Bound rate, simple mean, manufactured products in Philippines
Philippines: Bound rate, simple mean, manufactured products was 23.6% in 2022. ▬ Flat
Bound rate, simple mean, manufactured products in Philippines, 1995–2022
Source: Staff estimates, World Bank (WB). Measured in %.
Analysis
Philippines recorded 23.6% for bound rate, simple mean, manufactured products in 2022.
The figure is down 0.1% over ten years.
Over the whole period, bound rate, simple mean, manufactured products in Philippines peaked at 23.7% in 2004 and was at its lowest, 23.6%, in 2013.
Philippines ranks 72nd of 157 countries on this measure, in the middle of the range.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 23.7% | 23.6% | 23.7% | 5 |
| 2000s | 23.7% | 23.6% | 23.7% | 10 |
| 2010s | 23.6% | 23.6% | 23.6% | 9 |
| 2020s | 23.6% | 23.6% | 23.6% | 3 |
Countries ranked near Philippines
More private sector data for Philippines
- Merchandise exports 83.72 billion current US$ (2025)
- Manufactures exports 77.2% (2024)
- Food exports 10.4% (2024)
- Merchandise imports 141.20 billion current US$ (2025)
- Manufactures imports 65.2% (2024)
- Food imports 15.0% (2024)
- Merchandise trade 46.2% (2025)
- Commercial service exports 51.45 billion current US$ (2025)
- Transport services 19.5% (2025)
- Computer, communications and other services 29.8% (2025)
Frequently asked questions
- What is bound rate, simple mean, manufactured products in Philippines?
- Bound rate, simple mean, manufactured products in Philippines was 23.6% in 2022, according to Staff estimates, World Bank (WB).
- What is the highest bound rate, simple mean, manufactured products recorded in Philippines?
- The highest recorded value was 23.7% in 2004.
- What is the lowest bound rate, simple mean, manufactured products recorded in Philippines?
- The lowest recorded value was 23.6% in 2013.
- How does Philippines rank for bound rate, simple mean, manufactured products?
- Philippines ranks 72nd out of 157 countries with data for 2022.
- Is bound rate, simple mean, manufactured products rising or falling in Philippines?
- Over the last ten years it is down 0.1%. The long-run trend across the full record is flat.
- Where does this Philippines data come from?
- The figures come from Staff estimates, World Bank (WB), published as part of Bound rate, simple mean, manufactured products (%). Statizoid updates them automatically from the source API.
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About this data
Simple mean bound rate is the unweighted average of all the lines in the tariff schedule in which bound rates have been set. Bound rates result from trade negotiations incorporated into a country's schedule of concessions and are thus enforceable. Manufactured products are commodities classified in SITC revision 3 sections 5-8 excluding division 68.