Philippines: Merchandise imports from low- and middle-income economies outside region (% of total merchandise imports)
In , Philippines's Merchandise imports from low- and middle-income economies outside region (% of total merchandise imports) was 4.43.
That's up 3.9% from 2022, the highest value since .
The global average for this indicator in 2023 was 22.36 . Philippines ranks #175 globally out of 204 reporting countries. Within East Asia & Pacific, it ranks #13 of 35.
Source: World Bank Open Data (TM.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
- 5.56
- Trough
- 2.91
- 1-year change
- +3.9%
- 5-year change
- +25.5%
- +4.6% / yr
- 10-year change
- +37.1%
- +3.2% / yr
Historical Data — Last 10 Years
| Year | Merchandise imports from low- and middle-income economies outside region (% of total merchandise imports) |
|---|---|
| 4.4287 | |
| 4.2622 | |
| 4.2732 | |
| 3.9068 | |
| 3.8188 | |
| 3.5287 | |
| 3.6400 | |
| 3.6106 | |
| 3.4538 | |
| 3.2704 |
About Merchandise imports from low- and middle-income economies outside region (% of total merchandise imports)
Merchandise imports from low- and middle-income economies outside region are the sum of merchandise imports by the reporting economy from 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 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.OR.ZS • Category: Trade & Finance
Frequently asked questions
- What was Philippines's Merchandise imports from low- and middle-income economies outside region (% of total merchandise imports) in 2023?
- In 2023, Philippines's Merchandise imports from low- and middle-income economies outside region (% of total merchandise imports) was 4.43, according to World Bank Open Data.
- Is Philippines's Merchandise imports from low- and middle-income economies outside region (% of total merchandise imports) rising or falling?
- Philippines's Merchandise imports from low- and middle-income economies outside region (% of total merchandise imports) rose 3.9% from 2022 to 2023.
- How does Philippines rank globally on Merchandise imports from low- and middle-income economies outside region (% of total merchandise imports)?
- In 2023, Philippines ranked #175 out of 204 countries reporting Merchandise imports from low- and middle-income economies outside region (% of total merchandise imports).
- How does Philippines's Merchandise imports from low- and middle-income economies outside region (% of total merchandise imports) compare to the world average?
- The global average for Merchandise imports from low- and middle-income economies outside region (% of total merchandise imports) in 2023 was 22.36, so Philippines is below the world average. Within East Asia & Pacific, it ranks #13 of 35.
- What is Merchandise imports from low- and middle-income economies outside region (% of total merchandise imports) and how is it measured?
- Merchandise imports from low- and middle-income economies outside region are the sum of merchandise imports by the reporting economy from 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 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.OR.ZS), CC BY 4.0.