Country export capability

Philippines
export capability

A reported view of Philippines's export scale, destination network, sector breadth, trade history, and market-access context. Use the indicators together; no single measure describes export readiness on its own.

PHL1995-2024 coverage270 active partner marketsMacro trend resilient
Latest exports$83.1B2024 reported value
Latest imports$146.5B2024 reported value
Trade balance-$63.4BExports minus imports
Export growth-2.4%Latest year-on-year change
Active partners270Latest reported markets

Country export profile overview

Philippines export data in one research view

This profile brings together export performance, trade balance, destination markets, HS2 sectors, partner breadth, history, and market-access context for country export research.

Export scale and balance

Start with the latest reported trade position

In 2024, Philippines recorded $83.1B in exports and $146.5B in imports. The resulting -$63.4B trade balance gives the latest country-level position a clear context.

Exports changed -2.4% year on year and show a calculated -2.3% three-year CAGR. CAGR is an annualized comparison of reported values, not a forecast.

Markets and sectors

See where export value is concentrated

China received $16.2B in reported exports, representing 19.5% of the latest country total. Electrical machinery was the largest displayed HS2 export sector at $42.0B and 50.6% of exports.

The visible page highlights five leading destinations and five leading HS2 sectors, while the complete structured files retain every row supplied for this sample.

History and coverage

Read today's number against the long series

The country series covers 1995 through 2024, with 30 observed annual rows. That longer view helps separate a single-year movement from the broader export trend.

Partner counts, tariff context, concentration, exposure shares, and momentum are supporting indicators calculated from available trade observations. Missing values remain unavailable rather than estimated.

Economy and structure

The context around Philippines's export base

Macroeconomic and structural indicators add context to merchandise trade scale. They describe the country environment; they do not predict company performance or future exports.

GDP$461.6B2024 macro context
GDP per capita$4.0KCurrent-dollar GDP
Population115.8MReported population
Labor force49.3KReported labor force
Investment rate21.2%National investment rate
Savings rate15%National savings rate
Trade openness47.7%Exports + imports / GDP
Exports / GDP17.3%Merchandise exports / GDP
Secondary education80.9%Education context
Tertiary education29.8%Education context

Market signals

Where to look more closely next

Route-level risk and emerging-corridor signals for further research. These are calculated indicators, not forecasts.

Destination risk contextAll covered routes
Destination risk context for Philippines
DestinationAttentionAttention shareBelow peakApplied tariffPrimary reason
SingaporeSGPCritical attention48.6%56.6%0.4%Current trade remains materially below historical peaks
JapanJPNCritical attention75.7%30.8%1.8%Buyer-market concentration is the largest observed corridor exposure
USA, Puerto Rico and US Virgin IslandsUSAHigh attention77%28.4%2.4%Tariff, distance or agreement conditions create market-access friction
ChinaCHNWatch39.2%36.8%28.3%Buyer-market concentration is the largest observed corridor exposure
China, Hong Kong Special Administrative RegionHKGHigh attention56.7%30.9%0%Buyer-market concentration is the largest observed corridor exposure
GermanyDEUWatch44.8%24.2%1.7%Tariff, distance or agreement conditions create market-access friction
Republic of KoreaKORHigh attention65.5%27.2%13.5%Buyer-market concentration is the largest observed corridor exposure
NetherlandsNLDHigh attention94.1%41.5%1.8%Tariff, distance or agreement conditions create market-access friction
United KingdomGBRCritical attention80.4%38.2%Not reportedTariff, distance or agreement conditions create market-access friction
CanadaCANHigh attention75.5%32%5.3%Tariff, distance or agreement conditions create market-access friction

Full route coverage is retained. High attention means the route deserves closer product and access review.

Market opportunity signals

Product-market combinations worth investigating

All returned rows use buyer demand, exporter position, and calculated addressable-value fields. They are research signals, not forecasts.

