Merchandise imports from low- and middle-income economies in Latin in Philippines
Philippines: Merchandise imports from low- and middle-income economies in Latin was 1.8% in 2023. ▲ Rising
Merchandise imports from low- and middle-income economies in Latin 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 low- and middle-income economies in latin in Philippines is 1.8%, measured in 2023.
The figure is up 58.5% over ten years.
Over the whole period, merchandise imports from low- and middle-income economies in latin in Philippines peaked at 2.8% in 1989 and was at its lowest, 0.1%, in 1973.
Philippines ranks 105th of 206 countries on this measure, in the middle of the range.
The long-run direction has been consistently rising across the 64 years of available data.
Merchandise imports from low- and middle-income economies in Latin in Philippines, year by year
| Year | % of total merchandise imports | Change |
|---|---|---|
| 1960 | 0.8% | — |
| 1961 | 0.4% | -43.5% |
| 1962 | 1.9% | +344.8% |
| 1963 | 1.4% | -26.0% |
| 1964 | 0.9% | -36.2% |
| 1965 | 1.1% | +17.5% |
| 1966 | 1.5% | +39.8% |
| 1967 | 0.7% | -53.7% |
| 1968 | 1.1% | +64.7% |
| 1969 | 1.1% | -5.3% |
| 1970 | 0.6% | -47.1% |
| 1971 | 0.3% | -55.9% |
| 1972 | 0.4% | +76.8% |
| 1973 | 0.1% | -76.0% |
| 1974 | 0.6% | +418.5% |
| 1975 | 1.0% | +78.9% |
| 1976 | 1.2% | +20.0% |
| 1977 | 1.4% | +13.8% |
| 1978 | 1.7% | +21.7% |
| 1979 | 1.4% | -16.1% |
| 1980 | 1.5% | +11.4% |
| 1981 | 2.7% | +77.4% |
| 1982 | 2.8% | +2.2% |
| 1983 | 2.5% | -12.2% |
| 1984 | 1.4% | -43.9% |
| 1985 | 1.2% | -12.7% |
| 1986 | 1.9% | +60.6% |
| 1987 | 1.6% | -19.1% |
| 1988 | 1.9% | +22.4% |
| 1989 | 2.8% | +48.3% |
| 1990 | 2.3% | -19.1% |
| 1991 | 1.9% | -17.0% |
| 1992 | 1.5% | -22.5% |
| 1993 | 1.4% | -6.5% |
| 1994 | 1.6% | +17.0% |
| 1995 | 1.6% | +0.3% |
| 1996 | 1.0% | -36.6% |
| 1997 | 1.0% | -1.8% |
| 1998 | 0.6% | -36.0% |
| 1999 | 0.7% | +2.2% |
| 2000 | 0.6% | -9.2% |
| 2001 | 0.9% | +48.6% |
| 2002 | 1.0% | +9.1% |
| 2003 | 1.1% | +10.8% |
| 2004 | 1.3% | +16.4% |
| 2005 | 1.2% | -3.0% |
| 2006 | 1.1% | -12.4% |
| 2007 | 1.3% | +25.1% |
| 2008 | 1.4% | +6.6% |
| 2009 | 1.7% | +17.9% |
| 2010 | 1.1% | -34.1% |
| 2011 | 1.2% | +8.3% |
| 2012 | 1.0% | -19.9% |
| 2013 | 1.1% | +16.9% |
| 2014 | 1.2% | +8.0% |
| 2015 | 0.9% | -22.1% |
| 2016 | 1.1% | +16.4% |
| 2017 | 1.1% | +1.6% |
| 2018 | 1.1% | -5.2% |
| 2019 | 1.4% | +29.2% |
| 2020 | 1.5% | +8.3% |
| 2021 | 1.6% | +10.3% |
| 2022 | 1.8% | +8.9% |
| 2023 | 1.8% | +0.0% |
Philippines compared with similar countries
- Philippines's 1.8% is below the median for upper middle income countries, which is 2.4%, 73% of the median. (59 countries reporting)
- Philippines's 1.8% is above the median for East Asia & Pacific, which is 0.8%, 2.3× the median. (36 countries reporting)
Biggest year-on-year movements
Years where Merchandise imports from low- and middle-income economies in Latin 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 | +418.5% | 0.1% | 0.6% |
| 1962 | +344.8% | 0.4% | 1.9% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 1.1% | 0.4% | 1.9% | 10 |
| 1970s | 0.9% | 0.1% | 1.7% | 10 |
| 1980s | 2.0% | 1.2% | 2.8% | 10 |
| 1990s | 1.4% | 0.6% | 2.3% | 10 |
| 2000s | 1.2% | 0.6% | 1.7% | 10 |
| 2010s | 1.1% | 0.9% | 1.4% | 10 |
| 2020s | 1.7% | 1.5% | 1.8% | 4 |
Countries ranked near Philippines
- 102 Sint Maarten (Dutch part) 1.8% compare
- 103 New Zealand 1.8% compare
- 104 Australia 1.8% compare
- 106 Marshall Islands 1.7% compare
- 107 Russian Federation 1.7% compare
- 108 Albania 1.7% compare
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 low- and middle-income economies in latin in Philippines?
- Merchandise imports from low- and middle-income economies in latin in Philippines was 1.8% in 2023, according to Staff estimates, World Bank (WB).
- What is the highest merchandise imports from low- and middle-income economies in latin recorded in Philippines?
- The highest recorded value was 2.8% in 1989.
- What is the lowest merchandise imports from low- and middle-income economies in latin recorded in Philippines?
- The lowest recorded value was 0.1% in 1973.
- How does Philippines rank for merchandise imports from low- and middle-income economies in latin?
- Philippines ranks 105th out of 206 countries with data for 2023.
- Is merchandise imports from low- and middle-income economies in latin rising or falling in Philippines?
- Over the last ten years it is up 58.5%. The long-run trend across the full record is rising.
- Where does this Philippines data come from?
- The figures come from Staff estimates, World Bank (WB), published as part of Merchandise imports from low- and middle-income economies in Latin America & the Caribbean (% of total merchandise imports). Statizoid updates them automatically from the source API.
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About this data
Merchandise imports from low- and middle-income economies in Latin America and the Caribbean are the sum of merchandise imports by the reporting economy from low- and middle-income economies in the Latin America and the Caribbean region 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.