Philippines: Merchandise exports to low- and middle-income economies in Latin America & the Caribbean (% of total merchandise exports)
In , Philippines's Merchandise exports to low- and middle-income economies in Latin America & the Caribbean (% of total merchandise exports) was 1.82.
That's up 10.9% from 2022, the highest value on record.
The global average for this indicator in 2023 was 4.94 . Philippines ranks #74 globally out of 192 reporting countries. Within East Asia & Pacific, it ranks #14 of 29.
Source: World Bank Open Data (TX.VAL.MRCH.R3.ZS) • 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
- 1.82
- Trough
- 0.50
- 1-year change
- +10.9%
- 5-year change
- +22.7%
- +4.2% / yr
- 10-year change
- +83.4%
- +6.3% / yr
Historical Data — Last 10 Years
| Year | Merchandise exports to low- and middle-income economies in Latin America & the Caribbean (% of total merchandise exports) |
|---|---|
| 1.8175 | |
| 1.6383 | |
| 1.5137 | |
| 1.3520 | |
| 1.4919 | |
| 1.4810 | |
| 1.4491 | |
| 1.3878 | |
| 1.2015 | |
| 1.1524 |
About Merchandise exports to low- and middle-income economies in Latin America & the Caribbean (% of total merchandise exports)
Merchandise exports to low- and middle-income economies in Latin America and the Caribbean are the sum of merchandise exports from the reporting economy to low- and middle-income economies in the Latin America and the Caribbean region according to World Bank classification of economies. Data are 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.
Indicator code: TX.VAL.MRCH.R3.ZS • Category: Trade & Finance
Frequently asked questions
- What was Philippines's Merchandise exports to low- and middle-income economies in Latin America & the Caribbean (% of total merchandise exports) in 2023?
- In 2023, Philippines's Merchandise exports to low- and middle-income economies in Latin America & the Caribbean (% of total merchandise exports) was 1.82, according to World Bank Open Data.
- Is Philippines's Merchandise exports to low- and middle-income economies in Latin America & the Caribbean (% of total merchandise exports) rising or falling?
- Philippines's Merchandise exports to low- and middle-income economies in Latin America & the Caribbean (% of total merchandise exports) rose 10.9% from 2022 to 2023.
- How does Philippines rank globally on Merchandise exports to low- and middle-income economies in Latin America & the Caribbean (% of total merchandise exports)?
- In 2023, Philippines ranked #74 out of 192 countries reporting Merchandise exports to low- and middle-income economies in Latin America & the Caribbean (% of total merchandise exports).
- How does Philippines's Merchandise exports to low- and middle-income economies in Latin America & the Caribbean (% of total merchandise exports) compare to the world average?
- The global average for Merchandise exports to low- and middle-income economies in Latin America & the Caribbean (% of total merchandise exports) in 2023 was 4.94, so Philippines is below the world average. Within East Asia & Pacific, it ranks #14 of 29.
- What is Merchandise exports to low- and middle-income economies in Latin America & the Caribbean (% of total merchandise exports) and how is it measured?
- Merchandise exports to low- and middle-income economies in Latin America and the Caribbean are the sum of merchandise exports from the reporting economy to low- and middle-income economies in the Latin America and the Caribbean region according to World Bank classification of economies. Data are 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.
Source: World Bank Open Data (TX.VAL.MRCH.R3.ZS), CC BY 4.0.