{"id":47,"date":"2025-11-13T03:26:21","date_gmt":"2025-11-13T03:26:21","guid":{"rendered":"https:\/\/phimexdata.com\/?page_id=47"},"modified":"2025-11-19T06:57:46","modified_gmt":"2025-11-19T06:57:46","slug":"philippines-foreign-trade","status":"publish","type":"page","link":"https:\/\/phimexdata.com\/?page_id=47","title":{"rendered":"Trade Insight"},"content":{"rendered":"
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Top 10 Countries of Origin<\/span><\/p>\n<\/div>\n<\/div>\n<\/div>\n

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Imports (2022\u20112024) \u2013 The Philippines\u2019 import basket remains dominated by East Asian suppliers, with China leading the pack at\u202f$29.8\u202fbn in\u202f2022, climbing to\u202f$34.5\u202fbn in\u202f2024 (+\u202f15\u202f%). Indonesia follows, though its share fell from\u202f$13.9\u202fbn to\u202f$11.3\u202fbn, reflecting a modest contraction. Japan\u2019s imports dropped sharply from\u202f$13.1\u202fbn to\u202f$10.7\u202fbn, while South Korea\u2019s volume contracted then rebounded, ending at\u202f$10.0\u202fbn in\u202f2024. The United States, Thailand, Malaysia, Singapore, Vietnam, and Taiwan (China) round out the top ten, collectively accounting for roughly\u202f70\u202f% of total import value. The overall trend points to a growing reliance on Chinese goods, offset by a gradual diversification toward regional partners.<\/span><\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/section>\n

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Top 10 Countries of Origin<\/h5>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n
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Imports 2022 (Million US$)<\/h5>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n
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Imports 2024 (Million US$)<\/h5>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n
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Ch<\/span><\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n

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29,796<\/span><\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n

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30,934<\/span><\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n

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34,491<\/span><\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n

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Indonesia<\/span><\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n

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13,936<\/span><\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n

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12,284<\/span><\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n

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11,291<\/span><\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n

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Japan<\/span><\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n

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13,086<\/span><\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n

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10,921<\/span><\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n

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10,671<\/span><\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n

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South Korea<\/span><\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n

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12,730<\/span><\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n

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8,880<\/span><\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n

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10,020<\/span><\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n

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The United States<\/span><\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n

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9,662<\/span><\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n

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9,086<\/span><\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n

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8,816<\/span><\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n

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Thailand<\/span><\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n

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7,656<\/span><\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n

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8,187<\/span><\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n

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7,796<\/span><\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/section>\n

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Malaysia<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n

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6,681<\/span><\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n

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6,235<\/span><\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n

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6,239<\/span><\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n

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Singapore<\/span><\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n

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8,461<\/span><\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n

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7,388<\/span><\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n

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6,018<\/span><\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n

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Vietnam<\/span><\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n

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4,773<\/span><\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n

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4,975<\/span><\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n

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5,724<\/span><\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n

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Taiwan, China<\/span><\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n

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7,094<\/span><\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n

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4,932<\/span><\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n

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4,1<\/span><\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/section>\n

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Top 10 Countries of Destination<\/span><\/p>\n<\/div>\n<\/div>\n<\/div>\n

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Exports (2022\u20112024) \u2013 The United States continues as the chief destination, albeit with a slight dip to\u202f$12.1\u202fbn in\u202f2024 after a low of\u202f$11.4\u202fbn in\u202f2023. Japan remains a strong market, holding steady around\u202f$10.3\u202fbn. Hong\u202fKong (China) and China itself are key Asian outlets, together contributing over\u202f$19\u202fbn in\u202f2024, though China\u2019s share slipped to\u202f$9.4\u202fbn from\u202f$10.9\u202fbn in\u202f2022. South Korea, Thailand, Singapore, the Netherlands, Taiwan (China), and Germany complete the top\u2011ten list, together representing roughly two\u2011thirds of export earnings. While traditional markets retain prominence, the data hint at a modest shift toward diversified Asian and European destinations.<\/span><\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/section>\n

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Top 10 Countries of Destination<\/h5>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n
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Exports 2022 (Million US$)<\/h5>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n
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Exports 2023 (Million US$)<\/h5>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n
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Exports 2023 (Million US$)<\/h5>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n
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The United States<\/span><\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n

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12,461<\/span><\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n

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11,412<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n

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12,056<\/span><\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n

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Japan<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n

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11,094<\/span><\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n

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10,425<\/span><\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n

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10,254<\/span><\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n

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Hong Kong, China<\/span><\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n

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10,480<\/span><\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n

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8,773<\/span><\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n

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9,600<\/span><\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n

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China<\/span><\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n

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10,966<\/span><\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n

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10,648<\/span><\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n

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9,423<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n

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South Korea<\/span><\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n

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3,127<\/span><\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n

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3,479<\/span><\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n

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3,564<\/span><\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n

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Thailand<\/span><\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n

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3,374<\/span><\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n

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2,930<\/span><\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n

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2,954<\/span><\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/section>\n

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Singapore<\/span><\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n

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4,909<\/span><\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n

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3,521<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n

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2,935<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n

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NetherLands<\/span><\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n

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2,941<\/span><\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n

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3,085<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n

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2,867<\/span><\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n

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Taiwan, China<\/span><\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n

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2,965<\/span><\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n

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2,629<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n

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2,676<\/span><\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n

