The Philippines is the 37th largest export economy in the world and the 43rd most complex economy according to the Economic Complexity Index (ECI). In 2017, the Philippines exported $99B and imported $105B, resulting in a negative trade balance of $5.9B. In 2017 the GDP of the Philippines was $313B and its GDP per capita was $8.34k.
The top exports of the Philippines are Integrated Circuits ($32.2B), Office Machine Parts ($10B), Computers ($5.19B), Semiconductor Devices ($3.34B) and Insulated Wire ($2.42B), using the 1992 revision of the HS (Harmonized System) classification. Its top imports are Integrated Circuits ($12.1B), Refined Petroleum ($5.64B), Cars ($4.77B), Crude Petroleum ($3.15B) and Industrial Printers ($2.5B).
The top export destinations of the Philippines are China ($20B), Hong Kong ($14.8B), the United States ($13B), Japan ($11.4B) and Germany ($5.3B). The top import origins are China ($21.9B), Japan ($11.6B), South Korea ($8.74B), the United States ($8.34B) and Thailand ($7B).