Philippines Trade Statistics | WITS (2024)

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Exports, Imports, Products, Tariffs, GDP and related Development Indicator.

Country ISO3 : PHL Country Code : 608 Income Group : Lower middle income Lending Category : IBRD Region : East Asia & Pacific Currency Unit : Philippine peso WTO Member : Yes

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Product Exports and Imports

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Philippines had a total export of 74,619,528.76 in thousands of US$ and total imports of 124,390,447.22 in thousands of US$ leading to a negative trade balance of -49,770,918.46 in thousands of US$ The Effectively Applied Tariff Weighted Average (customs duty) for Philippines is 1.73% and the Most Favored Nation (MFN) Weighted Average tariff is 5.75%.The trade growth is 11.65% compared to a world growth of 12.59%. GDP of Philippines is 394,087,362,017.32 in current US$. Philippines services export is 33,570,007,667.31 in BoP, current US$ and services import is 19,531,184,172.76 in Bop, current US$.Philippines exports of goods and services as percentage of GDP is 25.75% and imports of goods and services as percentage of GDP is 37.73%.

Philippines Country Growth v/s World Growth v/s GDP Growth
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Philippines Trade Statistics | WITS (2024)
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