Philippines: Merchandise imports (current US$)
In , Philippines's Merchandise imports (current US$) was $134.88 billion.
That's up 0.8% from 2023, the highest value since .
The global average for this indicator in 2024 was $119.47 billion . Philippines ranks #35 globally out of 204 reporting countries. Within East Asia & Pacific, it ranks #11 of 36.
Source: World Bank Open Data (TM.VAL.MRCH.CD.WT) • Data as of 2024
Trend (2005–2024)
- 2008 · Global financial crisis
- 2020 · COVID-19 pandemic
- 2014 · Oil price collapse
- 2022 · Russia–Ukraine war begins
Highlights
- Peak
- $145.87B
- Trough
- $45.88B
- 1-year change
- +0.8%
- 5-year change
- +19.5%
- +3.6% / yr
- 10-year change
- +96.3%
- +7.0% / yr
Historical Data — Last 10 Years
| Year | Merchandise imports (current US$) |
|---|---|
| 134.882B | |
| 133.806B | |
| 145.867B | |
| 124.367B | |
| 90.751B | |
| 112.909B | |
| 115.119B | |
| 101.902B | |
| 85.935B | |
| 74.750B |
About Merchandise imports (current US$)
Merchandise imports includes goods whose economic ownership is changed from a non-resident to a resident and that are not included in the following specific categories: goods under merchanting, non-monetary gold, and parts of travel, construction, and government goods and services n.i.e. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.
Indicator code: TM.VAL.MRCH.CD.WT • Category: Trade & Finance
Frequently asked questions
- What was Philippines's Merchandise imports (current US$) in 2024?
- In 2024, Philippines's Merchandise imports (current US$) was $134.88 billion, according to World Bank Open Data.
- Is Philippines's Merchandise imports (current US$) rising or falling?
- Philippines's Merchandise imports (current US$) rose 0.8% from 2023 to 2024.
- How does Philippines rank globally on Merchandise imports (current US$)?
- In 2024, Philippines ranked #35 out of 204 countries reporting Merchandise imports (current US$).
- How does Philippines's Merchandise imports (current US$) compare to the world average?
- The global average for Merchandise imports (current US$) in 2024 was $119.47 billion, so Philippines is above the world average. Within East Asia & Pacific, it ranks #11 of 36.
- What is Merchandise imports (current US$) and how is it measured?
- Merchandise imports includes goods whose economic ownership is changed from a non-resident to a resident and that are not included in the following specific categories: goods under merchanting, non-monetary gold, and parts of travel, construction, and government goods and services n.i.e. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.
Source: World Bank Open Data (TM.VAL.MRCH.CD.WT), CC BY 4.0.