Philippines (PHL)

Annual exports and imports in 2024 (USD).

Source: UN Comtrade. Warehouse 1: partner = World totals by HS4 and year.

Exports

$72.98B

Imports

$134.88B

Total trade

$207.86B

Trade balance

-$61.90B

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Philippines - trade dependency by partner, 2024 (USD)

Share of exports, imports, and total trade attributed to each partner.

Year: 2024 | Unit: USD | Snapshot: 20251222 | Source: UN Comtrade

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Showing top 10 partners by total dependency.

Rank #1

China (CHN)

Total

21.1%

Exports

12.9%

$9.42B

Imports

25.6%

$34.50B

Total

21.1%

$43.92B

Rank #2

USA (USA)

Total

10.1%

Exports

16.6%

$12.12B

Imports

6.6%

$8.85B

Total

10.1%

$20.97B

Rank #3

Japan (JPN)

Total

10.1%

Exports

14.1%

$10.25B

Imports

7.9%

$10.67B

Total

10.1%

$20.93B

Rank #4

Rep. of Korea (KOR)

Total

6.5%

Exports

4.9%

$3.56B

Imports

7.4%

$10.02B

Total

6.5%

$13.58B

Rank #5

Indonesia (IDN)

Total

5.9%

Exports

1.4%

$1.05B

Imports

8.4%

$11.29B

Total

5.9%

$12.34B

Rank #6

China, Hong Kong SAR (HKG)

Total

5.6%

Exports

13.2%

$9.60B

Imports

1.6%

$2.12B

Total

5.6%

$11.72B

Rank #7

Thailand (THA)

Total

5.2%

Exports

4.0%

$2.95B

Imports

5.8%

$7.80B

Total

5.2%

$10.75B

Rank #8

Singapore (SGP)

Total

4.3%

Exports

4.0%

$2.94B

Imports

4.4%

$5.99B

Total

4.3%

$8.93B

Rank #9

Malaysia (MYS)

Total

4.1%

Exports

3.0%

$2.21B

Imports

4.6%

$6.24B

Total

4.1%

$8.45B

Rank #10

Viet Nam (VNM)

Total

3.5%

Exports

2.3%

$1.65B

Imports

4.2%

$5.72B

Total

3.5%

$7.38B

Rank	Partner	Export dependency	Import dependency	Total dependency
1	China (CHN)	12.9% $9.42B	25.6% $34.50B	21.1% $43.92B
2	USA (USA)	16.6% $12.12B	6.6% $8.85B	10.1% $20.97B
3	Japan (JPN)	14.1% $10.25B	7.9% $10.67B	10.1% $20.93B
4	Rep. of Korea (KOR)	4.9% $3.56B	7.4% $10.02B	6.5% $13.58B
5	Indonesia (IDN)	1.4% $1.05B	8.4% $11.29B	5.9% $12.34B
6	China, Hong Kong SAR (HKG)	13.2% $9.60B	1.6% $2.12B	5.6% $11.72B
7	Thailand (THA)	4.0% $2.95B	5.8% $7.80B	5.2% $10.75B
8	Singapore (SGP)	4.0% $2.94B	4.4% $5.99B	4.3% $8.93B
9	Malaysia (MYS)	3.0% $2.21B	4.6% $6.24B	4.1% $8.45B
10	Viet Nam (VNM)	2.3% $1.65B	4.2% $5.72B	3.5% $7.38B

Generated by TradeVedia.comSource: UN Comtrade

Total trade for the Philippines in 2024 was $207.9B, with exports of $73.0B and imports of $134.9B.
The country's trade balance was -$61.9B in 2024.
The Philippines ranked 36th in total trade, 45th in exports, and 32nd in imports globally.
The top export partner for the Philippines was the United States, with a 16.6% share of exports valued at $12.1B.
China was the largest source of imports, accounting for 25.6% of the total with a value of $34.5B.
Electrical machinery and equipment (HS2 85) was the top export product, representing 50.3% of total exports at $36.7B.

Philippines Trade Performance in 2024

The Philippines' total trade in 2024 reached $207.9B. The country's exports were valued at $73.0B, while imports stood at $134.9B, leading to a trade deficit of -$61.9B. The Philippines was ranked 36th in the world for total trade. Key export destinations included the United States, Japan, and China. Major import partners were China, Indonesia, and Japan.

