Merchandise imports from high-income economies in Philippines
Philippines: Merchandise imports from high-income economies was 48.0% in 2023. ▼ Falling
Merchandise imports from high-income economies in Philippines, 1960–2023
Source: Staff estimates, World Bank (WB). Measured in % of total merchandise imports.
Analysis
The most recent figure for merchandise imports from high-income economies in Philippines is 48.0%, measured in 2023. That is the lowest value across all 64 years on record.
That represents a change of down 8.6% on the previous year and down 29.9% over ten years.
Over the whole period, merchandise imports from high-income economies in Philippines peaked at 95.2% in 1974 and was at its lowest, 48.0%, in 2023.
That places Philippines 140th 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 imports from high-income economies in Philippines, year by year
| Year | % of total merchandise imports | Change |
|---|---|---|
| 1960 | 93.1% | — |
| 1961 | 90.5% | -2.8% |
| 1962 | 91.7% | +1.3% |
| 1963 | 88.4% | -3.5% |
| 1964 | 90.3% | +2.1% |
| 1965 | 86.9% | -3.8% |
| 1966 | 89.3% | +2.8% |
| 1967 | 90.6% | +1.4% |
| 1968 | 92.5% | +2.1% |
| 1969 | 91.9% | -0.6% |
| 1970 | 91.5% | -0.5% |
| 1971 | 90.5% | -1.1% |
| 1972 | 93.1% | +2.9% |
| 1973 | 95.1% | +2.2% |
| 1974 | 95.2% | +0.0% |
| 1975 | 90.7% | -4.7% |
| 1976 | 87.6% | -3.4% |
| 1977 | 85.3% | -2.7% |
| 1978 | 86.0% | +0.8% |
| 1979 | 87.8% | +2.2% |
| 1980 | 88.1% | +0.3% |
| 1981 | 89.0% | +1.1% |
| 1982 | 90.2% | +1.3% |
| 1983 | 89.5% | -0.8% |
| 1984 | 84.3% | -5.9% |
| 1985 | 79.6% | -5.6% |
| 1986 | 84.9% | +6.7% |
| 1987 | 86.5% | +1.8% |
| 1988 | 85.1% | -1.5% |
| 1989 | 85.1% | -0.0% |
| 1990 | 86.9% | +2.0% |
| 1991 | 86.8% | -0.0% |
| 1992 | 88.6% | +2.0% |
| 1993 | 89.8% | +1.4% |
| 1994 | 89.5% | -0.4% |
| 1995 | 87.0% | -2.8% |
| 1996 | 88.3% | +1.5% |
| 1997 | 84.9% | -3.9% |
| 1998 | 83.0% | -2.3% |
| 1999 | 83.4% | +0.6% |
| 2000 | 84.7% | +1.5% |
| 2001 | 82.8% | -2.2% |
| 2002 | 82.4% | -0.5% |
| 2003 | 80.4% | -2.5% |
| 2004 | 78.2% | -2.7% |
| 2005 | 78.1% | -0.2% |
| 2006 | 75.6% | -3.2% |
| 2007 | 77.6% | +2.7% |
| 2008 | 73.6% | -5.2% |
| 2009 | 69.6% | -5.5% |
| 2010 | 69.4% | -0.3% |
| 2011 | 69.6% | +0.4% |
| 2012 | 70.0% | +0.5% |
| 2013 | 68.5% | -2.2% |
| 2014 | 64.8% | -5.4% |
| 2015 | 62.8% | -3.1% |
| 2016 | 57.9% | -7.8% |
| 2017 | 57.2% | -1.2% |
| 2018 | 57.1% | -0.1% |
| 2019 | 53.1% | -7.1% |
| 2020 | 53.1% | +0.1% |
| 2021 | 51.5% | -3.0% |
| 2022 | 52.6% | +2.1% |
| 2023 | 48.0% | -8.6% |
Philippines compared with similar countries
- Philippines's 48.0% is below the median for upper middle income countries, which is 56.4%, 85% of the median. (59 countries reporting)
- Philippines's 48.0% is below the median for East Asia & Pacific, which is 59.6%, 81% of the median. (36 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 90.5% | 86.9% | 93.1% | 10 |
| 1970s | 90.3% | 85.3% | 95.2% | 10 |
| 1980s | 86.2% | 79.6% | 90.2% | 10 |
| 1990s | 86.8% | 83.0% | 89.8% | 10 |
| 2000s | 78.3% | 69.6% | 84.7% | 10 |
| 2010s | 63.0% | 53.1% | 70.0% | 10 |
| 2020s | 51.3% | 48.0% | 53.1% | 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 imports from high-income economies in Philippines?
- Merchandise imports from high-income economies in Philippines was 48.0% in 2023, according to Staff estimates, World Bank (WB).
- What is the highest merchandise imports from high-income economies recorded in Philippines?
- The highest recorded value was 95.2% in 1974.
- What is the lowest merchandise imports from high-income economies recorded in Philippines?
- The lowest recorded value was 48.0% in 2023.
- How does Philippines rank for merchandise imports from high-income economies?
- Philippines ranks 140th out of 206 countries with data for 2023.
- Is merchandise imports from high-income economies rising or falling in Philippines?
- Over the last ten years it is down 29.9%. 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 imports from high-income economies (% of total merchandise imports). 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 imports from high-income economies are the sum of merchandise imports by the reporting economy from high-income economies according to the World Bank classification of economies. Data are expressed as a percentage of total merchandise imports by the economy. Data are computed only if at least half of the economies in the partner country group had non-missing data.