Annual International Trade Statistics by Country (HS)
Publication date: 2022-11-14
Reporting period: 2002 - 2021
Timeseries: 194 million
Source:TrendEconomy
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Philippines | Imports and Exports | World | ALL COMMODITIES | Value (US$) and Value Growth, YoY (%) | 2010 - 2021

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TOTAL. ALL COMMODITIESPhilippinesWorldExportsValue (US$)51,497,514,607.0048,042,128,759.0051,995,223,994.0056,697,802,975.0061,809,755,230.0058,648,083,080.0056,312,747,948.0068,712,611,186.0067,487,668,298.0070,926,674,490.0065,214,435,072.0074,619,528,755.00
Value Growth, YoY (%)33.98-6.708.229.049.01-5.11-3.9822.01-1.785.09-8.0514.42
ImportsValue (US$)58,467,803,681.0063,692,684,211.0065,349,780,522.0065,705,431,237.0067,718,868,519.0070,153,466,327.0085,908,572,116.00101,889,431,966.00115,038,016,454.00117,247,264,757.0095,066,801,050.00124,390,447,217.00
Value Growth, YoY (%)27.448.932.600.543.063.5922.4518.6012.901.92-18.9130.84

The value of merchandise exports from Philippines totalled $ 74 billion in 2021. Merchandise exports from Philippines increased by 14.4% compared to 2020. Goods exports grew up by $ 9.4 billion in 2021 (the value of merchandise exports from Philippines amounted to $65 billion in 2020)

Philippines's exports 2021 by country

Top export destinations of commodities from Philippines in 2021:

  • USA with a share of 15.8% (11.8 billion US$)
  • China with a share of 15.4% (11.5 billion US$)
  • Japan with a share of 14.3% (10.7 billion US$)
  • Hong Kong with a share of 13.3% (9.93 billion US$)
  • Singapore with a share of 5.62% (4.19 billion US$)
  • Thailand with a share of 4.62% (3.45 billion US$)
  • Germany with a share of 3.93% (2.93 billion US$)
  • Korea with a share of 3.44% (2.57 billion US$)
  • Other Asia, nes with a share of 3.38% (2.52 billion US$)
  • Netherlands with a share of 3.02% (2.25 billion US$)

Exports structure from Philippines in 2021 represented by the following main commodity groups:

  • 51% (38 billion US$): 85 - Electrical machinery and equipment and parts thereof; sound recorders and reproducers, television image and sound recorders and reproducers, and parts and accessories of such articles
  • 12.6% (9.45 billion US$): 84 - Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof
  • 3.46% (2.58 billion US$): 74 - Copper and articles thereof
  • 2.95% (2.2 billion US$): 90 - Optical, photographic, cinematographic, measuring, checking, precision, medical or surgical instruments and apparatus; parts and accessories thereof
  • 2.65% (1.98 billion US$): 26 - Ores, slag and ash
  • 2.56% (1.91 billion US$): 08 - Edible fruit and nuts; peel of citrus fruit or melons
  • 2% (1.49 billion US$): 15 - Animal, vegetable or microbial fats and oils and their cleavage products; prepared edible fats; animal or vegetable waxes
  • 1.69% (1.26 billion US$): 39 - Plastics and articles thereof
  • 1.57% (1.17 billion US$): 87 - Vehicles other than railway or tramway rolling stock, and parts and accessories thereof
  • 1.52% (1.13 billion US$): 71 - Natural or cultured pearls, precious or semi-precious stones, precious metals, metals clad with precious metal and articles thereof; imitation jewelry; coin

What did Philippines export in 2021?

Philippines's Top Exports in 2021:

  • 32% ($24 billion): 8542 - Electronic integrated circuits and microassemblies
  • 5.01% ($3.74 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
  • 3.6% ($2.69 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
  • 3.4% ($2.54 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
  • 2.99% ($2.23 billion): 7403 - Refined copper and copper alloys, unwrought.
  • 2.43% ($1.81 billion): 8504 - Electrical transformers, static converters (for example, rectifiers) and inductors
  • 2.25% ($1.68 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
  • 1.95% ($1.45 billion): 2604 - Nickel ores and concentrates
  • 1.85% ($1.38 billion): 1513 - Coconut (copra), palm kernel or babassu oil and fractions thereof, whether or not refined, but not chemically modified
  • 1.76% ($1.32 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

The value of merchandise imports to Philippines totalled $ 124 billion in 2021. Merchandise imports to Philippines increased by 30% compared to 2020. Goods imports grew up by $ 29 billion in 2021 (the value of merchandise imports to Philippines was equal to $95 billion in 2020)

Philippines's imports 2021 by country

Top trading partners (import sources) of Philippines in 2021:

  • China with a share of 22% (28 billion US$)
  • Japan with a share of 9.51% (11.8 billion US$)
  • Korea with a share of 7.74% (9.63 billion US$)
  • Indonesia with a share of 7.25% (9.03 billion US$)
  • USA with a share of 6.65% (8.27 billion US$)
  • Singapore with a share of 5.82% (7.24 billion US$)
  • Thailand with a share of 5.81% (7.23 billion US$)
  • Other Asia, nes with a share of 4.84% (6.02 billion US$)
  • Malaysia with a share of 4.48% (5.57 billion US$)
  • Vietnam with a share of 3.59% (4.46 billion US$)

Imports structure to Philippines in 2021 represented by the following main commodity groups:

  • 25% (31 billion US$): 85 - Electrical machinery and equipment and parts thereof; sound recorders and reproducers, television image and sound recorders and reproducers, and parts and accessories of such articles
  • 12.4% (15.4 billion US$): 27 - Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral waxes
  • 9.46% (11.7 billion US$): 84 - Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof
  • 5.63% (7 billion US$): 87 - Vehicles other than railway or tramway rolling stock, and parts and accessories thereof
  • 3.92% (4.88 billion US$): 72 - Iron and steel
  • 3.54% (4.41 billion US$): 39 - Plastics and articles thereof
  • 2.97% (3.7 billion US$): 30 - Pharmaceutical products
  • 2.77% (3.44 billion US$): 10 - Cereals
  • 2.12% (2.64 billion US$): 90 - Optical, photographic, cinematographic, measuring, checking, precision, medical or surgical instruments and apparatus; parts and accessories thereof
  • 1.88% (2.34 billion US$): 73 - Articles of iron or steel

What did Philippines import in 2021?

Philippines's Top Imports in 2021:

  • 12.4% ($15.4 billion): 8542 - Electronic integrated circuits and microassemblies
  • 7.49% ($9.32 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
  • 2.68% ($3.34 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
  • 2.32% ($2.88 billion): 2701 - Coal; briquettes, ovoids and similar solid fuels manufactured from coal
  • 2.11% ($2.62 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
  • 1.82% ($2.27 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
  • 1.76% ($2.18 billion): 3002 - Human blood; animal blood for therapeutic, prophylactic or diagnostic uses; antisera, other blood fractions, immunological products, modified or obtained by biotechnological processes; vaccines, toxins, cultures of micro-organisms (excluding yeasts) etc
  • 1.56% ($1.95 billion): 1001 - Wheat and meslin.
  • 1.51% ($1.88 billion): 2709 - Petroleum oils and oils obtained from bituminous minerals, crude
  • 1.47% ($1.82 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 (%) | 2010 - 2021