Top Traded Products

The Philippines' trade is dominated by industrial and electronic goods. The leading export category was Electrical machinery and equipment (HS2 85), with a total value of $36.7B, making up 50.3% of all exports. The second-largest export was Machinery and mechanical appliances (HS2 84) at $7.1B. On the import side, Electrical machinery and equipment (HS2 85) was also the most significant category, valued at $27.8B (20.6% of total imports), followed by Mineral fuels and oils (HS2 27) at $20.3B.

Exports

Philippines - exports over time (Exports), 2015-2024 (USD)

Annual reported export values across available years.

Flow: Exports | Years: 2015-2024 | Unit: USD | Source: UN Comtrade

Generated by TradeVedia.comSource: UN Comtrade

Top export categories

Largest HS2 categories by export value in the selected year.

#1 • HS 85

Electrical machinery and equipment and parts thereof; sound recorders and reproducers; television image and sound recorders and reproducers, parts and accessories of such articles

$36.71B

50.3% share

#2 • HS 84

Machinery and mechanical appliances, boilers, nuclear reactors; parts thereof

$7.14B

9.8% share

#3 • HS 90

Optical, photographic, cinematographic, measuring, checking, medical or surgical instruments and apparatus; parts and accessories

$3.41B

4.7% share

#4 • HS 26

Ores, slag and ash

$2.74B

3.8% share

#5 • HS 15

Animal, vegetable or microbial fats and oils and their cleavage products; prepared edible fats; animal or vegetable waxes

$2.33B

3.2% share

#6 • HS 08

Fruit and nuts, edible; peel of citrus fruit or melons

$2.10B

2.9% share

#7 • HS 74

Copper and articles thereof

$1.75B

2.4% share

#8 • HS 71

Natural, cultured pearls; precious, semi-precious stones; precious metals, metals clad with precious metal, and articles thereof; imitation jewellery; coin

$1.62B

2.2% share

#9 • HS 39

Plastics and articles thereof

$1.22B

1.7% share

#10 • HS 87

Vehicles; other than railway or tramway rolling stock, and parts and accessories thereof

$941.88M

1.3% share

#11 • HS 27

Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral waxes

$918.26M

1.3% share

#12 • HS 20

Preparations of vegetables, fruit, nuts or other parts of plants

$787.74M

1.1% share

#13 • HS 40

Rubber and articles thereof

$655.92M

0.9% share

#14 • HS 42

Articles of leather; saddlery and harness; travel goods, handbags and similar containers; articles of animal gut (other than silk-worm gut)

$608.73M

0.8% share

#15 • HS 88

Aircraft, spacecraft, and parts thereof

$592.70M

0.8% share

Rank	Category	Value	Share
1	Electrical machinery and equipment and parts thereof; sound recorders and reproducers; television image and sound recorders and reproducers, parts and accessories of such articles	$36.71B	50.3%
2	Machinery and mechanical appliances, boilers, nuclear reactors; parts thereof	$7.14B	9.8%
3	Optical, photographic, cinematographic, measuring, checking, medical or surgical instruments and apparatus; parts and accessories	$3.41B	4.7%
4	Ores, slag and ash	$2.74B	3.8%
5	Animal, vegetable or microbial fats and oils and their cleavage products; prepared edible fats; animal or vegetable waxes	$2.33B	3.2%
6	Fruit and nuts, edible; peel of citrus fruit or melons	$2.10B	2.9%
7	Copper and articles thereof	$1.75B	2.4%
8	Natural, cultured pearls; precious, semi-precious stones; precious metals, metals clad with precious metal, and articles thereof; imitation jewellery; coin	$1.62B	2.2%
9	Plastics and articles thereof	$1.22B	1.7%
10	Vehicles; other than railway or tramway rolling stock, and parts and accessories thereof	$941.88M	1.3%
11	Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral waxes	$918.26M	1.3%
12	Preparations of vegetables, fruit, nuts or other parts of plants	$787.74M	1.1%
13	Rubber and articles thereof	$655.92M	0.9%
14	Articles of leather; saddlery and harness; travel goods, handbags and similar containers; articles of animal gut (other than silk-worm gut)	$608.73M	0.8%
15	Aircraft, spacecraft, and parts thereof	$592.70M	0.8%

Labels hide HS codes by default — hover a category to reveal the code.

