japan	$10,534 M	$10,460 M	$20,995 M	$74 M
#4	South Korea	$4,471 M	$10,082 M	$14,553 M	−$5,611 M
#5	Hong Kong	$11,430 M	$2,288 M	$13,718 M	$9,142 M
#6	Indonesia	$1,768 M	$11,552 M	$13,321 M	−$9,784 M
#7	Thailand	$3,283 M	$7,876 M	$11,159 M	−$4,593 M
#8	Singapore	$4,178 M	$6,119 M	$10,296 M	−$1,941 M
#9	Malaysia	$2,244 M	$6,127 M	$8,372 M	−$3,883 M
#10	Vietnam	$1,654 M	$5,724 M	$7,378 M	−$4,070 M
#11	Germany	$4,663 M	$2,210 M	$6,873 M	$2,452 M
#12	Other Asia, nes	$2,185 M	$4,270 M	$6,454 M	−$2,085 M
#13	Australia	$694 M	$3,284 M	$3,978 M	−$2,590 M
#14	India	$1,563 M	$2,404 M	$3,967 M	−$841 M
#15	Mexico	$3,262 M	$436 M	$3,698 M	$2,826 M

15 rows

Products & sectors

Product composition of Philippines's trade in 2024.

Year

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Concentration & risk

Philippines's export partners diversified over 1995–2024 — HHI 0.203 → 0.092, a diversified export base across 197 partners in 2024.

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Export and import partner HHI (0–1) and partner counts of Philippines per year.
Year	Export HHI	Import HHI	Export partners	Import partners
1995	0.203	0.138	97	75
1996	0.162	0.093	167	146
1997	0.158	0.083	164	145
1998	0.164	0.083	173	157
1999	0.150	0.091	171	154
2000	0.133	0.080	184	170
2001	0.119	0.081	196	160
2002	0.109	0.073	204	181
2003	0.095	0.076	207	188
2004	0.091	0.069	210	162
2005	0.100	0.065	197	152
2006	0.113	0.065	206	153
2007	0.129	0.068	204	167
2008	0.114	0.066	201	167
2009	0.095	0.066	192	173
2010	0.099	0.065	196	174
2011	0.098	0.064	197	164
2012	0.107	0.066	204	176
2013	0.101	0.069	210	179
2014	0.094	0.071	208	183
2015	0.102	0.084	209	194
2016	0.098	0.088	207	199
2017	0.097	0.087	213	195
2018	0.096	0.085	204	196
2019	0.094	0.094	211	193
2020	0.101	0.102	209	200
2021	0.101	0.101	204	204
2022	0.082	0.096	206	208
2023	0.090	0.099	201	211
2024	0.092	0.107	197	203

30 rows

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