Addressable-value signalsAll returned rows
Market opportunity signals for Philippines
RankMarket and productBuyer importsAddressable 3-year valueCurrent shareDemand signal
1ChinaHS6 260111 · Iron ores and concentrates: non-agglomerated$111.0B$119.1B0%Accelerating -2.6%
2USA, Puerto Rico and US Virgin IslandsHS6 270900 · Oils: petroleum oils and oils obtained from bituminous minerals, crude$165.0B$115.5B0%Accelerating +1.1%
3ChinaHS6 270900 · Oils: petroleum oils and oils obtained from bituminous minerals, crude$291.6B$98.7B0%Stable -6.7%
4ChinaHS6 854231 · Electronic integrated circuits: processors and controllers, whether or not combined with memories, converters, logic circuits, amplifiers, clock and timing circuits, or other circuits$158.0B$90.0B1.2%Growing +10.5%
5IndiaHS6 270900 · Oils: petroleum oils and oils obtained from bituminous minerals, crude$130.1B$73.0B0%Declining -0.5%
6ChinaHS6 854232 · Electronic integrated circuits: memories$80.6B$65.4B0.2%Growing +20.6%
7ChinaHS6 120190 · Soya beans: other than seed, whether or not broken$47.8B$62.4B0%Declining -13.5%
8ChinaHS6 854239 · Electronic integrated circuits: n.e.c. in heading no. 8542$81.8B$56.2B4.1%Accelerating +4%

Addressable value is a calculated field. Validate product, buyer, tariff, and route conditions before commercial decisions.

Detailed export portfolioHS4 lines beneath the leading sectorsOpen the detailed four-digit export table for Philippines.
All HS4 export lines2024 ranking
Top HS4 export lines for Philippines
RankHS4Parent HS2 sectorExportsShareActive HS6
18542HS4 detail codeElectrical machinery (85) ↗$21.5B25.8%5
28544HS4 detail codeElectrical machinery (85) ↗$3.2B3.8%8
38471HS4 detail codeMachinery (84) ↗$3.1B3.7%8
48473HS4 detail codeMachinery (84) ↗$3.0B3.6%5
58443HS4 detail codeMachinery (84) ↗$2.1B2.6%13
68504HS4 detail codeElectrical machinery (85) ↗$2.1B2.6%11
71513HS4 detail codeAnimal and vegetable fats (15) ↗$2.0B2.4%4
88541HS4 detail codeElectrical machinery (85) ↗$1.9B2.3%7
97108HS4 detail codePrecious stones and metals (71) ↗$1.9B2.3%3
108523HS4 detail codeElectrical machinery (85) ↗$1.5B1.8%8
118532HS4 detail codeElectrical machinery (85) ↗$1.5B1.8%9
122604HS4 detail codeOres, slag and ash (26) ↗$1.4B1.7%1

HS4 values are reported observations. The hierarchy is preserved; no missing descriptions are inferred.

The country export read

Philippines combines $83.1B in exports with a broad partner network.

In 2024, Philippines recorded $83.1B in reported exports and $146.5B in imports, producing a reported trade deficit of $63.4B. Exports changed -2.4% year on year and -2.3% annualized over three years. Electrical machinery (HS2 85) was the largest displayed export sector by value.

Destination network

Where Philippines exports move

All returned destination lanes ranked by latest reported export value. Share is calculated against the country total. Review sources ↗

Latest reported destination lanesAll returned · 2024
Leading export destinations for Philippines
RankDestinationLatest exportsShareYear-on-year3-year CAGR
1ChinaCHN$16.2B19.5%-3.2%-7.4%
2USA, Puerto Rico and US Virgin IslandsUSA$12.3B14.8%+5.5%-0.1%
3JapanJPN$9.6B11.5%-4%-3.9%
4China, Hong Kong Special Administrative RegionHKG$5.9B7.1%-1.3%-0.8%
5Republic of KoreaKOR$4.0B4.8%-2.4%+5.6%
6GermanyDEU$3.7B4.4%-6.4%-0.5%
7SingaporeSGP$3.4B4%-15.7%-19%
8ThailandTHA$3.1B3.7%+1.6%-4.6%
9MexicoMEX$2.7B3.2%+4.9%+3%
10TaiwanTWN$2.6B3.1%+0.2%-2.9%

Destination values are reported country-to-country observations. Full returned rows remain in the downloads.