Philippines - export composition by product categories (Exports), 2024 (USD)

Largest product categories by export value in the selected year.

Flow: Exports | Year: 2024 | Unit: USD | Source: UN Comtrade

Generated by TradeVedia.comSource: UN Comtrade

Philippines - export composition by 4-digit product groups (Exports), 2024 (USD)

Area reflects share within the displayed list; hover for product codes.

Flow: Exports | Year: 2024 | Unit: USD | Source: UN Comtrade

Generated by TradeVedia.comSource: UN Comtrade

Imports

Philippines - imports over time (Imports), 2015-2024 (USD)

Annual reported import values across available years.

Flow: Imports | Years: 2015-2024 | Unit: USD | Source: UN Comtrade

Generated by TradeVedia.comSource: UN Comtrade

Top import categories

Largest HS2 categories by import value in the selected year.

#1 • HS 85

Electrical machinery and equipment and parts thereof; sound recorders and reproducers; television image and sound recorders and reproducers, parts and accessories of such articles

$27.76B

20.6% share

#2 • HS 27

Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral waxes

$20.25B

15.0% share

#3 • HS 84

Machinery and mechanical appliances, boilers, nuclear reactors; parts thereof

$11.07B

8.2% share

#4 • HS 87

Vehicles; other than railway or tramway rolling stock, and parts and accessories thereof

$9.64B

7.1% share

#5 • HS 10

Cereals

$5.12B

3.8% share

#6 • HS 39

Plastics and articles thereof

$4.49B

3.3% share

#7 • HS 72

Iron and steel

$4.42B

3.3% share

#8 • HS 26

Ores, slag and ash

$3.40B

2.5% share

#9 • HS 73

Iron or steel articles

$2.92B

2.2% share

#10 • HS 90

Optical, photographic, cinematographic, measuring, checking, medical or surgical instruments and apparatus; parts and accessories

$2.78B

2.1% share

#11 • HS 23

Food industries, residues and wastes thereof; prepared animal fodder

$2.38B

1.8% share

#12 • HS 30

Pharmaceutical products

$2.33B

1.7% share

#13 • HS 21

Miscellaneous edible preparations

$2.07B

1.5% share

#14 • HS 02

Meat and edible meat offal

$2.06B

1.5% share

#15 • HS 38

Chemical products n.e.c.

$1.71B

1.3% share

Rank	Category	Value	Share
1	Electrical machinery and equipment and parts thereof; sound recorders and reproducers; television image and sound recorders and reproducers, parts and accessories of such articles	$27.76B	20.6%
2	Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral waxes	$20.25B	15.0%
3	Machinery and mechanical appliances, boilers, nuclear reactors; parts thereof	$11.07B	8.2%
4	Vehicles; other than railway or tramway rolling stock, and parts and accessories thereof	$9.64B	7.1%
5	Cereals	$5.12B	3.8%
6	Plastics and articles thereof	$4.49B	3.3%
7	Iron and steel	$4.42B	3.3%
8	Ores, slag and ash	$3.40B	2.5%
9	Iron or steel articles	$2.92B	2.2%
10	Optical, photographic, cinematographic, measuring, checking, medical or surgical instruments and apparatus; parts and accessories	$2.78B	2.1%
11	Food industries, residues and wastes thereof; prepared animal fodder	$2.38B	1.8%
12	Pharmaceutical products	$2.33B	1.7%
13	Miscellaneous edible preparations	$2.07B	1.5%
14	Meat and edible meat offal	$2.06B	1.5%
15	Chemical products n.e.c.	$1.71B	1.3%

Labels hide HS codes by default — hover a category to reveal the code.

Philippines - import composition by product categories (Imports), 2024 (USD)

Largest product categories by import value in the selected year.

Flow: Imports | Year: 2024 | Unit: USD | Source: UN Comtrade

Generated by TradeVedia.comSource: UN Comtrade

Philippines - import composition by 4-digit product groups (Imports), 2024 (USD)

Area reflects share within the displayed list; hover for product codes.

Flow: Imports | Year: 2024 | Unit: USD | Source: UN Comtrade

Generated by TradeVedia.comSource: UN Comtrade