Annual International Trade Statistics by Country (HS)
Publication date: 2024-01-28
Reporting period: 2002 - 2023
Timeseries: 194 million
Source:TrendEconomy
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Philippines | Imports and Exports | World | ALL COMMODITIES | Value (US$) and Value Growth, YoY (%) | 2012 - 2023

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The value of merchandise exports from Philippines totalled $ 72 billion in 2023. Overall commodity exports from Philippines decreased by 7.6% compared to 2022. Merchandise exports decreased by $ 6 billion (the value of merchandise exports from Philippines amounted to $78 billion in 2022)

Philippines's exports 2023 by country

Top export destinations of commodities from Philippines in 2023:

  • USA with a share of 15.6% (11.4 billion US$)
  • China with a share of 14.6% (10.6 billion US$)
  • Japan with a share of 14.2% (10.4 billion US$)
  • Hong Kong with a share of 12% (8.77 billion US$)
  • Singapore with a share of 4.82% (3.52 billion US$)
  • Korea with a share of 4.77% (3.47 billion US$)
  • Netherlands with a share of 4.23% (3.08 billion US$)
  • Thailand with a share of 4.01% (2.93 billion US$)
  • Other Asia, nes with a share of 3.6% (2.62 billion US$)
  • Germany with a share of 3.39% (2.47 billion US$)

Exports structure from Philippines in 2023 represented by the following main commodity groups:

  • 55% (40 billion US$): 85 - Electrical machinery and equipment and parts thereof; sound recorders and reproducers, television image and sound recorders and reproducers, and parts and accessories of such articles
  • 8.7% (6.34 billion US$): 84 - Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof
  • 3.44% (2.51 billion US$): 74 - Copper and articles thereof
  • 3.43% (2.5 billion US$): 90 - Optical, photographic, cinematographic, measuring, checking, precision, medical or surgical instruments and apparatus; parts and accessories thereof
  • 3.06% (2.23 billion US$): 26 - Ores, slag and ash
  • 2.68% (1.95 billion US$): 08 - Edible fruit and nuts; peel of citrus fruit or melons
  • 1.96% (1.43 billion US$): 71 - Natural or cultured pearls, precious or semi-precious stones, precious metals, metals clad with precious metal and articles thereof; imitation jewelry; coin
  • 1.76% (1.28 billion US$): 15 - Animal, vegetable or microbial fats and oils and their cleavage products; prepared edible fats; animal or vegetable waxes
  • 1.45% (1.05 billion US$): 39 - Plastics and articles thereof
  • 1.29% (942 million US$): 87 - Vehicles other than railway or tramway rolling stock, and parts and accessories thereof

What did Philippines export in 2023?

Philippines's Top Exports in 2023:

  • 35% ($25 billion): 8542 - Electronic integrated circuits and microassemblies
  • 4.18% ($3.05 billion): 8544 - Insulated (including enamelled or anodised) wire, cable (including co-axial cable) and other insulated electric conductors, whether or not fitted with connectors; optical fibre cables, made up of individually sheathed fibres, whether or not assembled with electric conductors or fitted with connectors
  • 2.68% ($1.96 billion): 7403 - Refined copper and copper alloys, unwrought.
  • 2.41% ($1.76 billion): 8504 - Electrical transformers, static converters (for example, rectifiers) and inductors
  • 2.15% ($1.57 billion): 8443 - Printing machinery; used for printing by means of plates, cylinders and other printing components of heading 84.42; other printers, copying machines and facsimile machines, whether or not combined; parts and accessories thereof
  • 1.8% ($1.31 billion): 8541 - Semiconductor devices (e.g. diodes, transistors, semiconductor based transducers); including photovoltaic cells assembled or not in modules or panels, light-emitting diodes (LED) assembled with other LEDs or not, mounted piezo-electric crystals
  • 1.76% ($1.28 billion): 8471 - Automatic data processing machines and units thereof; magnetic or optical readers, machines for transcribing data onto data media in coded form and machines for processing such data, not elsewhere specified or included
  • 1.67% ($1.22 billion): 0803 - Bananas, including plantains, fresh or dried
  • 1.65% ($1.2 billion): 7108 - Gold (including gold plated with platinum) unwrought or in semi-manufactured forms, or in powder form
  • 1.61% ($1.17 billion): 1513 - Coconut (copra), palm kernel or babassu oil and fractions thereof, whether or not refined, but not chemically modified

