Overview: In 2018 Philippines was the number 38 economy in the world in terms of GDP (current US$), the number 38 in total exports, the number 33 in total imports, and the number 46 most complex economy according to the Economic Complexity Index (ECI). In 2018, Philippines exported $97.8B and imported $135B, resulting in a negative trade balance of -$36.7B. In 2018, Philippines's exports per capita were $917 and its imports per capita were $1.26k.
Trade: The top exports of Philippines are Integrated Circuits ($30.7B), Office Machine Parts ($8.89B), Computers ($4.97B), Semiconductor Devices ($3.42B), and Electrical Transformers ($2.48B). The top imports of Philippines are Integrated Circuits ($20.1B), Refined Petroleum ($9.22B), Crude Petroleum ($4.79B), Cars ($3.78B), and Planes, Helicopters, and/or Spacecraft ($2.46B).
Destinations: Philippines exports mostly to Hong Kong ($13.9B), United States ($13.8B), China ($13.3B), Japan ($11.2B), and Singapore ($7.92B), and imports mostly from China ($32.3B), South Korea ($12.6B), Japan ($11.6B), Chinese Taipei ($10.2B), and United States ($9.15B).
Location: Philippines borders China, Indonesia, Japan, Malaysia, Palau, and Vietnam by sea.