Flag United States / Philippines Flag

Exports Flag β†’ Flag  (2018): $9.15B, Rnk 30 / 215

Top Product Flag β†’ Flag (2018): $2.8B, Integrated Circuits

Exports Flag β†’ Flag (2018): $13.8B, Rnk 2 / 194

Top Product Flag β†’ Flag (2018): $2.37B, Office Machine Parts

Economic Complexity of Flag (2018): ECI 1.57, Rnk 9 / 137

Economic Complexity of Flag (2018): ECI 0.5, Rnk 46 / 137

United States-Philippines: In 2018, United States exported $9.15B to Philippines. The main products exported from United States to Philippines were Integrated Circuits ($2.8B), Wheat ($634M), and Soybean Meal ($428M). During the last 23 years the exports of United States to Philippines have increased at an annualized rate of 2.51%, from $5.17B in 1995 to $9.15B in 2018. In 2011, United States exported services to Philippines worth $1.45B, with Travel ($728M), Royalties and license fees ($310M), and Transportation ($271M) being the largest in terms of value.

Philippines-United States: In 2018, Philippines exported $13.8B to United States. The main products exported from Philippines to United States were Office Machine Parts ($2.37B), Integrated Circuits ($2.17B), and Computers ($721M). During the last 23 years the exports of Philippines to United States have increased at an annualized rate of 2.87%, from $7.21B in 1995 to $13.8B in 2018.

Comparison: In 2018, United States ranked 9 in the Economic Complexity Index (ECI 1.57), and 3 in total exports ($1.44T). That same year, Philippines ranked 46 in the Economic Complexity Index (ECI 0.5), and 38 in total exports ($97.8B). N/A

Bilateral Trade by Products

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Depth
Value

In 2018, United States exported $9.15B to Philippines. The main products exported from United States to Philippines were Integrated Circuits ($2.8B), Wheat ($634M), and Soybean Meal ($428M). During the last 23 years the exports of United States to Philippines have increased at an annualized rate of 2.51%, from $5.17B in 1995 to $9.15B in 2018.

In 2018, Philippines exported $13.8B to United States. The main products exported from Philippines to United States were Office Machine Parts ($2.37B), Integrated Circuits ($2.17B), and Computers ($721M). During the last 23 years the exports of Philippines to United States have increased at an annualized rate of 2.87%, from $7.21B in 1995 to $13.8B in 2018.

Market Competitiveness

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Measure

United States
Top Destination
: Mexico, $237B

Philippines
Top Destination
: Hong Kong, $13.9B

This map shows whether countries import more from United States or Philippines. Each country is colored based on the difference in imports they receive from United States and Philippines or the difference in the growth in imports.

In 2018, countries that imported more from United States than Philippines were Mexico ($237B), Canada ($190B), and China ($119B).

In 2018, countries that imported more from Philippines than United States were Guam ($9.97M), Norfolk Island ($2.92M), and Northern Mariana Islands ($2.55M).

Comparative Advantage United States - Philippines

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Depth

This chart compares trade between United States and Philippines by product, considering products traded by both, United States and Philippines.

During 2018, United States had a large net trade with Philippines in the exports of Machines ($4.32B), Foodstuffs ($1.18B), and Vegetable Products ($858M).

During 2018, Philippines had a large net trade with United States in the exports of Machines ($9.14B), Textiles ($838M), and Foodstuffs ($609M).

Tariff Section

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This sections shows import tariffs for products traded between United States and Philippines (using the HS6 product classification and the last year reported).

In 2018, the products from United States that paid the highest import tariffs to enter Philippines were Tobacco: smoking, other than water pipe tobacco, whether or not containing tobacco substitutes in any proportion (350%) and Homogenized or reconstituted tobacco (350%).

In 2018, the products from Philippines that paid the highest import tariffs to enter United States were Sugars: cane sugar, raw, in solid form, as specified in Subheading Note 2 to this chapter, not containing added flavouring or colouring matter (65%) and Sugars: cane sugar, raw, in solid form, other than as specified in Subheading Note 2 to this chapter, not containing added flavouring or colouring matter (65%).

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*The tariffs present between United States and Philippines are:
136: Most Favoured Nation duty rate treatement
136: Most Favoured Nation duty rate treatement
388: United States Generalized System of Preference
388: United States Generalized System of Preference

Trade Forecasts

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This section shows a forecast for total trade between United States and Philippines. The forecast is based on a long short-term memory model or LSTM constructed using yearly trade data.

To create custom forecast, or modify the parameters of the forecasting model, visit our Forecast Section.

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Bilateral Service Trade

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In 2011, United States exported services to Philippines worth $1.45B, with Travel ($728M), Royalties and license fees ($310M), and Transportation ($271M) being the largest in terms of value.

Service trade data is presented based on availability.

Economic Complexity

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Competitive Landscape

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This visualization show the product space at the HS4 level colored from blue to red.  This mean that the more blue a dot/product is, the more United States has comparative advantage over Philippines. Similarly, the more red a dot/product is, the more Philippines has comparative advantage over United States.