The value of merchandise imports to Philippines totalled $ 133 billion in 2023. Overall commodity imports to Philippines decreased by 8.31% compared to 2022. Merchandise imports decreased by $ 12.1 billion (the value of merchandise imports to Philippines was equal to $145 billion in 2022)

Philippines's imports 2023 by country

Top trading partners (import sources) of Philippines in 2023:

  • China with a share of 23% (30 billion US$)
  • Indonesia with a share of 9.18% (12.2 billion US$)
  • Japan with a share of 8.16% (10.9 billion US$)
  • USA with a share of 6.81% (9.11 billion US$)
  • Korea with a share of 6.63% (8.87 billion US$)
  • Thailand with a share of 6.12% (8.18 billion US$)
  • Singapore with a share of 5.52% (7.38 billion US$)
  • Malaysia with a share of 4.66% (6.23 billion US$)
  • Vietnam with a share of 3.71% (4.97 billion US$)
  • Other Asia, nes with a share of 3.68% (4.93 billion US$)

Imports structure to Philippines in 2023 represented by the following main commodity groups:

  • 20% (27 billion US$): 85 - Electrical machinery and equipment and parts thereof; sound recorders and reproducers, television image and sound recorders and reproducers, and parts and accessories of such articles
  • 15.8% (21 billion US$): 27 - Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral waxes
  • 8.27% (11 billion US$): 84 - Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof
  • 7.59% (10.1 billion US$): 87 - Vehicles other than railway or tramway rolling stock, and parts and accessories thereof
  • 3.1% (4.15 billion US$): 72 - Iron and steel
  • 3.09% (4.14 billion US$): 39 - Plastics and articles thereof
  • 3.02% (4.04 billion US$): 10 - Cereals
  • 2.98% (3.99 billion US$): 26 - Ores, slag and ash
  • 2.18% (2.92 billion US$): 90 - Optical, photographic, cinematographic, measuring, checking, precision, medical or surgical instruments and apparatus; parts and accessories thereof
  • 1.88% (2.52 billion US$): 73 - Articles of iron or steel

What did Philippines import in 2023?

Philippines's Top Imports in 2023:

  • 10% ($13.3 billion): 8542 - Electronic integrated circuits and microassemblies
  • 8.38% ($11.2 billion): 2710 - Petroleum oils and oils from bituminous minerals, not crude; preparations n.e.c. containing by weight 70% or more of petroleum oils or oils from bituminous minerals; these being the basic constituents of the preparations; waste oils
  • 3.65% ($4.89 billion): 8703 - Motor cars and other motor vehicles principally designed for the transport of persons (other than those of heading 87.02), including station wagons and racing cars
  • 3.11% ($4.16 billion): 2709 - Petroleum oils and oils obtained from bituminous minerals, crude
  • 3.04% ($4.07 billion): 2701 - Coal; briquettes, ovoids and similar solid fuels manufactured from coal
  • 2.44% ($3.26 billion): 2603 - Copper ores and concentrates
  • 1.64% ($2.2 billion): 8704 - Motor vehicles for the transport of goods
  • 1.54% ($2.07 billion): 8517 - Electrical apparatus for line telephony or line telegraphy, including line telephone sets with cordless handsets and telecommunication apparatus for carrier-current line systems or for digital line systems; videophones
  • 1.49% ($1.99 billion): 1001 - Wheat and meslin.
  • 1.34% ($1.8 billion): 8541 - Semiconductor devices (e.g. diodes, transistors, semiconductor based transducers); including photovoltaic cells assembled or not in modules or panels, light-emitting diodes (LED) assembled with other LEDs or not, mounted piezo-electric crystals

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Philippines | Imports and Exports | World | ALL COMMODITIES | Value (US$) and Value Growth, YoY (%) | 2012 - 2023