Trade history

A long view of export scale

Latest twelve years from the 30-year reported country series. Context, not a forecast.

Reported exports by year

2013
$61.5B
2014
$67.8B
2015
$64.7B
2016
$63.4B
2017
$75.6B
2018
$79.0B
2019
$81.1B
2020
$74.6B
2021
$89.0B
2022
$100.7B
2023
$85.1B
2024
$83.1B

Partner network

Scale is only one part of export capability

Partner breadth, distance, agreements, and tariffs add context to reported exports.

FTA partner markets22Reported count
WTO partner markets169Reported count
EU partner markets28Reported count
Shared-border partners0Country context
Shared-language partners77Country context
Average partner distance10,105 kmCalculated average
Partners with FTA8.1%Calculated share
Applied tariff context0.1%Calculated average
MFN tariff context0.1%Calculated average
Tariff advantage+0.1 ppPreferential vs MFN

Exposure context

Signals to examine alongside export scale

Calculated or classified route and country context. Not predictions or recommendations.

Attention share57.8%

Covered value under attention

Critical share5.7%

Covered value marked critical

Below historical peak31.9%

Distance below route peaks

FTA-covered exports62.3%

Covered value with FTA context

Weighted tariff context0.1%

Export-weighted tariff

Macro contextMacro trend resilient

Primary attention driver: High trade volatility.

Momentum score-2.3

History-based indicator

Partner concentration911.4

Partner HHI

Product concentration355.3

Product HHI

Country attention level: Watch. Missing fields remain unavailable.

Complete country valuesOpen the full profile evidenceFull history, sectors, HS4, destinations, risk, opportunities, and source fields.

Profile fields

Year2,024
Country Iso3PHL
Exports Usd$83.1B
Imports Usd$146.5B
Trade Balance Usd-$63.4B
Yoy Exports Growth Pct-2.4%
Yoy Imports Growth Pct-0.6%
Exports Cagr 3y Pct-2.3%
Imports Cagr 3y Pct0.6%
Export Partner Hhi911.4
Export Product Hhi355.3
Momentum Score-2.3
Risk Score6.3
Gdp Million Usd461,617.51 million USD
Gdp Per Capita Usd$4.0K
Population115,843,670
Labor Force49,307.3
Investment Rate Pct21.2%
Savings Rate Pct15%
Secondary Education Pct80.9%
Tertiary Education Pct29.8%
Total Factor Productivity518.3
Trade Openness Pct47.7%
Exports Gdp Pct17.3%
Num Active Partners270
Num Fta Partners22
Num Wto Partners169
Num Eu Partners28
Num Shared Border Partners0
Num Shared Language Partners77
Avg Partner Distance Km10,105 km
Avg Partner Gdp Million Usd533,678,518.33 million USD
Avg Partner Gdp Per Capita Usd$15.8
Avg Buyer Biz Entry DaysNot reported
Avg Buyer Biz Entry Cost PctNot reported
Pct Partners With Fta8
Pct Partners Shared Language29
Pct Partners Shared Border0
Avg Applied Tariff Pct0.1%
Avg Mfn Tariff Pct0.1%
Avg Preferential Tariff Pct0%
Tariff Advantage Pp+0.1 pp
Avg Distance All Partners Km10,268
Num Border Partners0
Num Colonial Partners55
Avg Substitution Elasticity-9.9
Pct Products High Elasticity73
Pct Products Low Elasticity3
Real Market Potential221,334.6
Foreign Market Potential15,739.5

