Annual International Trade Statistics by Country (HS)
Publication date: 2024-01-28
Reporting period: 2002 - 2022
Timeseries: 194 million
Source:TrendEconomy
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Philippines | Imports and Exports | World | ALL COMMODITIES | Value (US$) and Value Growth, YoY (%) | 2009 - 2020

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2020
TOTAL. ALL COMMODITIESPhilippinesWorldExportsValue (US$)38,435,801,947.0051,497,514,607.0048,042,128,759.0051,995,223,994.0056,697,802,975.0061,809,755,230.0058,648,083,080.0056,312,747,948.0068,712,611,186.0067,487,668,298.0070,926,674,490.0065,214,435,072.00
Value Growth, YoY (%)-21.6833.98-6.708.229.049.01-5.11-3.9822.01-1.785.09-8.05
ImportsValue (US$)45,877,737,349.0058,467,803,681.0063,692,684,211.0065,349,780,522.0065,705,431,237.0067,718,868,519.0070,153,466,327.0085,908,572,116.00101,889,431,966.00115,038,016,454.94117,247,264,757.0095,066,801,050.00
Value Growth, YoY (%)-24.0627.448.932.600.543.063.5922.4518.6012.901.92-18.91

The value of merchandise exports from Philippines totalled $ 65 billion in 2020. Overall commodity exports from Philippines decreased by 8.05% compared to 2019. Merchandise exports decreased by $ 5.71 billion (the value of merchandise exports from Philippines amounted to $70 billion in 2019)

Philippines's exports 2020 by country

Top export destinations of commodities from Philippines in 2020:

  • Japan with a share of 15.3% (10 billion US$)
  • USA with a share of 15.3% (10 billion US$)
  • China with a share of 15% (9.83 billion US$)
  • Hong Kong with a share of 14.1% (9.22 billion US$)
  • Singapore with a share of 5.78% (3.77 billion US$)
  • Thailand with a share of 4.41% (2.87 billion US$)
  • Korea with a share of 4.37% (2.85 billion US$)
  • Germany with a share of 3.64% (2.37 billion US$)
  • Other Asia, nes with a share of 3.25% (2.12 billion US$)
  • Netherlands with a share of 2.94% (1.91 billion US$)

Exports structure from Philippines in 2020 represented by the following main commodity groups:

  • 52% (34 billion US$): 85 - Electrical machinery and equipment and parts thereof; sound recorders and reproducers, television image and sound recorders and reproducers, and parts and accessories of such articles
  • 12.3% (8.02 billion US$): 84 - Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof
  • 3.56% (2.32 billion US$): 08 - Edible fruit and nuts; peel of citrus fruit or melons
  • 2.74% (1.78 billion US$): 26 - Ores, slag and ash
  • 2.71% (1.76 billion US$): 90 - Optical, photographic, cinematographic, measuring, checking, precision, medical or surgical instruments and apparatus; parts and accessories thereof
  • 2.66% (1.74 billion US$): 74 - Copper and articles thereof
  • 2.12% (1.38 billion US$): 71 - Natural or cultured pearls, precious or semi-precious stones, precious metals, metals clad with precious metal and articles thereof; imitation jewelry; coin
  • 1.48% (966 million US$): 15 - Animal, vegetable or microbial fats and oils and their cleavage products; prepared edible fats; animal or vegetable waxes
  • 1.45% (951 million US$): 87 - Vehicles other than railway or tramway rolling stock, and parts and accessories thereof
  • 1.28% (835 million US$): 39 - Plastics and articles thereof

What did Philippines export in 2020?

Philippines's Top Exports in 2020:

  • 36% ($23 billion): 8542 - Electronic integrated circuits and microassemblies
  • 5.29% ($3.45 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
  • 3.29% ($2.15 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
  • 2.63% ($1.72 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
  • 2.52% ($1.64 billion): 0803 - Bananas, including plantains, fresh or dried
  • 2.41% ($1.57 billion): 7403 - Refined copper and copper alloys, unwrought.
  • 2.35% ($1.53 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
  • 1.97% ($1.28 billion): 7108 - Gold (including gold plated with platinum) unwrought or in semi-manufactured forms, or in powder form
  • 1.86% ($1.21 billion): 8504 - Electrical transformers, static converters (for example, rectifiers) and inductors
  • 1.63% ($1.06 billion): 2604 - Nickel ores and concentrates

The value of merchandise imports to Philippines totalled $ 95 billion in 2020. Overall commodity imports to Philippines decreased by 18.9% compared to 2019. Merchandise imports decreased by $ 22 billion (the value of merchandise imports to Philippines was equal to $117 billion in 2019)

Philippines's imports 2020 by country

Top trading partners (import sources) of Philippines in 2020:

  • China with a share of 23% (22 billion US$)
  • Japan with a share of 9.69% (9.21 billion US$)
  • USA with a share of 7.78% (7.4 billion US$)
  • Korea with a share of 7.61% (7.24 billion US$)
  • Indonesia with a share of 6.43% (6.12 billion US$)
  • Singapore with a share of 6.19% (5.88 billion US$)
  • Thailand with a share of 5.44% (5.17 billion US$)
  • Other Asia, nes with a share of 5.18% (4.92 billion US$)
  • Malaysia with a share of 4.45% (4.23 billion US$)
  • Vietnam with a share of 3.51% (3.33 billion US$)

Imports structure to Philippines in 2020 represented by the following main commodity groups:

  • 28% (26 billion US$): 85 - Electrical machinery and equipment and parts thereof; sound recorders and reproducers, television image and sound recorders and reproducers, and parts and accessories of such articles
  • 10.2% (9.7 billion US$): 84 - Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof
  • 8.72% (8.29 billion US$): 27 - Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral waxes
  • 5.66% (5.38 billion US$): 87 - Vehicles other than railway or tramway rolling stock, and parts and accessories thereof
  • 3.66% (3.48 billion US$): 72 - Iron and steel
  • 3.51% (3.34 billion US$): 39 - Plastics and articles thereof
  • 2.93% (2.79 billion US$): 10 - Cereals
  • 2.02% (1.92 billion US$): 90 - Optical, photographic, cinematographic, measuring, checking, precision, medical or surgical instruments and apparatus; parts and accessories thereof
  • 1.93% (1.83 billion US$): 73 - Articles of iron or steel
  • 1.86% (1.77 billion US$): 30 - Pharmaceutical products

What did Philippines import in 2020?

Philippines's Top Imports in 2020:

  • 14% ($13.3 billion): 8542 - Electronic integrated circuits and microassemblies
  • 4.79% ($4.55 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
  • 3.54% ($3.36 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
  • 2.12% ($2.01 billion): 8473 - Parts and accessories (other than covers, carrying cases and the like) suitable for use solely or principally with machines of headings 84.69 to 84.72
  • 2.07% ($1.97 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
  • 1.92% ($1.83 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
  • 1.71% ($1.62 billion): 1001 - Wheat and meslin.
  • 1.65% ($1.57 billion): 2701 - Coal; briquettes, ovoids and similar solid fuels manufactured from coal
  • 1.43% ($1.36 billion): 3004 - Medicaments (excluding goods of heading 30.02, 30.05 or 30.06) consisting of mixed or unmixed products for therapeutic or prophylactic uses, put up in measured doses (including those in the form of transdermal administration systems) or in forms or packings for retail sale
  • 1.41% ($1.34 billion): 2709 - Petroleum oils and oils obtained from bituminous minerals, crude

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Philippines | Imports and Exports | World | ALL COMMODITIES | Value (US$) and Value Growth, YoY (%) | 2009 - 2020