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Philippines export Statistics

Philippines Export data

The Philippines has surfaced as a crucial player in the global export market, thanks to its different range of products and industries. With a long history of transnational marketable efforts, the Philippines is a significant exporter of goods in international trade. The Philippines is an important contributor to the ASEAN's (Association of Southeast Asian Nations) trade and investment environment. However, analyzing the Philippines' export data for 2023 is pivotal to making informed opinions and tapping into new business openings If you're a global dealer or investor. 

According to the Philippines export data, Philippines exports accounted for $72.92 billion in 2023 with an 8% decline from the previous year. the top export commodity of the Philippines is electrical machinery ($40.58 billion) and the leading export partner of the Philippines is the USA ($11.42 billion). The total GDP of the Philippines is $437.15 billion. Philippines exports have a total GDP share of 25.75%. The Philippines is also a part of major trading blocs and organizations such as the WTO, ASEAN, and APEC. Let’s explore the Philippines export customs data, providing valuable trade insights and analysis to help you navigate this dynamic market or its export trends

Philippines Export Data | Philippines Trade Data | Philippines Customs Data

38

The country has been ranked 38th in global exports, showing a significant position in the international trade landscape.

0.43%

With a mere 0.43% share in global export trade, it becomes evident that its presence in the international export market is fairly on the rise.

USA

The USA holds a significant role as the largest export partner of the country in terms of goods exports.

ELECTRONIC INTEGRATED CIRCUITS

Electronic integrated circuits are the major and biggest export commodities of the country, playing a vital role in its economy.

Please select a country or provide either a description or HS Code.
export

Top 10 Exports from the Philippines in 2023

The Philippines boasts a robust export sector, contributing significantly to its economic growth. When it comes to exports, the country has a diverse portfolio that spans various industries. Its top 10 exports include electronic equipment, machinery, mineral products, vehicles, and coconut oil, to name a few. The top 10 Philippines exports in 2023 include:

  • Electrical machinery and equipment (HS code 85): 55.65% ($40.58 billion)
  • Nuclear reactors and machinery (HS code 84): 8.7% ($6.34 billion)
  • Copper and articles thereof (HS code 74): 3.45% ($2.51 billion)
  • Optical, medical, or surgical instruments (HS code 90): 3.44% ($2.50 billion)
  • Ores, slag, and ash (HS code 26): 3.06% ($2.23 billion)
  • Edible fruit and nuts (HS code 08): 2.68% ($1.95 billion)
  • Precious stones and metals (HS code 71): 1.96% ($1.43 billion)
  • Animal, vegetable, or microbial fats and oils (HS code 15): 1.76% ($1.28 billion)
  • Plastics and articles thereof (HS code 39): 1.45% ($1.05 billion)
  • Vehicles (HS code 87): 1.29% ($942.17 million)
    • Partners

    Top 10 Exporting Partners of the Philippines

    In terms of export partners, the Philippines has forged strong trade ties with several countries. Its top 10 export partners include the United States, Japan, China, Hong Kong, and Singapore, demonstrating the country's commitment to fostering international trade relationships. Major exporting partners of the Philippines in 2023 include:

    Value In Percentage(%)

  • USA: 15.7% (11.42 billion US$)
  • China: 14.6% (10.64 billion US$)
  • Japan: 14.3% (10.42 billion US$)
  • Hong Kong: 12% (8.77 billion US$)
  • Singapore: 4.8% (3.52 billion US$)
  • South Korea: 4.8% (3.47 billion US$)
  • Netherlands: 4.2% (3.08 billion US$)
  • Thailand: 4% (2.93 billion US$)
  • Taiwan: 3.6% (2.62 billion US$)
  • Germany: 3.4% (2.47 billion US$)
    • Sample Data

    The Significance of the Philippines Export Data

    We obtain trustworthy data from organizations, shipping businesses, and customs ports. This Trade Data contains a wide range of fields, such as HS codes, product descriptions, prices, quantities, origin country, destination country, and port names together with currency values. For traders and marketers, this trade data is crucial information that helps them to make informed decisions. From the HS codes and product descriptions to the quantity and cost of each product, everything can be obtained through this trade data. We have included a sample of this trade data for your convenience and greater understanding so that you can see what the trade data looks like as a whole, with complete details.

    Export data is a critical tool for understanding the performance and competitiveness of a country's frugality. By examining the customs database of the Philippines' export trade data, dealers and investors can gain precious perceptivity into the country's trade balance, top export destinations, HS code, Exporter name, major products, and industry trends. According to the export data of the Philippines, it exported goods worth $72.92 billion in 2023 with a decrease of 8% from 2022. This information is vital for relating implicit request openings, formulating effective marketing strategies, and staying ahead of the competition. So, as you can see, we obtain trustworthy data from organizations, shipping businesses, and customs ports. The trade data contains a wide range of fields, such as HS codes, product descriptions, prices, quantities, origin country, importers/exporters names and addresses, destination country, and port names together with currency values. For traders and marketers, this trade data is crucial information that helps them make informed decisions. From the HS codes and product descriptions to the quantity and cost of each product, everything can be obtained through this trade data. We have included a sample of the trade data for your convenience and greater understanding so that you can see what the trade data looks like as a whole, with complete details.

    Benefits

    Benefits of the Philippines Export Data

  • Obtain sincere leads from the Philippines marketplace.
  • Learn about current product demand in the Philippines.
  • Keep an eye on your rivals and surpass them.
  • Give your marketing plan a data-based approach.
  • Become well-known in the Philippines trade industry.
  • Set future corporate objectives and increase earnings.

    • Frequently Asked Questions!!

    The total value of exported goods in the Philippines in 2023 was $72.92 billion.

    The goods exports of the Philippines decreased by 8% in 2023 as compared to 2022.

    Electrical machinery and equipment are the top exports of the Philippines in 2023.

    The USA was the top export partner of the Philippines in 2023.

    Obtain sincere leads, learn about current product demand, keep an eye on rivals, give marketing plans a data-based approach, become well-known in the trade industry, set future corporate objectives, and increase earnings.

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