Exposure fields

Country Iso3PHL
All History Lane Count17,556
Current Lane Count11,203
Critical Lane Count132
High Attention Lane Count2,515
High Volatility Lane Count7,127
Unrecovered Drawdown Lane Count5,262
Declining Demand Lane Count88
Concentrated Market Lane Count4,777
Access Friction Lane Count5,194
Buyer Macro Weakness Lane Count1,378
Monitored Exports Current Usd$80.9B
Attention Exports Usd$46.8B
Critical Exports Usd$4.6B
High Volatility Exports Usd$31.9B
Unrecovered Drawdown Exports Usd$21.5B
Non Fta Exports Usd$30.4B
Monitored Attention Share Pct57.8%
Monitored Critical Share Pct5.7%
Fta Covered Exports Share Pct62.3%
Export Weighted Volatility Cv1
Export Weighted Below Peak Pct31.9%
Export Weighted Distance Km5,999 km
Export Weighted Tariff Pct0.1%
Latest Data Year2,024
First Data Year1,995
Country Years Count30
Total Exports Latest Usd$83.1B
Total Imports Latest Usd$146.5B
Trade Balance Latest Usd-$63.4B
Exports Yoy Latest Pct-2.4%
Exports Cagr 3y Latest Pct-2.3%
Gdp Latest Million Usd461,617.51 million USD
Gdp Per Capita Latest Usd$4.0K
Population Latest115,843,670
Investment Rate Latest Pct21.2%
Savings Rate Latest Pct15%
Trade Openness Latest Pct47.7%
Exports Gdp Latest Pct17.3%
Active Partners Latest270
Fta Partners Latest22
Foreign Market Potential Latest15,739.5
Gdp 5y Cagr Pct4.1%
Gdp Per Capita 5y Cagr Pct3.2%
Population 5y Cagr Pct0.9%
Partner Hhi Latest911.4
Partner Top1 Share Latest Pct19.5%
Partner Top3 Share Latest Pct45.8%
Partner Hhi All Avg1,133.1
Partner Hhi All Max1,771.4
Product Hhi Latest355.3
Product Top1 Share Latest Pct13.9%
Product Top3 Share Latest Pct26.4%
Product Hhi All Avg498.1
Product Hhi All Max798
Total Exports Attention Share Pct56.3%
Total Exports Critical Share Pct5.5%
Attention LevelWatch
Primary Risk DriverHigh trade volatility
Macro Resilience LabelMacro trend resilient

Annual country history

YearExportsImportsTrade balanceExports YoYExports CAGR 3Y
1995$19.4B$31.0B-$11.5BNot reportedNot reported
1996$24.5B$37.8B-$13.3B+25.9%Not reported
1997$29.2B$43.0B-$13.8B+19.4%Not reported
1998$31.9B$35.4B-$3.5B+9.2%+18%
1999$36.7B$37.6B-$910.8M+15%+14.4%
2000$44.2B$44.2B$53.0M+20.6%+14.8%
2001$39.3B$40.5B-$1.2B-11.2%+7.2%
2002$42.1B$43.5B-$1.4B+7.2%+4.7%
2003$45.7B$47.6B-$2.0B+8.4%+1.1%
2004$51.2B$52.1B-$937.6M+12.2%+9.2%
2005$55.3B$54.9B$381.6M+8%+9.5%
2006$63.5B$60.4B$3.1B+14.9%+11.7%
2007$68.1B$67.0B$1.1B+7.2%+10%
2008$63.0B$73.2B-$10.2B-7.5%+4.4%
2009$44.9B$57.6B-$12.7B-28.8%-11%
2010$60.0B$74.2B-$14.2B+33.7%-4.1%
2011$60.1B$81.1B-$21.0B+0.1%-1.6%
2012$60.9B$87.9B-$27.0B+1.4%+10.7%
2013$61.5B$92.9B-$31.4B+0.9%+0.8%
2014$67.8B$97.3B-$29.5B+10.2%+4.1%
2015$64.7B$93.3B-$28.6B-4.6%+2%
2016$63.4B$102.2B-$38.8B-1.9%+1%
2017$75.6B$115.6B-$40.0B+19.3%+3.7%
2018$79.0B$126.9B-$47.9B+4.4%+6.9%
2019$81.1B$127.5B-$46.4B+2.6%+8.5%
2020$74.6B$110.5B-$35.9B-7.9%-0.4%
2021$89.0B$144.1B-$55.1B+19.3%+4.1%
2022$100.7B$168.1B-$67.4B+13.2%+7.5%
2023$85.1B$147.3B-$62.3B-15.5%+4.5%
2024$83.1B$146.5B-$63.4B-2.4%-2.3%

