Philippines: Merchandise imports from low- and middle-income economies in East Asia & Pacific (% of total merchandise imports)
In , Philippines's Merchandise imports from low- and middle-income economies in East Asia & Pacific (% of total merchandise imports) was 47.53.
That's up 10.1% from 2022, the highest value on record.
The global average for this indicator in 2023 was 20.25 . Philippines ranks #10 globally out of 205 reporting countries. Within East Asia & Pacific, it ranks #9 of 36.
Source: World Bank Open Data (TM.VAL.MRCH.R1.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
- 47.53
- Trough
- 17.39
- 1-year change
- +10.1%
- 5-year change
- +20.8%
- +3.9% / yr
- 10-year change
- +68.1%
- +5.3% / yr
Historical Data — Last 10 Years
| Year | Merchandise imports from low- and middle-income economies in East Asia & Pacific (% of total merchandise imports) |
|---|---|
| 47.5287 | |
| 43.1748 | |
| 44.2461 | |
| 42.9998 | |
| 43.1222 | |
| 39.3339 | |
| 39.1656 | |
| 38.5292 | |
| 33.7617 | |
| 31.9098 |
About Merchandise imports from low- and middle-income economies in East Asia & Pacific (% of total merchandise imports)
Merchandise imports from low- and middle-income economies in East Asia and Pacific are the sum of merchandise imports by the reporting economy from low- and middle-income economies in the East Asia and Pacific region according to the World Bank classification of economies. Data are expressed as a percentage of total merchandise imports 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: TM.VAL.MRCH.R1.ZS • Category: Trade & Finance
Frequently asked questions
- What was Philippines's Merchandise imports from low- and middle-income economies in East Asia & Pacific (% of total merchandise imports) in 2023?
- In 2023, Philippines's Merchandise imports from low- and middle-income economies in East Asia & Pacific (% of total merchandise imports) was 47.53, according to World Bank Open Data.
- Is Philippines's Merchandise imports from low- and middle-income economies in East Asia & Pacific (% of total merchandise imports) rising or falling?
- Philippines's Merchandise imports from low- and middle-income economies in East Asia & Pacific (% of total merchandise imports) rose 10.1% from 2022 to 2023.
- How does Philippines rank globally on Merchandise imports from low- and middle-income economies in East Asia & Pacific (% of total merchandise imports)?
- In 2023, Philippines ranked #10 out of 205 countries reporting Merchandise imports from low- and middle-income economies in East Asia & Pacific (% of total merchandise imports).
- How does Philippines's Merchandise imports from low- and middle-income economies in East Asia & Pacific (% of total merchandise imports) compare to the world average?
- The global average for Merchandise imports from low- and middle-income economies in East Asia & Pacific (% of total merchandise imports) in 2023 was 20.25, so Philippines is above the world average. Within East Asia & Pacific, it ranks #9 of 36.
- What is Merchandise imports from low- and middle-income economies in East Asia & Pacific (% of total merchandise imports) and how is it measured?
- Merchandise imports from low- and middle-income economies in East Asia and Pacific are the sum of merchandise imports by the reporting economy from low- and middle-income economies in the East Asia and Pacific region according to the World Bank classification of economies. Data are expressed as a percentage of total merchandise imports 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 (TM.VAL.MRCH.R1.ZS), CC BY 4.0.