The Philippines is the 37th largest export economy in the world and the 43rd most complex economy according to the Economic Complexity Index (ECI). In 2017, the Philippines exported $99B and imported $105B, resulting in a negative trade balance of $5.9B. In 2017 the GDP of the Philippines was $313B and its GDP per capita was $8.34k.
The Philippines’ top 10 imports accounted for well over two-thirds (71.8%) of the overall value of its product purchases from other countries. Imported aircraft and spacecraft had the fastest-growing increase in value among the top 10 import categories, up 65.7% from 2017 to 2018.
Philippines top 10 exports accounted for about four-fifths (80.7%) of the overall value of its global shipments. Fruits and nuts was the fastest-growing among the Philippines’ top 10 export categories, up 16% from 2017 to 2018.
Philippines top 15 trading partners in 2018. Based on Investopedia definition of net importer, a country whose total value of all imported goods is lower than its value of all exports is said to have a positive trade balance or surplus.
Since 1980s, the Philippines have opened their economy to foreign markets, and established a network of free trade agreements with several countries. The United States is one of the Philippines top trading partner. In 2010, according to US Department of Commerce dad, trade between the Philippines and US amounts to US$15.4 billion.
Overview. Although the Philippines comprises of more than 7,000 islands, the vast majority of the population lives on only 11 of them. At present, the country is the 41st largest export economy in the world. Its annual exports total $54.3 billion and imports for the same period are $80.5 billion, resulting in a negative trade balance of $26.3 billion.
Philippines imports amounted to US$70.2 billion in 2015, up 10.2% since 2011 and up 3.6% from 2014 to 2015. Philippines’ top 10 imports accounted for almost two-thirds (71.8%) of the overall value of its product purchases from other countries. Phi...
Philippines's main export partners are: Japan (21 percent), the United States (15 percent), China (12 percent) and Hong Kong (8 percent). This page provides - Philippines Exports - actual values, historical data, forecast, chart, statistics, economic calendar and news.
Import numbers rarely match the source exporters’ stats. Reasons for import-export statistical discrepancies include re-exports, time lags, misallocations, distinct trade reporting systems, different quantity measurements and country confidentiality rules. Also, transportation and insurance costs are sometimes added to import totals.
Philippines's main import partners are: China (13 percent), the United States (11 percent), Japan (8 percent) and Taiwan (8 percent). This page provides the latest reported value for - Philippines Imports - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.