Top export sectors

RankHS2SectorExportsShareExport partnersActive HS6
185Electrical machinery$42.0B50.6%179262
284Machinery$10.4B12.5%174515
390Optical and medical instruments$3.1B3.7%150142
426Ores, slag and ash$2.8B3.3%2431
571Precious stones and metals$2.6B3.2%9850
608Edible fruit and nuts$2.1B2.6%11666
715Animal and vegetable fats$2.1B2.6%10845
874Copper$2.0B2.4%6649
927Mineral fuels$1.0B1.3%5539
1039Plastics$907.5M1.1%145129

Detailed HS4 export lines

RankHS4Parent HS2ExportsShareActive HS6
18542Electrical machinery (85)$21.5B25.8%5
28544Electrical machinery (85)$3.2B3.8%8
38471Machinery (84)$3.1B3.7%8
48473Machinery (84)$3.0B3.6%5
58443Machinery (84)$2.1B2.6%13
68504Electrical machinery (85)$2.1B2.6%11
71513Animal and vegetable fats (15)$2.0B2.4%4
88541Electrical machinery (85)$1.9B2.3%7
97108Precious stones and metals (71)$1.9B2.3%3
108523Electrical machinery (85)$1.5B1.8%8
118532Electrical machinery (85)$1.5B1.8%9
122604Ores, slag and ash (26)$1.4B1.7%1

Top export destinations

RankDestinationISO3ExportsShareYoYCAGR 3Y
1ChinaCHN$16.2B19.5%-3.2%-7.4%
2USA, Puerto Rico and US Virgin IslandsUSA$12.3B14.8%+5.5%-0.1%
3JapanJPN$9.6B11.5%-4%-3.9%
4China, Hong Kong Special Administrative RegionHKG$5.9B7.1%-1.3%-0.8%
5Republic of KoreaKOR$4.0B4.8%-2.4%+5.6%
6GermanyDEU$3.7B4.4%-6.4%-0.5%
7SingaporeSGP$3.4B4%-15.7%-19%
8ThailandTHA$3.1B3.7%+1.6%-4.6%
9MexicoMEX$2.7B3.2%+4.9%+3%
10TaiwanTWN$2.6B3.1%+0.2%-2.9%

Destination risk context

RankDestinationAttentionAttention shareBelow peakApplied tariffPrimary reason
1Singapore (SGP)Critical attention48.6%56.6%0.4%Current trade remains materially below historical peaks
2Japan (JPN)Critical attention75.7%30.8%1.8%Buyer-market concentration is the largest observed corridor exposure
3USA, Puerto Rico and US Virgin Islands (USA)High attention77%28.4%2.4%Tariff, distance or agreement conditions create market-access friction
4China (CHN)Watch39.2%36.8%28.3%Buyer-market concentration is the largest observed corridor exposure
5China, Hong Kong Special Administrative Region (HKG)High attention56.7%30.9%0%Buyer-market concentration is the largest observed corridor exposure
6Germany (DEU)Watch44.8%24.2%1.7%Tariff, distance or agreement conditions create market-access friction
7Republic of Korea (KOR)High attention65.5%27.2%13.5%Buyer-market concentration is the largest observed corridor exposure
8Netherlands (NLD)High attention94.1%41.5%1.8%Tariff, distance or agreement conditions create market-access friction
9United Kingdom (GBR)Critical attention80.4%38.2%Not reportedTariff, distance or agreement conditions create market-access friction
10Canada (CAN)High attention75.5%32%5.3%Tariff, distance or agreement conditions create market-access friction

