Philippines: Merchandise exports to low- and middle-income economies within region (% of total merchandise exports)
In , Philippines's Merchandise exports to low- and middle-income economies within region (% of total merchandise exports) was 25.11.
That's up 1.3% from 2022, the highest value since .
The global average for this indicator in 2023 was 21.22 . Philippines ranks #67 globally out of 202 reporting countries. Within East Asia & Pacific, it ranks #25 of 36.
Source: World Bank Open Data (TX.VAL.MRCH.WR.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
- 26.13
- Trough
- 16.42
- 1-year change
- +1.3%
- 5-year change
- +10.2%
- +2.0% / yr
- 10-year change
- +20.7%
- +1.9% / yr
Historical Data — Last 10 Years
| Year | Merchandise exports to low- and middle-income economies within region (% of total merchandise exports) |
|---|---|
| 25.1149 | |
| 24.7918 | |
| 26.1340 | |
| 25.0926 | |
| 23.7352 | |
| 22.7882 | |
| 20.4667 | |
| 19.5049 | |
| 19.4368 | |
| 20.8888 |
About Merchandise exports to low- and middle-income economies within region (% of total merchandise exports)
Merchandise exports to low- and middle-income economies within region are the sum of merchandise exports from the reporting economy to other low- and middle-income economies in the same World Bank region 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. No figures are shown for high-income economies, because they are a separate category in the World Bank classification of economies.
Indicator code: TX.VAL.MRCH.WR.ZS • Category: Trade & Finance
Frequently asked questions
- What was Philippines's Merchandise exports to low- and middle-income economies within region (% of total merchandise exports) in 2023?
- In 2023, Philippines's Merchandise exports to low- and middle-income economies within region (% of total merchandise exports) was 25.11, according to World Bank Open Data.
- Is Philippines's Merchandise exports to low- and middle-income economies within region (% of total merchandise exports) rising or falling?
- Philippines's Merchandise exports to low- and middle-income economies within region (% of total merchandise exports) rose 1.3% from 2022 to 2023.
- How does Philippines rank globally on Merchandise exports to low- and middle-income economies within region (% of total merchandise exports)?
- In 2023, Philippines ranked #67 out of 202 countries reporting Merchandise exports to low- and middle-income economies within region (% of total merchandise exports).
- How does Philippines's Merchandise exports to low- and middle-income economies within region (% of total merchandise exports) compare to the world average?
- The global average for Merchandise exports to low- and middle-income economies within region (% of total merchandise exports) in 2023 was 21.22, so Philippines is above the world average. Within East Asia & Pacific, it ranks #25 of 36.
- What is Merchandise exports to low- and middle-income economies within region (% of total merchandise exports) and how is it measured?
- Merchandise exports to low- and middle-income economies within region are the sum of merchandise exports from the reporting economy to other low- and middle-income economies in the same World Bank region 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. No figures are shown for high-income economies, because they are a separate category in the World Bank classification of economies.
Source: World Bank Open Data (TX.VAL.MRCH.WR.ZS), CC BY 4.0.