Merchandise imports by the reporting economy (current US$) in Philippines
Philippines: Merchandise imports by the reporting economy (current US$) was 126.11 billion current US$ in 2023. ◆ Volatile
Latest (2023)
126.11 billion current US$
Change on year
down 11.8%
World rank
35th
of 206 countries
All-time high
142.94 billion current US$
in 2022
All-time low
637.30 million current US$
in 1962
Years of data
64
1960–2023
Merchandise imports by the reporting economy in Philippines, 1960–2023
Source: Staff estimates, World Bank (WB). Measured in current US$.
Analysis
The most recent figure for merchandise imports by the reporting economy in Philippines is 126.11 billion current US$, measured in 2023.
The figure is down 11.8% on the previous year and up 85.8% over ten years.
Over the whole period, merchandise imports by the reporting economy in Philippines peaked at 142.94 billion current US$ in 2022 and was at its lowest, 637.30 million current US$, in 1962.
Philippines ranks 35th of 206 countries on this measure, in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Merchandise imports by the reporting economy (current US$) in Philippines, year by year
| Year | current US$ | Change |
|---|---|---|
| 1960 | 638.60 million current US$ | — |
| 1961 | 668.40 million current US$ | +4.7% |
| 1962 | 637.30 million current US$ | -4.7% |
| 1963 | 664.80 million current US$ | +4.3% |
| 1964 | 844.40 million current US$ | +27.0% |
| 1965 | 868.10 million current US$ | +2.8% |
| 1966 | 941.30 million current US$ | +8.4% |
| 1967 | 1.15 billion current US$ | +22.7% |
| 1968 | 1.26 billion current US$ | +9.3% |
| 1969 | 1.24 billion current US$ | -1.7% |
| 1970 | 1.19 billion current US$ | -4.1% |
| 1971 | 1.31 billion current US$ | +9.9% |
| 1972 | 1.34 billion current US$ | +2.8% |
| 1973 | 1.77 billion current US$ | +31.8% |
| 1974 | 3.40 billion current US$ | +91.9% |
| 1975 | 3.67 billion current US$ | +7.9% |
| 1976 | 3.92 billion current US$ | +6.8% |
| 1977 | 4.22 billion current US$ | +7.7% |
| 1978 | 5.10 billion current US$ | +20.9% |
| 1979 | 6.54 billion current US$ | +28.2% |
| 1980 | 8.21 billion current US$ | +25.5% |
| 1981 | 8.41 billion current US$ | +2.4% |
| 1982 | 8.19 billion current US$ | -2.6% |
| 1983 | 7.77 billion current US$ | -5.2% |
| 1984 | 6.15 billion current US$ | -20.8% |
| 1985 | 5.31 billion current US$ | -13.7% |
| 1986 | 5.16 billion current US$ | -2.8% |
| 1987 | 6.85 billion current US$ | +32.8% |
| 1988 | 8.55 billion current US$ | +24.8% |
| 1989 | 11.04 billion current US$ | +29.2% |
| 1990 | 12.83 billion current US$ | +16.3% |
| 1991 | 12.78 billion current US$ | -0.4% |
| 1992 | 14.35 billion current US$ | +12.3% |
| 1993 | 17.43 billion current US$ | +21.4% |
| 1994 | 22.05 billion current US$ | +26.5% |
| 1995 | 27.29 billion current US$ | +23.8% |
| 1996 | 29.17 billion current US$ | +6.9% |
| 1997 | 38.64 billion current US$ | +32.5% |
| 1998 | 29.36 billion current US$ | -24.0% |
| 1999 | 30.41 billion current US$ | +3.6% |
| 2000 | 34.25 billion current US$ | +12.6% |
| 2001 | 32.83 billion current US$ | -4.1% |
| 2002 | 35.11 billion current US$ | +7.0% |
| 2003 | 37.50 billion current US$ | +6.8% |
| 2004 | 44.03 billion current US$ | +17.4% |
| 2005 | 47.41 billion current US$ | +7.7% |
| 2006 | 51.53 billion current US$ | +8.7% |
| 2007 | 55.49 billion current US$ | +7.7% |
| 2008 | 60.41 billion current US$ | +8.9% |
| 2009 | 45.87 billion current US$ | -24.1% |
| 2010 | 60.19 billion current US$ | +31.2% |
| 2011 | 66.15 billion current US$ | +9.9% |
| 2012 | 67.88 billion current US$ | +2.6% |
| 2013 | 67.87 billion current US$ | -0.0% |
| 2014 | 70.97 billion current US$ | +4.6% |
| 2015 | 73.34 billion current US$ | +3.3% |
| 2016 | 85.83 billion current US$ | +17.0% |
| 2017 | 92.84 billion current US$ | +8.2% |
| 2018 | 108.92 billion current US$ | +17.3% |
| 2019 | 117.25 billion current US$ | +7.6% |
| 2020 | 89.82 billion current US$ | -23.4% |
| 2021 | 124.39 billion current US$ | +38.5% |
| 2022 | 142.94 billion current US$ | +14.9% |
| 2023 | 126.11 billion current US$ | -11.8% |
Philippines compared with similar countries
- Philippines's 126.11 billion current US$ is above the median for upper middle income countries, which is 15.63 billion current US$, 8.1× the median. (59 countries reporting)
- Philippines's 126.11 billion current US$ is above the median for East Asia & Pacific, which is 6.01 billion current US$, 21.0× the median. (36 countries reporting)
Biggest year-on-year movements
Years where Merchandise imports by the reporting economy (current US$) in Philippines changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 1974 | +91.9% | 1.77 billion current US$ | 3.40 billion current US$ |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 891.90 million current US$ | 637.30 million current US$ | 1.26 billion current US$ | 10 |
| 1970s | 3.25 billion current US$ | 1.19 billion current US$ | 6.54 billion current US$ | 10 |
| 1980s | 7.57 billion current US$ | 5.16 billion current US$ | 11.04 billion current US$ | 10 |
| 1990s | 23.43 billion current US$ | 12.78 billion current US$ | 38.64 billion current US$ | 10 |
| 2000s | 44.44 billion current US$ | 32.83 billion current US$ | 60.41 billion current US$ | 10 |
| 2010s | 81.12 billion current US$ | 60.19 billion current US$ | 117.25 billion current US$ | 10 |
| 2020s | 120.81 billion current US$ | 89.82 billion current US$ | 142.94 billion current US$ | 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$), annual growth rate 14.71 % change on previous year (2025)
Frequently asked questions
- What is merchandise imports by the reporting economy in Philippines?
- Merchandise imports by the reporting economy in Philippines was 126.11 billion current US$ in 2023, according to Staff estimates, World Bank (WB).
- What is the highest merchandise imports by the reporting economy recorded in Philippines?
- The highest recorded value was 142.94 billion current US$ in 2022.
- What is the lowest merchandise imports by the reporting economy recorded in Philippines?
- The lowest recorded value was 637.30 million current US$ in 1962.
- How does Philippines rank for merchandise imports by the reporting economy?
- Philippines ranks 35th out of 206 countries with data for 2023.
- Is merchandise imports by the reporting economy rising or falling in Philippines?
- Over the last ten years it is up 85.8%. The long-run trend across the full record is volatile.
- Where does this Philippines data come from?
- The figures come from Staff estimates, World Bank (WB), published as part of Merchandise imports by the reporting economy (current US$). Statizoid updates them automatically from the source API.
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About this data
Merchandise imports by the reporting economy are the total merchandise imports by the reporting economy from the rest of the world, as reported in the IMF's Direction of trade database. Data are in current U.S. dollars.