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2022
Flag → Flag
Exports $15.5BRnk 1 / 205
2022
Flag → Flag
Top Product $2.59BOffice Machine Parts
2022
Flag → Flag
Exports $8.38BRnk 37 / 219
2022
Flag → Flag
Top Product $1.43BIntegrated Circuits
2022
Flag
Economic Complexity (ECI) ECI 0.71Rnk 37 / 133
2022
Flag
Economic Complexity (ECI) ECI 1.47Rnk 10 / 133
2022
Flag  
GDP$404BCURRENT US$
Rnk 38 / 186
2012-2022
Flag
GDP GROWTH54.4%CURRENT US$
Rnk 51 / 186
2022
Flag
 GDP$25.5TCURRENT US$
Rnk 1 / 186
2012-2022
Flag
GDP GROWTH56.7%CURRENT US$
Rnk 45 / 186
2022
Flag
GDP PC $3,499CURRENT US$
Rnk 129 / 186
2012-2022
Flag
GDP PC GROWTH30.9%CURRENT US$
Rnk 61 / 186
2022
Flag
GDP PC$76,399CURRENT US$
Rnk 8 / 186
2012-2022
Flag
GDP PC GROWTH47.5%CURRENT US$
Rnk 39 / 186

About

Philippines-United States Trade: In 2022, Philippines exported $15.5B to United States. The main products that Philippines exported to United States were Office Machine Parts ($2.59B), Integrated Circuits ($1.87B), and Insulated Wire ($950M). Over the past 5 years the exports of Philippines to United States have increased at an annualized rate of 3.12%, from $13.3B in 2017 to $15.5B in 2022.

In 2022, Philippines did not export any services to United States.

United States-Philippines Trade: In 2022, United States exported $8.38B to Philippines. The main products that United States exported to Philippines were Integrated Circuits ($1.43B), Wheat ($950M), and Concentrated Milk ($413M). Over the past 5 years the exports of United States to Philippines have decreased at an annualized rate of 1.41%,  from $9B in 2017 to $8.38B in 2022.

In 2017, United States exported services to Philippines worth $3.27B, with Travel ($1.1B), Financial services ($509M), and Transportation ($445M) being the largest in terms of value.

Comparison: In 2022,  Philippines ranked 37 in the Economic Complexity Index (ECI 0.71), and 40 in total exports ($110B). That same year, United States ranked 10 in the Economic Complexity Index (ECI 1.47), and 2 in total exports ($1.95T).

Latest Trends

June, 2024

About

Overview In June 2024, Philippines exported $898M and imported $717M from United States, resulting in a positive trade balance of $181M. Between June 2023 and June 2024 the exports of Philippines have decreased by $-222M (-19.8%) from $1.12B to $898M, while imports decreased by $-34.9M (-4.65%) from $752M to $717M.

Trade In June 2024, the top exports of Philippines to United States were Commodities not elsewhere specified ($80.3M), Integrated Circuits ($79.5M), Insulated Wire ($65.8M), Telephones ($65.1M), and Electrical Transformers ($51.4M). In June 2024 the top imports of Philippines from United States were Integrated Circuits ($117M), Soybean Meal ($87.8M), Commodities not elsewhere specified ($60.2M), Wheat ($46.4M), and Concentrated Milk ($39.7M).

Growth In June 2024, the decrease in Philippines's year-by-year exports to United States was explained primarily by an decrease in product exports in Commodities not elsewhere specified ($-48.8M or -37.8%), Computers ($-35.3M or -52%), and Video Displays ($-9.86M or -50.4%). In June 2024, the decrease in Philippines's year-by-year imports  from United States was explained primarily by an decrease in product imports  in Vaccines, blood, antisera, toxins and cultures ($-113M or -92.1%), Soybean Meal ($-74.2M or -45.8%), and Wheat ($-31.5M or -40.4%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (June 2023 - June 2024)$-222M(-19.8%)
IMPORT GROWTH (June 2023 - June 2024)$-34.9M(-4.65%)

This section shows exports and imports data at subnational level for Philippines. Click any date in the line plot or any product to explore the exports or imports behavior of Philippines over time.

To check United States and Philippines trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore United States and Philippines Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Philippines exported $15.5B to United States. The main products exported from Philippines to United States were Office Machine Parts ($2.59B), Integrated Circuits ($1.87B), and Insulated Wire ($950M). During the last 5 years the exports of Philippines to United States have increased at an annualized rate of 3.12%, from $13.3B in 2017 to $15.5B in 2022.

In 2017, United States exported $8.38B to Philippines. The main products exported from United States to Philippines were Integrated Circuits ($1.43B), Wheat ($950M), and Concentrated Milk ($413M). During the last 5 years the exports of United States to Philippines have decreased at an annualized rate of 1.41%, from $9B in 2022 to $8.38B in 2017.

Exports from Philippines (Flag) to United States (Flag) (2022)

Exports from United States (Flag) to Philippines (Flag) (2022)

Market Competitiveness

Color
Philippines
Top DestinationUnited States$15.5B
United States
Top DestinationCanada$308B

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

In 2022, countries that imported more from Philippines than United States included Guam ($16.8M), Norfolk Island ($5.29M), and Northern Mariana Islands ($3.85M).

In 2022, countries that imported more from United States than Philippines included Canada ($308B), Mexico ($294B), and China ($151B).

Difference in imports from United States (Flag) and Philippines (Flag) (2022)

Comparative Advantage Philippines - United States

Flow
Scale

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

During 2022, Philippines had a large net trade with United States in the exports of Machines ($10.1B), Foodstuffs ($755M), and Textiles ($713M).

During 2017, United States had a large net trade with Philippines in the exports of Machines ($2.97B), Foodstuffs ($1.26B), and Vegetable Products ($1.12B).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Philippines United States+$1BIntegrated Circuits
Top Product Potential United States Philippines+$106MRefined Petroleum

We estimate the export potential of an economy for each product and destination using an extension of the bilateral relatedness model of Jun et al. (2019).This extended gravity model considers similarities among products and geographies and explains more than 50% of the variance in future trade flows.

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Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of Philippines and United States. This means that a dot/product with the flag of Philippines indicates it has a comparative advantage over United States. Similarly, a dot/product with the flag of United States indicates it has a comparative advantage over Philippines.

Product Space of Philippines (Flag) and United States (Flag) (2022)

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