Binding coverage, primary products in Philippines
Philippines: Binding coverage, primary products was 65.7% in 2022. ▼ Falling
Binding coverage, primary products in Philippines, 1995–2022
Source: Staff estimates, World Bank (WB). Measured in %.
Analysis
In 2022, binding coverage, primary products in Philippines stood at 65.7%.
The figure is down 4.3% over ten years.
Over the whole period, binding coverage, primary products in Philippines peaked at 72.5% in 1995 and was at its lowest, 65.2%, in 2015.
Philippines ranks 50th of 158 countries on this measure, in the middle of the range.
The long-run direction has been consistently falling across the 27 years of available data.
Binding coverage, primary products in Philippines, year by year
| Year | % | Change |
|---|---|---|
| 1995 | 72.5% | — |
| 1996 | 72.2% | -0.4% |
| 1997 | 72.2% | +0.0% |
| 1998 | 72.2% | +0.0% |
| 1999 | 72.2% | +0.0% |
| 2000 | 72.2% | +0.0% |
| 2001 | 72.2% | +0.0% |
| 2002 | 72.2% | +0.0% |
| 2003 | 72.2% | +0.0% |
| 2004 | 68.9% | -4.7% |
| 2005 | 68.9% | +0.0% |
| 2006 | 68.9% | +0.0% |
| 2007 | 68.8% | -0.1% |
| 2008 | 68.6% | -0.3% |
| 2009 | 68.6% | +0.0% |
| 2010 | 68.6% | +0.0% |
| 2011 | 68.6% | +0.0% |
| 2012 | 68.6% | +0.0% |
| 2013 | 65.3% | -4.8% |
| 2015 | 65.2% | -0.1% |
| 2016 | 65.2% | +0.0% |
| 2017 | 65.2% | +0.0% |
| 2018 | 65.7% | +0.7% |
| 2019 | 65.7% | -0.1% |
| 2020 | 65.7% | +0.0% |
| 2021 | 65.7% | +0.0% |
| 2022 | 65.7% | +0.0% |
Philippines compared with similar countries
- Philippines's 65.7% is above the median for upper middle income countries, which is 58.4%, 1.1× the median. (45 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 72.3% | 72.2% | 72.5% | 5 |
| 2000s | 70.2% | 68.6% | 72.2% | 10 |
| 2010s | 66.5% | 65.2% | 68.6% | 9 |
| 2020s | 65.7% | 65.7% | 65.7% | 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, primary products in Philippines?
- Binding coverage, primary products in Philippines was 65.7% in 2022, according to Staff estimates, World Bank (WB).
- What is the highest binding coverage, primary products recorded in Philippines?
- The highest recorded value was 72.5% in 1995.
- What is the lowest binding coverage, primary products recorded in Philippines?
- The lowest recorded value was 65.2% in 2015.
- How does Philippines rank for binding coverage, primary products?
- Philippines ranks 50th out of 158 countries with data for 2022.
- Is binding coverage, primary products rising or falling in Philippines?
- Over the last ten years it is down 4.3%. 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, primary products (%). Statizoid updates them automatically from the source API.
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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. Primary products are commodities classified in SITC revision 3 sections 0-4 plus division 68 (nonferrous metals).