Philippines: Merchandise imports from low- and middle-income economies in Latin America & the Caribbean (% of total merchandise imports)
In , Philippines's Merchandise imports from low- and middle-income economies in Latin America & the Caribbean (% of total merchandise imports) was 1.78.
That's up 0.0% from 2022, the highest value on record.
The global average for this indicator in 2023 was 5.08 . Philippines ranks #104 globally out of 199 reporting countries. Within East Asia & Pacific, it ranks #11 of 31.
Source: World Bank Open Data (TM.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
- 1.78
- Trough
- 0.94
- 1-year change
- +0.0%
- 5-year change
- +67.9%
- +10.9% / yr
- 10-year change
- +58.5%
- +4.7% / yr
Historical Data — Last 10 Years
| Year | Merchandise imports from low- and middle-income economies in Latin America & the Caribbean (% of total merchandise imports) |
|---|---|
| 1.7752 | |
| 1.7751 | |
| 1.6307 | |
| 1.4788 | |
| 1.3654 | |
| 1.0570 | |
| 1.1151 | |
| 1.0978 | |
| 0.9429 | |
| 1.2098 |
About Merchandise imports from low- and middle-income economies in Latin America & the Caribbean (% of total merchandise imports)
Merchandise imports from low- and middle-income economies in Latin America and the Caribbean are the sum of merchandise imports by the reporting economy from low- and middle-income economies in the Latin America and the Caribbean 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.R3.ZS • Category: Trade & Finance
Frequently asked questions
- What was Philippines's Merchandise imports from low- and middle-income economies in Latin America & the Caribbean (% of total merchandise imports) in 2023?
- In 2023, Philippines's Merchandise imports from low- and middle-income economies in Latin America & the Caribbean (% of total merchandise imports) was 1.78, according to World Bank Open Data.
- Is Philippines's Merchandise imports from low- and middle-income economies in Latin America & the Caribbean (% of total merchandise imports) rising or falling?
- Philippines's Merchandise imports from low- and middle-income economies in Latin America & the Caribbean (% of total merchandise imports) rose 0.0% from 2022 to 2023.
- How does Philippines rank globally on Merchandise imports from low- and middle-income economies in Latin America & the Caribbean (% of total merchandise imports)?
- In 2023, Philippines ranked #104 out of 199 countries reporting Merchandise imports from low- and middle-income economies in Latin America & the Caribbean (% of total merchandise imports).
- How does Philippines's Merchandise imports from low- and middle-income economies in Latin America & the Caribbean (% of total merchandise imports) compare to the world average?
- The global average for Merchandise imports from low- and middle-income economies in Latin America & the Caribbean (% of total merchandise imports) in 2023 was 5.08, so Philippines is below the world average. Within East Asia & Pacific, it ranks #11 of 31.
- What is Merchandise imports from low- and middle-income economies in Latin America & the Caribbean (% of total merchandise imports) and how is it measured?
- Merchandise imports from low- and middle-income economies in Latin America and the Caribbean are the sum of merchandise imports by the reporting economy from low- and middle-income economies in the Latin America and the Caribbean 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.R3.ZS), CC BY 4.0.