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Philippines

All products

Applied tariffs

Simple average MFN applied 2025
5.9 %
Trade-weighted MFN average 2024
6.0 %
Share of MFN duty-free 2025
13.6 %

Source of data: World Tariff Profiles, UN Comtrade, WTO IDB

* Ad valorem equivalents (AVEs) used

Bound tariffs

Simple average bound
24.9 %
Binding coverage
67.6 %
Share of bound duty-free
6.9 %

Source of data: CTS

* Ad valorem equivalents (AVEs) used

Imports

Total imports: 134,881.1 million USD in 2024

Imports by partner

China
25.6 % 34,497.8 million USD
Indonesia
8.4 % 11,290.7 million USD
Japan
7.9 % 10,673.0 million USD
Korea, Republic of
7.4 % 10,020.5 million USD
United States of America
6.6 % 8,845.9 million USD
European Union
5.9 % 7,946.6 million USD
Thailand
5.8 % 7,795.7 million USD
Malaysia
4.6 % 6,239.4 million USD
Singapore
4.4 % 5,991.8 million USD
Viet Nam
4.2 % 5,724.3 million USD
Rest of the World
19.2 % 25,855.2 million USD

Source of data: UN Comtrade

Imports by products HS 2022

854239 Electronic integrated circuits (excl. such as processors, controllers, memories and amplifiers)
7.0 % 9,404.4 million USD
271019 Medium oils and preparations, of petroleum or bituminous minerals, not containing biodiesel, n.e.s.
5.3 % 7,143.9 million USD
271012 Light oils and preparations, of petroleum or bituminous minerals which >= 90% by volume "incl. losses" distil at 210°C "ASTM D 86 method" (excl. containing biodiesel)
2.9 % 3,925.9 million USD
270900 Petroleum oils and oils obtained from bituminous minerals, crude
2.8 % 3,710.1 million USD
270119 Coal, whether or not pulverised, non-agglomerated (excl. anthracite and bituminous coal)
2.3 % 3,053.1 million USD
260300 Copper ores and concentrates
1.7 % 2,318.1 million USD
100630 Semi-milled or wholly milled rice, whether or not polished or glazed
1.7 % 2,261.3 million USD
100199 Wheat and meslin (excl. seed for sowing, and durum wheat)
1.5 % 2,034.6 million USD
870322 Motor cars and other motor vehicles principally designed for the transport of <10 persons, incl. station wagons and racing cars, with only spark-ignition internal combustion reciprocating piston engine of a cylinder capacity > 1.000 cm³ but <= 1.500 cm³ (excl. vehicles for travelling on snow and other specially designed vehicles of subheading 8703.10)
1.2 % 1,685.8 million USD
870421 Motor vehicles for the transport of goods, with only compression-ignition internal combustion piston engine "diesel or semi-diesel", of a gross vehicle weight <= 5 t (excl. dumpers for off-highway use of subheading 8704.10 and special purpose motor vehicles of heading 8705)
1.2 % 1,636.3 million USD
Rest of the products
72.4 % 97,707.4 million USD

Source of data: UN Comtrade

Exports

Total exports: 72,983.9 million USD in 2024

Exports by destination

United States of America
16.6 % 12,122.4 million USD
Japan
14.1 % 10,254.4 million USD
Hong Kong, China
13.2 % 9,600.4 million USD
China
12.9 % 9,422.7 million USD
European Union
11.0 % 8,039.8 million USD
Korea, Republic of
4.9 % 3,564.0 million USD
Thailand
4.0 % 2,954.0 million USD
Singapore
4.0 % 2,935.1 million USD
Chinese Taipei
3.7 % 2,675.6 million USD
Malaysia
3.0 % 2,213.5 million USD
Rest of the World
12.6 % 9,202.0 million USD

Source of data: UN Comtrade

Exports by products HS 2022

854239 Electronic integrated circuits (excl. such as processors, controllers, memories and amplifiers)
14.3 % 10,421.0 million USD
854231 Electronic integrated circuits as processors and controllers, whether or not combined with memories, converters, logic circuits, amplifiers, clock and timing circuits, or other circuits
10.9 % 7,959.6 million USD
854232 Electronic integrated circuits as memories
5.1 % 3,725.2 million USD
854430 Ignition wiring sets and other wiring sets for vehicles, aircraft or ships
3.4 % 2,456.8 million USD
847170 Storage units for automatic data-processing machines
2.4 % 1,781.6 million USD
740311 Copper, refined, in the form of cathodes and sections of cathodes
1.8 % 1,347.5 million USD
260300 Copper ores and concentrates
1.8 % 1,305.6 million USD
151311 Crude coconut oil
1.7 % 1,240.0 million USD
080390 Fresh or dried bananas (excl. plantains)
1.7 % 1,231.5 million USD
850440 Static converters
1.6 % 1,191.1 million USD
Rest of the products
55.3 % 40,324.0 million USD

Source of data: UN Comtrade

Preferential regimes provided by Philippines

Philippines as a beneficiary based on other economies reported preferential regimes