Merchandise exports to high-income economies in Philippines
Philippines: Merchandise exports to high-income economies was 70.9% in 2023. ▼ Falling
Merchandise exports to high-income economies in Philippines, 1960–2023
Source: Staff estimates, World Bank (WB). Measured in % of total merchandise exports.
Analysis
In 2023, merchandise exports to high-income economies in Philippines stood at 70.9%.
That represents a change of down 1.6% on the previous year and down 7.3% over ten years.
Over the whole period, merchandise exports to high-income economies in Philippines peaked at 99.2% in 1963 and was at its lowest, 70.7%, in 2021.
That places Philippines 88th out of 206 countries with data for 2023, putting it in the middle of the range.
The long-run direction has been consistently falling across the 64 years of available data.
Merchandise exports to high-income economies in Philippines, year by year
| Year | % of total merchandise exports | Change |
|---|---|---|
| 1960 | 97.7% | — |
| 1961 | 99.0% | +1.4% |
| 1962 | 98.3% | -0.8% |
| 1963 | 99.2% | +0.9% |
| 1964 | 98.8% | -0.4% |
| 1965 | 99.1% | +0.4% |
| 1966 | 98.0% | -1.2% |
| 1967 | 96.0% | -2.1% |
| 1968 | 97.4% | +1.5% |
| 1969 | 94.0% | -3.5% |
| 1970 | 98.4% | +4.6% |
| 1971 | 98.3% | -0.1% |
| 1972 | 97.9% | -0.4% |
| 1973 | 97.3% | -0.5% |
| 1974 | 98.2% | +0.9% |
| 1975 | 93.1% | -5.2% |
| 1976 | 95.3% | +2.3% |
| 1977 | 93.3% | -2.1% |
| 1978 | 92.5% | -0.9% |
| 1979 | 94.4% | +2.1% |
| 1980 | 90.6% | -4.1% |
| 1981 | 90.4% | -0.2% |
| 1982 | 90.2% | -0.2% |
| 1983 | 92.7% | +2.7% |
| 1984 | 93.6% | +1.0% |
| 1985 | 90.7% | -3.1% |
| 1986 | 92.1% | +1.5% |
| 1987 | 91.9% | -0.1% |
| 1988 | 93.3% | +1.5% |
| 1989 | 93.7% | +0.4% |
| 1990 | 94.1% | +0.4% |
| 1991 | 92.8% | -1.4% |
| 1992 | 94.8% | +2.1% |
| 1993 | 91.8% | -3.2% |
| 1994 | 92.2% | +0.5% |
| 1995 | 89.8% | -2.6% |
| 1996 | 89.9% | +0.1% |
| 1997 | 90.8% | +1.0% |
| 1998 | 90.4% | -0.4% |
| 1999 | 89.5% | -1.0% |
| 2000 | 89.3% | -0.2% |
| 2001 | 87.9% | -1.6% |
| 2002 | 85.8% | -2.4% |
| 2003 | 81.4% | -5.2% |
| 2004 | 81.4% | -0.0% |
| 2005 | 77.9% | -4.2% |
| 2006 | 78.5% | +0.8% |
| 2007 | 76.8% | -2.1% |
| 2008 | 77.4% | +0.7% |
| 2009 | 81.3% | +5.0% |
| 2010 | 77.9% | -4.2% |
| 2011 | 74.9% | -3.9% |
| 2012 | 76.2% | +1.8% |
| 2013 | 76.5% | +0.4% |
| 2014 | 76.5% | -0.0% |
| 2015 | 77.0% | +0.6% |
| 2016 | 77.7% | +0.9% |
| 2017 | 76.6% | -1.4% |
| 2018 | 74.0% | -3.4% |
| 2019 | 73.3% | -1.0% |
| 2020 | 72.1% | -1.7% |
| 2021 | 70.7% | -1.9% |
| 2022 | 72.1% | +2.0% |
| 2023 | 70.9% | -1.6% |
Philippines compared with similar countries
- Philippines's 70.9% is above the median for upper middle income countries, which is 65.7%, 1.1× the median. (59 countries reporting)
- Philippines's 70.9% is above the median for East Asia & Pacific, which is 59.1%, 1.2× the median. (36 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 97.7% | 94.0% | 99.2% | 10 |
| 1970s | 95.9% | 92.5% | 98.4% | 10 |
| 1980s | 91.9% | 90.2% | 93.7% | 10 |
| 1990s | 91.6% | 89.5% | 94.8% | 10 |
| 2000s | 81.8% | 76.8% | 89.3% | 10 |
| 2010s | 76.1% | 73.3% | 77.9% | 10 |
| 2020s | 71.5% | 70.7% | 72.1% | 4 |
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 merchandise exports to high-income economies in Philippines?
- Merchandise exports to high-income economies in Philippines was 70.9% in 2023, according to Staff estimates, World Bank (WB).
- What is the highest merchandise exports to high-income economies recorded in Philippines?
- The highest recorded value was 99.2% in 1963.
- What is the lowest merchandise exports to high-income economies recorded in Philippines?
- The lowest recorded value was 70.7% in 2021.
- How does Philippines rank for merchandise exports to high-income economies?
- Philippines ranks 88th out of 206 countries with data for 2023.
- Is merchandise exports to high-income economies rising or falling in Philippines?
- Over the last ten years it is down 7.3%. 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 Merchandise exports to high-income economies (% of total merchandise exports). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 64 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Merchandise exports to high-income economies are the sum of merchandise exports from the reporting economy to high-income economies according to the World Bank classification of economies. Data are expressed as a percentage of total merchandise exports by the economy. Data are computed only if at least half of the economies in the partner country group had non-missing data.