Merchandise exports by the reporting economy in Philippines
Philippines: Merchandise exports by the reporting economy was 72.91 billion current US$ in 2023. ◆ Volatile
Merchandise exports by the reporting economy in Philippines, 1960–2023
Source: Staff estimates, World Bank (WB). Measured in current US$.
Analysis
In 2023, merchandise exports by the reporting economy in Philippines stood at 72.91 billion current US$.
Compared with earlier readings it is down 9.7% on the previous year and up 35.1% over ten years.
Over the whole period, merchandise exports by the reporting economy in Philippines peaked at 80.72 billion current US$ in 2022 and was at its lowest, 480.10 million current US$, in 1961.
That places Philippines 46th out of 204 countries with data for 2023, putting it in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 707.29 million current US$ | 480.10 million current US$ | 843.10 million current US$ | 10 |
| 1970s | 2.32 billion current US$ | 1.03 billion current US$ | 4.48 billion current US$ | 10 |
| 1980s | 5.52 billion current US$ | 4.48 billion current US$ | 7.65 billion current US$ | 10 |
| 1990s | 17.75 billion current US$ | 8.06 billion current US$ | 35.02 billion current US$ | 10 |
| 2000s | 40.77 billion current US$ | 32.12 billion current US$ | 50.43 billion current US$ | 10 |
| 2010s | 58.27 billion current US$ | 47.89 billion current US$ | 70.92 billion current US$ | 10 |
| 2020s | 72.95 billion current US$ | 63.55 billion current US$ | 80.72 billion current US$ | 4 |
Countries ranked near Philippines
More private sector data for Philippines
- Food imports 15.0% (2024)
- Manufactures imports 65.2% (2024)
- Merchandise imports 141.20 billion current US$ (2025)
- Merchandise trade 46.2% (2025)
- Food exports 10.4% (2024)
- Manufactures exports 77.2% (2024)
- Merchandise exports 83.72 billion current US$ (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 merchandise exports by the reporting economy in Philippines?
- Merchandise exports by the reporting economy in Philippines was 72.91 billion current US$ in 2023, according to Staff estimates, World Bank (WB).
- What is the highest merchandise exports by the reporting economy recorded in Philippines?
- The highest recorded value was 80.72 billion current US$ in 2022.
- What is the lowest merchandise exports by the reporting economy recorded in Philippines?
- The lowest recorded value was 480.10 million current US$ in 1961.
- How does Philippines rank for merchandise exports by the reporting economy?
- Philippines ranks 46th out of 204 countries with data for 2023.
- Is merchandise exports by the reporting economy rising or falling in Philippines?
- Over the last ten years it is up 35.1%. The long-run trend across the full record is volatile.
- Where does this Philippines data come from?
- The figures come from Staff estimates, World Bank (WB), published as part of Merchandise exports by the reporting economy (current US$). Statizoid updates them automatically from the source API.
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About this data
Merchandise exports by the reporting economy are the total merchandise exports by the reporting economy to the rest of the world, as reported in the IMF's Direction of trade database. Data are in current US$.