Taxes on international trade in Philippines
Philippines: Taxes on international trade was 916.67 billion current LCU in 2024. ◆ Volatile
Taxes on international trade in Philippines, 1990–2024
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in current LCU.
Analysis
Philippines recorded 916.67 billion current LCU for taxes on international trade in 2024. That is the highest value across all 35 years on record.
That represents a change of up 3.8% on the previous year and up 148.2% over ten years.
Over the whole period, taxes on international trade in Philippines peaked at 916.67 billion current LCU in 2024 and was at its lowest, 43.70 billion current LCU, in 1990.
Philippines ranks 22nd of 155 countries on this measure, 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 |
|---|---|---|---|---|
| 1990s | 78.85 billion current LCU | 43.70 billion current LCU | 104.85 billion current LCU | 10 |
| 2000s | 155.27 billion current LCU | 95.01 billion current LCU | 260.25 billion current LCU | 10 |
| 2010s | 393.39 billion current LCU | 259.24 billion current LCU | 630.31 billion current LCU | 10 |
| 2020s | 768.71 billion current LCU | 537.69 billion current LCU | 916.67 billion current LCU | 5 |
Countries ranked near Philippines
- 19 Democratic Republic of Congo 1.52 trillion current LCU compare
- 20 India 1.35 trillion current LCU compare
- 21 Iraq 952.68 billion current LCU compare
- 23 Chile 671.10 billion current LCU compare
- 24 Costa Rica 564.66 billion current LCU compare
- 25 Burkina Faso 525.93 billion current LCU compare
More public sector data for Philippines
- Arms imports 238.00 million SIPRI trend indicator values (2024)
- Tax revenue 14.4% (2024)
- Taxes on income, profits and capital gains 34.7% (2024)
- Taxes on goods and services 25.3% (2024)
- Net investment in nonfinancial assets 5.0% (2024)
- Net lending (+) / net borrowing (-) -5.7% (2024)
- Interest payments 17.3% (2024)
- Grants and other revenue 13.9% (2024)
- Interest payments 15.3% (2023)
- Other taxes 5.3% (2024)
Frequently asked questions
- What is taxes on international trade in Philippines?
- Taxes on international trade in Philippines was 916.67 billion current LCU in 2024, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest taxes on international trade recorded in Philippines?
- The highest recorded value was 916.67 billion current LCU in 2024.
- What is the lowest taxes on international trade recorded in Philippines?
- The lowest recorded value was 43.70 billion current LCU in 1990.
- How does Philippines rank for taxes on international trade?
- Philippines ranks 22nd out of 155 countries with data for 2024.
- Is taxes on international trade rising or falling in Philippines?
- Over the last ten years it is up 148.2%. The long-run trend across the full record is volatile.
- Where does this Philippines data come from?
- The figures come from Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Taxes on international trade (current LCU). Statizoid updates them automatically from the source API.
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About this data
Taxes on international trade are taxes that become payable when goods cross the national or customs frontiers of the economic territory or when transactions in services exchange between residents and non-residents. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.