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Germany<\/span><\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n

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2,779<\/span><\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n

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2,479<\/span><\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n

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2,456<\/span><\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/section>\n

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Top 10 Commodities Imported 2024<\/span><\/p>\n<\/div>\n<\/div>\n<\/div>\n

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The distribution of import values points to a highly concentrated manufacturing\u2011supply chain. China\u2019s dominant $34.5\u202fbn share reflects massive inflows of electronic components, consumer appliances, and intermediate machinery parts. Indonesia ($11.3\u202fbn) and Vietnam ($5.7\u202fbn) supply primarily raw commodities\u2014palm oil, rubber, and agricultural staples\u2014that feed downstream processing. Japan ($10.7\u202fbn) and South\u202fKorea ($10.0\u202fbn) contribute high\u2011tech equipment, automotive parts, and precision instruments. The United States, Thailand, Malaysia, Singapore and Taiwan (China) together account for the remaining 30\u202f% of imports, largely consisting of specialty chemicals, refined petroleum products, and niche electronic assemblies. Overall, the Philippines\u2019 import basket is overwhelmingly oriented toward finished and semi\u2011finished manufactured goods from its East\u2011Asian neighbors, with a modest but essential flow of primary commodities from Southeast\u2011Asian producers.<\/span><\/p>\n<\/div>\n<\/div>\n<\/div>\n

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Top 10 Commodities Exported 2024<\/span><\/p>\n<\/div>\n<\/div>\n<\/div>\n

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Export revenues are similarly focused on high\u2011value manufactured output. The United States ($12.1\u202fbn) and Japan ($10.3\u202fbn) absorb the bulk of Filipino electronics, semiconductor\u2011related hardware, and value\u2011added processed foods. Trade with Hong\u202fKong and mainland China (~$19\u202fbn combined) is driven by agricultural exports\u2014seafood, tropical fruits, and coconut products\u2014as well as re\u2011exported electronics. South\u202fKorea, Thailand, Singapore, the Netherlands, Taiwan (China) and Germany each receive between $2.5\u202fbn and $3.5\u202fbn, predominantly in electronic devices, computer peripherals, and select petrochemical derivatives. The export profile therefore underscores a dual strategy: supplying sophisticated electronic and tech\u2011manufactured goods to advanced economies while leveraging the country\u2019s comparative advantage in agricultural and marine commodities for regional markets.<\/span><\/p>\n<\/div>\n<\/div>\n<\/div>\n

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The Best Solutions<\/span><\/h1>\n<\/div>\n<\/div>\n<\/div>\n
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Stay ahead with data\u2011driven trade insights.\u202f<\/span><\/h4>\n

For questions or partnership inquiries, reach out at\u202f <\/span>phimexdata[at]protonmail.com<\/span><\/h4>\n<\/div>\n<\/div>\n<\/div>\n
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<\/p>\n","protected":false},"excerpt":{"rendered":"

Top 10 Countries of Origin Imports (2022\u20112024) \u2013 The Philippines\u2019 import basket remains dominated by East Asian suppliers, with China leading the pack at\u202f$29.8\u202fbn in\u202f2022, climbing to\u202f$34.5\u202fbn in\u202f2024 (+\u202f15\u202f%). Indonesia follows, though its share fell from\u202f$13.9\u202fbn to\u202f$11.3\u202fbn, reflecting a modest contraction. Japan\u2019s imports dropped sharply from\u202f$13.1\u202fbn to\u202f$10.7\u202fbn, while South Korea\u2019s volume contracted then rebounded, ending at\u202f$10.0\u202fbn […]<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"brizy-blank-template.php","meta":{"footnotes":""},"class_list":["post-47","page","type-page","status-publish","hentry"],"brizy_media":[{"id":282,"url":"https:\/\/phimexdata.com\/wp-content\/uploads\/2025\/11\/Top-10-Commodities-Imported-2024-Million-USD-scaled.jpg","name":"Top-10-Commodities-Imported-2024-Million-USD.jpg","meta":{"brizy_attachment_uid":"wp-7a7dc548ff45f63514f31c0c519cd9a6.jpg","brizy_post_uid":["547cd802b5e9d1ee502837ac2a4e1867"]}},{"id":285,"url":"https:\/\/phimexdata.com\/wp-content\/uploads\/2025\/11\/Top-10-Commodities-Exported-2024-Million-USD-scaled.jpg","name":"Top-10-Commodities-Exported-2024-Million-USD.jpg","meta":{"brizy_attachment_uid":"wp-f7cefb7e45785e09ed80bbf55a5a5a86.jpg","brizy_post_uid":["547cd802b5e9d1ee502837ac2a4e1867"]}}],"_links":{"self":[{"href":"https:\/\/phimexdata.com\/index.php?rest_route=\/wp\/v2\/pages\/47","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/phimexdata.com\/index.php?rest_route=\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/phimexdata.com\/index.php?rest_route=\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/phimexdata.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/phimexdata.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=47"}],"version-history":[{"count":5,"href":"https:\/\/phimexdata.com\/index.php?rest_route=\/wp\/v2\/pages\/47\/revisions"}],"predecessor-version":[{"id":287,"href":"https:\/\/phimexdata.com\/index.php?rest_route=\/wp\/v2\/pages\/47\/revisions\/287"}],"wp:attachment":[{"href":"https:\/\/phimexdata.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=47"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}