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 (%) | 2011 - 2022

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TOTAL. ALL COMMODITIESPhilippinesWorldExportsValue (US$)48,042,128,759.0051,995,223,994.0056,697,802,975.0061,809,755,230.0058,648,083,080.0056,312,747,948.0068,712,611,186.0067,487,668,298.0070,926,674,490.0065,214,435,072.0074,619,528,755.0078,928,518,085.00
Value Growth, YoY (%)-6.708.229.049.01-5.11-3.9822.01-1.785.09-8.0514.425.77
ImportsValue (US$)63,692,684,211.0065,349,780,522.0065,705,431,237.0067,718,868,519.0070,153,466,327.0085,908,572,116.00101,889,431,966.00115,038,016,454.94117,247,264,757.0095,066,801,050.00124,390,447,217.00145,880,017,845.00
Value Growth, YoY (%)8.932.600.543.063.5922.4518.6012.901.92-18.9130.8417.27

The value of merchandise exports from Philippines totalled $ 78 billion in 2022. Merchandise exports from Philippines increased by 5.77% compared to 2021. Goods exports grew up by $ 4.3 billion in 2022 (the value of merchandise exports from Philippines amounted to $74 billion in 2021)

Philippines's exports 2022 by country

Top export destinations of commodities from Philippines in 2022:

  • USA with a share of 15.8% (12.4 billion US$)
  • Japan with a share of 14% (11 billion US$)
  • China with a share of 13.8% (10.9 billion US$)
  • Hong Kong with a share of 13.2% (10.4 billion US$)
  • Singapore with a share of 6.21% (4.9 billion US$)
  • Thailand with a share of 4.27% (3.37 billion US$)
  • Korea with a share of 3.96% (3.12 billion US$)
  • Other Asia, nes with a share of 3.75% (2.96 billion US$)
  • Netherlands with a share of 3.72% (2.94 billion US$)
  • Germany with a share of 3.52% (2.77 billion US$)

Exports structure from Philippines in 2022 represented by the following main commodity groups:

  • 55% (43 billion US$): 85 - Electrical machinery and equipment and parts thereof; sound recorders and reproducers, television image and sound recorders and reproducers, and parts and accessories of such articles
  • 9.21% (7.27 billion US$): 84 - Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof
  • 3.05% (2.41 billion US$): 90 - Optical, photographic, cinematographic, measuring, checking, precision, medical or surgical instruments and apparatus; parts and accessories thereof
  • 2.87% (2.27 billion US$): 74 - Copper and articles thereof
  • 2.78% (2.2 billion US$): 15 - Animal, vegetable or microbial fats and oils and their cleavage products; prepared edible fats; animal or vegetable waxes
  • 2.59% (2.04 billion US$): 26 - Ores, slag and ash
  • 2.42% (1.91 billion US$): 08 - Edible fruit and nuts; peel of citrus fruit or melons
  • 1.67% (1.32 billion US$): 71 - Natural or cultured pearls, precious or semi-precious stones, precious metals, metals clad with precious metal and articles thereof; imitation jewelry; coin
  • 1.56% (1.23 billion US$): 27 - Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral waxes
  • 1.4% (1.1 billion US$): 39 - Plastics and articles thereof

What did Philippines export in 2022?

Philippines's Top Exports in 2022:

  • 36% ($28 billion): 8542 - Electronic integrated circuits and microassemblies
  • 3.51% ($2.77 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
  • 2.94% ($2.32 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
  • 2.69% ($2.12 billion): 1513 - Coconut (copra), palm kernel or babassu oil and fractions thereof, whether or not refined, but not chemically modified
  • 2.59% ($2.04 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
  • 2.43% ($1.92 billion): 7403 - Refined copper and copper alloys, unwrought.
  • 2.29% ($1.81 billion): 8504 - Electrical transformers, static converters (for example, rectifiers) and inductors
  • 2.16% ($1.71 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
  • 1.78% ($1.41 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
  • 1.59% ($1.25 billion): 2604 - Nickel ores and concentrates

The value of merchandise imports to Philippines totalled $ 145 billion in 2022. Merchandise imports to Philippines increased by 17.2% compared to 2021. Goods imports grew up by $ 21 billion in 2022 (the value of merchandise imports to Philippines was equal to $124 billion in 2021)

Philippines's imports 2022 by country

Top trading partners (import sources) of Philippines in 2022:

  • China with a share of 20% (29 billion US$)
  • Indonesia with a share of 9.55% (13.9 billion US$)
  • Japan with a share of 8.97% (13 billion US$)
  • Korea with a share of 8.72% (12.7 billion US$)
  • USA with a share of 6.64% (9.69 billion US$)
  • Singapore with a share of 5.79% (8.46 billion US$)
  • Thailand with a share of 5.24% (7.65 billion US$)
  • Other Asia, nes with a share of 4.86% (7.09 billion US$)
  • Malaysia with a share of 4.57% (6.68 billion US$)
  • Vietnam with a share of 3.27% (4.77 billion US$)

Imports structure to Philippines in 2022 represented by the following main commodity groups:

  • 22% (32 billion US$): 85 - Electrical machinery and equipment and parts thereof; sound recorders and reproducers, television image and sound recorders and reproducers, and parts and accessories of such articles
  • 17.6% (25 billion US$): 27 - Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral waxes
  • 8.11% (11.8 billion US$): 84 - Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof
  • 6.01% (8.78 billion US$): 87 - Vehicles other than railway or tramway rolling stock, and parts and accessories thereof
  • 3.58% (5.23 billion US$): 72 - Iron and steel
  • 3.13% (4.57 billion US$): 39 - Plastics and articles thereof
  • 2.96% (4.32 billion US$): 10 - Cereals
  • 2.08% (3.04 billion US$): 90 - Optical, photographic, cinematographic, measuring, checking, precision, medical or surgical instruments and apparatus; parts and accessories thereof
  • 1.91% (2.79 billion US$): 23 - Residues and waste from the food industries; prepared animal feed
  • 1.85% (2.7 billion US$): 30 - Pharmaceutical products

What did Philippines import in 2022?

Philippines's Top Imports in 2022:

  • 11.8% ($17.2 billion): 8542 - Electronic integrated circuits and microassemblies
  • 9.87% ($14.3 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
  • 4.14% ($6.04 billion): 2701 - Coal; briquettes, ovoids and similar solid fuels manufactured from coal
  • 2.59% ($3.78 billion): 2709 - Petroleum oils and oils obtained from bituminous minerals, crude
  • 2.44% ($3.57 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
  • 1.77% ($2.58 billion): 1001 - Wheat and meslin.
  • 1.73% ($2.53 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
  • 1.48% ($2.17 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
  • 1.45% ($2.12 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
  • 1.31% ($1.91 billion): 2304 - Oil-cake and other solid residues, whether or not ground or in the form of pellets, resulting from the extraction of soyabean oil

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Philippines | Imports and Exports | World | ALL COMMODITIES | Value (US$) and Value Growth, YoY (%) | 2011 - 2022