Binding coverage, all products in Philippines
Philippines: Binding coverage, all products was 62.1% in 2022. ▼ Falling
Binding coverage, all products in Philippines, 1995–2022
Source: Staff estimates, World Bank (WB). Measured in %.
Analysis
Philippines recorded 62.1% for binding coverage, all products in 2022.
Compared with earlier readings it is down 0.4% over ten years.
Over the whole period, binding coverage, all products in Philippines peaked at 65.2% in 1995 and was at its lowest, 61.9%, in 2015.
That places Philippines 47th out of 158 countries with data for 2022, putting it in the middle of the range.
The long-run direction has been consistently falling across the 27 years of available data.
Binding coverage, all products in Philippines, year by year
| Year | % | Change |
|---|---|---|
| 1995 | 65.2% | — |
| 1996 | 65.1% | -0.1% |
| 1997 | 65.1% | +0.0% |
| 1998 | 65.1% | +0.0% |
| 1999 | 65.1% | -0.0% |
| 2000 | 65.1% | +0.0% |
| 2001 | 65.1% | +0.0% |
| 2002 | 65.1% | +0.0% |
| 2003 | 65.1% | +0.0% |
| 2004 | 62.3% | -4.4% |
| 2005 | 62.3% | +0.0% |
| 2006 | 62.3% | +0.0% |
| 2007 | 62.3% | -0.0% |
| 2008 | 62.4% | +0.2% |
| 2009 | 62.4% | +0.0% |
| 2010 | 62.4% | +0.0% |
| 2011 | 62.4% | +0.0% |
| 2012 | 62.4% | +0.0% |
| 2013 | 61.9% | -0.8% |
| 2015 | 61.9% | -0.0% |
| 2016 | 61.9% | +0.0% |
| 2017 | 61.9% | +0.0% |
| 2018 | 62.2% | +0.5% |
| 2019 | 62.1% | -0.0% |
| 2020 | 62.1% | +0.0% |
| 2021 | 62.1% | +0.0% |
| 2022 | 62.1% | +0.0% |
Philippines compared with similar countries
- Philippines's 62.1% is above the median for upper middle income countries, which is 40.6%, 1.5× the median. (45 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 65.1% | 65.1% | 65.2% | 5 |
| 2000s | 63.4% | 62.3% | 65.1% | 10 |
| 2010s | 62.1% | 61.9% | 62.4% | 9 |
| 2020s | 62.1% | 62.1% | 62.1% | 3 |
Countries ranked near Philippines
More private sector data for Philippines
- Merchandise trade 46.2% (2025)
- Food imports 15.0% (2024)
- Manufactures imports 65.2% (2024)
- Merchandise imports 141.20 billion current US$ (2025)
- Food exports 10.4% (2024)
- Manufactures exports 77.2% (2024)
- Merchandise exports 83.72 billion current US$ (2025)
- Merchandise exports (current US$), per capita 716.89 current US$ per person (2025)
- Merchandise exports (current US$), per unit of GDP 0.1719 current US$ per US$ of GDP (2025)
- Merchandise exports (current US$), annual growth rate 14.71 % change on previous year (2025)
Frequently asked questions
- What is binding coverage, all products in Philippines?
- Binding coverage, all products in Philippines was 62.1% in 2022, according to Staff estimates, World Bank (WB).
- What is the highest binding coverage, all products recorded in Philippines?
- The highest recorded value was 65.2% in 1995.
- What is the lowest binding coverage, all products recorded in Philippines?
- The lowest recorded value was 61.9% in 2015.
- How does Philippines rank for binding coverage, all products?
- Philippines ranks 47th out of 158 countries with data for 2022.
- Is binding coverage, all products rising or falling in Philippines?
- Over the last ten years it is down 0.4%. The long-run trend across the full record is falling.
- Where does this Philippines data come from?
- The figures come from Staff estimates, World Bank (WB), published as part of Binding coverage, all products (%). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 27 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Binding coverage is the percentage of product lines with an agreed bound rate. Bound rates result from trade negotiations incorporated into a country's schedule of concessions and are thus enforceable.