Philippines: Merchandise exports to low- and middle-income economies outside region (% of total merchandise exports)
In , Philippines's Merchandise exports to low- and middle-income economies outside region (% of total merchandise exports) was 3.95.
That's up 27.3% from 2022, the highest value on record.
The global average for this indicator in 2023 was 18.45 . Philippines ranks #151 globally out of 201 reporting countries. Within East Asia & Pacific, it ranks #19 of 32.
Source: World Bank Open Data (TX.VAL.MRCH.OR.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
- 3.95
- Trough
- 1.24
- 1-year change
- +27.3%
- 5-year change
- +24.2%
- +4.4% / yr
- 10-year change
- +49.1%
- +4.1% / yr
Historical Data — Last 10 Years
| Year | Merchandise exports to low- and middle-income economies outside region (% of total merchandise exports) |
|---|---|
| 3.9455 | |
| 3.0984 | |
| 3.1490 | |
| 2.8504 | |
| 2.9770 | |
| 3.1757 | |
| 2.9293 | |
| 2.7859 | |
| 3.5561 | |
| 2.5713 |
About Merchandise exports to low- and middle-income economies outside region (% of total merchandise exports)
Merchandise exports to low- and middle-income economies outside region are the sum of merchandise exports from the reporting economy to other low- and middle-income economies in other World Bank regions according to the World Bank classification of economies. Data are expressed 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.OR.ZS • Category: Trade & Finance
Frequently asked questions
- What was Philippines's Merchandise exports to low- and middle-income economies outside region (% of total merchandise exports) in 2023?
- In 2023, Philippines's Merchandise exports to low- and middle-income economies outside region (% of total merchandise exports) was 3.95, according to World Bank Open Data.
- Is Philippines's Merchandise exports to low- and middle-income economies outside region (% of total merchandise exports) rising or falling?
- Philippines's Merchandise exports to low- and middle-income economies outside region (% of total merchandise exports) rose 27.3% from 2022 to 2023.
- How does Philippines rank globally on Merchandise exports to low- and middle-income economies outside region (% of total merchandise exports)?
- In 2023, Philippines ranked #151 out of 201 countries reporting Merchandise exports to low- and middle-income economies outside region (% of total merchandise exports).
- How does Philippines's Merchandise exports to low- and middle-income economies outside region (% of total merchandise exports) compare to the world average?
- The global average for Merchandise exports to low- and middle-income economies outside region (% of total merchandise exports) in 2023 was 18.45, so Philippines is below the world average. Within East Asia & Pacific, it ranks #19 of 32.
- What is Merchandise exports to low- and middle-income economies outside region (% of total merchandise exports) and how is it measured?
- Merchandise exports to low- and middle-income economies outside region are the sum of merchandise exports from the reporting economy to other low- and middle-income economies in other World Bank regions according to the World Bank classification of economies. Data are expressed 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.OR.ZS), CC BY 4.0.