Philippines: Merchandise exports by the reporting economy (current US$)
In , Philippines's Merchandise exports by the reporting economy (current US$) was $72.91 billion.
That's down 9.7% from 2022, the highest value since .
The global average for this indicator in 2023 was $111.31 billion . Philippines ranks #46 globally out of 205 reporting countries. Within East Asia & Pacific, it ranks #11 of 36.
Source: World Bank Open Data (TX.VAL.MRCH.WL.CD) • Data as of 2023
Trend (2004–2023)
- 2008 · Global financial crisis
- 2020 · COVID-19 pandemic
- 2014 · Oil price collapse
- 2022 · Russia–Ukraine war begins
Highlights
- Peak
- $80.72B
- Trough
- $38.91B
- 1-year change
- -9.7%
- 5-year change
- +8.1%
- +1.6% / yr
- 10-year change
- +35.1%
- +3.1% / yr
Historical Data — Last 10 Years
| Year | Merchandise exports by the reporting economy (current US$) |
|---|---|
| 72.913B | |
| 80.724B | |
| 74.608B | |
| 63.548B | |
| 70.920B | |
| 67.424B | |
| 63.099B | |
| 56.295B | |
| 58.374B | |
| 61.506B |
About Merchandise exports by the reporting economy (current US$)
Merchandise exports by the reporting economy are the total merchandise exports by the reporting economy to the rest of the world, as reported in the IMF's Direction of trade database. Data are in current US$.
Indicator code: TX.VAL.MRCH.WL.CD • Category: Trade & Finance
Frequently asked questions
- What was Philippines's Merchandise exports by the reporting economy (current US$) in 2023?
- In 2023, Philippines's Merchandise exports by the reporting economy (current US$) was $72.91 billion, according to World Bank Open Data.
- Is Philippines's Merchandise exports by the reporting economy (current US$) rising or falling?
- Philippines's Merchandise exports by the reporting economy (current US$) fell 9.7% from 2022 to 2023.
- How does Philippines rank globally on Merchandise exports by the reporting economy (current US$)?
- In 2023, Philippines ranked #46 out of 205 countries reporting Merchandise exports by the reporting economy (current US$).
- How does Philippines's Merchandise exports by the reporting economy (current US$) compare to the world average?
- The global average for Merchandise exports by the reporting economy (current US$) in 2023 was $111.31 billion, so Philippines is below the world average. Within East Asia & Pacific, it ranks #11 of 36.
- What is Merchandise exports by the reporting economy (current US$) and how is it measured?
- Merchandise exports by the reporting economy are the total merchandise exports by the reporting economy to the rest of the world, as reported in the IMF's Direction of trade database. Data are in current US$.
Source: World Bank Open Data (TX.VAL.MRCH.WL.CD), CC BY 4.0.