Trade Profiles
2021 Trade in commercial services
Transport
Travel Other commercial services
Industrial property
Merchandise trade Agricultural products Nonagricultural products
Philippines
Philippines
GDP (million current US$, 2020) GDP per capita (US$, 2018-2020) Current account balance (% GDP, 2020) Trade per capita (US$, 2018-2020) Trade (% GDP, 2018-2020)
362 243 3 374 3.2 964 28.6
Rank in world trade, 2020 Merchandise excluding intra-EU trade Commercial services excluding intra-EU trade
Exports
42 27 31 20
Imports
37 24 40 27
MERCHANDISE TRADE Value
Million US$ Merchandise exports, f.o.b. Merchandise imports, c.i.f.
Annual percentage change
2020 63 767 90 654 2020 0.36
Share in world total exports (%)
2010-2020 2 4
2019 2 -2
2020 -10 -23 2020 0.51
Share in world total imports (%)
Breakdown in economy's total exports
Breakdown in economy's total imports
By main commodity group, % (2019)
By main commodity group, % (2019)
Agricultural products: 10.2
Fuels and mining products: 6.6
Agricultural products: 13.2
Fuels and mining products: 14.2
Manufactures: 81.1
Other: 2.1
Manufactures: 72.6
Other: 0
By main destination, % (2019)
By main origin, % (2019)
United States of America: 16.3 China: 13.8 European Union: 11
Japan: 15.1 Hong Kong, China: 13.6 Other: 30.3
China: 22.8 European Union: 7.7 United States of America: 7.3
Japan: 9.6 Korea, Republic of: 7.5 Other: 45.1
Agricultural Products Value
Top exported products (Million US$) HS0803 HS1513 HS0804 HS2008 HS2402
2019 . 1 954 877 391 358 269
Bananas, including plantains Coconut (copra), or palm kernel oil Dates, figs, pineapples, avocados Plants' parts otherwise preserved Cigars, cheroots, cigarillos
Value
Top imported products (Million US$) HS1001 HS2304 HS1006 HS2106 HS2101
2019
Wheat and meslin Solid residues from soya-bean oil Rice Other food preparations Extracts, essences and concentrates
1 847 1 176 1 145 819 667
Share in economy's trade in agricultural products Exports 0%
20%
Imports 40%
0%
HS0803
HS1001
HS1513
HS2304
HS0804
HS1006
HS2008
HS2106
HS2402
HS2101
5%
10%
15%
Million US$ Exports Imports
Value
2019 5 864 14 117
Annual percentage change
2010-2019 6 9
2018 -7 14
2019 13 9
Non-Agricultural Products Value
Top exported products (Million US$) HS8542 HS8471 HS8544 HS8504 HS8473
2019
Electronic integrated circuits Automatic data-processing machines Insulated electric conductors Electrical transformers Parts and accessories for 8469-8472
21 895 6 186 2 647 2 003 1 688
Value
Top imported products (Million US$) HS8542 HS2710 HS2709 HS8703 HS8473
2019
Electronic integrated circuits Petroleum oils, other than crude Petroleum oils, crude Motor cars for transport of persons Parts and accessories for 8469-8472
13 315 7 626 3 512 3 136 2 386
Share in economy's trade in non-agricultural products Exports 0%
288
20%
Imports 40%
0%
HS8542
HS8542
HS8471
HS2710
HS8544
HS2709
HS8504
HS8703
HS8473
HS8473
5%
10%
15%
Million US$ Exports Imports
Value
2019 65 063 103 130
Annual percentage change
2010-2019 8 8
2018 -1 13
2019 4 1
World Trade Organization – Trade Profiles 2021
Philippines TRADE IN COMMERCIAL SERVICES Value
Million US$ Commercial services exports Commercial services imports
Annual percentage change
2020
2010-2020
31 391 17 746 2020 0.64
Share in world total exports (%) Breakdown in economy's total exports
2019
2020
7 5
-24 -36
6 4
2020 0.39
Share in world total imports (%) Breakdown in economy's total imports
By main services item, % (2020)
By main services item, % (2020)
Transport: 5.3 Other commercial services: 75.2
Travel: 6.4 Goods-related services: 13.1
Transport: 22.7 Other commercial services: 51
By main destination
Travel: 25.7 Goods-related services: 0.5
By main origin
Value
FATS sales Inward (million US$) Outward (million US$)
Annual percentage change
2020 na na
2010-2020 na na
2019 na na
2020 na na
Transport Philippines
300
World
200 100 0
2010
2013
2016
Value
Million US$ Exports Imports
2020
Transport exports (Index 2010=100)
2020 1 678 4 030
Exports By sea (2020) By air (2020) By other (2020)
2010-2020 2 2
Value
Share (%)
605 1 070 0
36.0 63.8 0.0
Annual percentage change 2019 7 -4
Imports By sea (2020) By air (2020) By other (2020)
2020 -42 -22
Value
Share (%)
3 504 525 0
86.9 13.0 0.0
Travel Philippines
400
World
Value
Million US$ Exports Imports
300 200 100 0
2010
2013
2016
2020 2 010 4 568
2010-2020 -3 -2
Annual percentage change 2019 19 1
2020 -79 -62
2020
Travel exports (Index 2010=100)
Other Commercial Services and Goods-related Services Exports of OCS by main item (2020) 1.1
0.6
74.7
Value
2020
2010-2020
Other commercial services Exports 23 591 Imports 9 056
Other business services ICTs
23.6
Million US$
Personal & cultural Other
6 12
2020
Goods-related services Exports a Imports
Annual percentage change
2010-2020
4 112 93
na 16
2019
2020
4 16
-2 -12
2019
2020
5 25
-8 -46
INDUSTRIAL PROPERTY Patent applications, 2019 Residents
501
Non-residents
3 879
Trademark applications, 2019 Total
4 380
Residents
23 445
Non-residents
14 397
Industrial design applications, 2019 Total
37 842
Residents
1 110
Non-residents
625
Total
1 735
a Break in series: 2016.
World Trade Organization – Trade Profiles 2021
289