Emerging corridor signals

RankDestinationHS6SignalMarket importsCurrent shareStrength
1Afghanistan (AFG)621600new$122.0K94.6%100
2France (FRA)841840new$101.1M0.3%100
3Cambodia (KHM)740400new$9.7M1.7%100
4Gabon (GAB)870410new$1.9M38%100
5Guatemala (GTM)283526new$8.0M1.3%100
6Cambodia (KHM)810520new$2.4M100%100
7United Kingdom (GBR)790390new$2.5M4.6%100
8Georgia (GEO)852691new$1.1M9.6%100
9Switzerland, Liechtenstein (CHE)290629new$10.3M1.1%100
10Germany (DEU)470200new$421.6M0.2%100

Market opportunity signals

RankMarketHS6Buyer importsAddressable 3-year valueCurrent shareSignal
1China (CHN)260111$111.0B$119.1B0%Accelerating (-2.6%)
2USA, Puerto Rico and US Virgin Islands (USA)270900$165.0B$115.5B0%Accelerating (+1.1%)
3China (CHN)270900$291.6B$98.7B0%Stable (-6.7%)
4China (CHN)854231$158.0B$90.0B1.2%Growing (+10.5%)
5India (IND)270900$130.1B$73.0B0%Declining (-0.5%)
6China (CHN)854232$80.6B$65.4B0.2%Growing (+20.6%)
7China (CHN)120190$47.8B$62.4B0%Declining (-13.5%)
8China (CHN)854239$81.8B$56.2B4.1%Accelerating (+4%)

How to read this page

Separate reported scale from calculated context.

Reported exports, imports, trade balance, sector rows, destination rows, and annual history describe merchandise trade observations for the stated country and year.

CAGR, shares, concentration measures, tariff context, exposure shares, and momentum are calculated indicators built from the available observations. They help organize research but are not additional reported trade or forecasts.

Coverage runs from 1995 through 2024 for this profile. Missing values are shown as Not reported. Read the full methodology ↗

Reported observations

OECD BIMTS merchandise trade values are the primary series for this view.

Calculated indicators

Growth, share, HHI, tariff, and exposure fields are derived from available reported values.

Coverage limits

Unavailable values remain unavailable. No company sales, shipment records, or forecasts are implied.

Questions about this profile

Philippines export capability, in context

Short answers for readers comparing country export scale, partner breadth, and calculated trade indicators.

What does the Philippines export profile measure?

It combines reported exports, imports, history, destinations, HS2 sectors, partner context, and calculated indicators for Philippines.

What is the latest reported export value for Philippines?

Philippines recorded $83.1B in reported exports in 2024.

Which markets receive the most exports from Philippines?

China leads by reported export value at $16.2B in 2024. Five destination lanes are highlighted.

Which sectors lead Philippines's exports?

Electrical machinery leads by reported value at $42.0B. Five HS2 chapters are highlighted.

How many years of Philippines trade history are available?

This sample contains 30 observed annual rows covering 1995 through 2024. Missing observations are not estimated.

Are the growth and exposure values forecasts?

No. They are calculated or classified from reported observations, not forecasts or market-access guarantees.

Continue your research

Take the country view into a broader Yugalinks workspace.

Compare countries, products, sectors, and routes using the available trade evidence and definitions.

Data source

OECD trade statistics with CEPII context

OECD (2025), Balanced international merchandise trade statistics (BIMTS) - HS2017-6D, OECD Data Explorer (accessed on 2026-08-28). OECD BIMTS is the primary trade series for this view. Supporting bilateral trade context uses CEPII BACI bilateral trade flows (202601) under Etalab 2.0 Open Licence. Yugalinks presents derived views of reported observations and calculated indicators. Data terms: OECD Terms & Conditions.