Applied tariffs
Simple average MFN applied
2024
6.0 %
Trade-weighted MFN average
2024
6.0 %
Share of MFN duty-free
2024
13.3 %
Bound tariffs
Simple average bound
24.9 %
Binding coverage
67.6 %
Share of bound duty-free
6.9 %
Imports
Total imports: 117,566.2 million USD in 2024
Imports by partner
China
25.7 %
30,193.4
million USD
Indonesia
8.3 %
9,813.7
million USD
Japan
7.8 %
9,184.4
million USD
Korea, Republic of
7.5 %
8,853.1
million USD
United States of America
6.4 %
7,517.5
million USD
Thailand
5.9 %
6,957.3
million USD
European Union
5.8 %
6,837.5
million USD
Malaysia
4.7 %
5,504.1
million USD
Singapore
4.6 %
5,366.2
million USD
Viet Nam
4.3 %
5,053.1
million USD
Rest of the World
19.0 %
22,285.8
million USD
Imports by products HS 2022
854239
Electronic integrated circuits (excl. such as processors, controllers, memories and amplifiers)
7.0 %
8,215.8
million USD
271019
Medium oils and preparations, of petroleum or bituminous minerals, not containing biodiesel, n.e.s.
5.5 %
6,447.2
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)
3.0 %
3,485.7
million USD
270900
Petroleum oils and oils obtained from bituminous minerals, crude
2.8 %
3,297.3
million USD
270119
Coal, whether or not pulverised, non-agglomerated (excl. anthracite and bituminous coal)
2.2 %
2,543.7
million USD
100630
Semi-milled or wholly milled rice, whether or not polished or glazed
1.7 %
2,002.7
million USD
260300
Copper ores and concentrates
1.6 %
1,828.0
million USD
100199
Wheat and meslin (excl. seed for sowing, and durum wheat)
1.4 %
1,690.5
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)
1.3 %
1,509.9
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 %
1,453.6
million USD
Rest of the products
72.4 %
85,091.7
million USD
Exports
Total exports: 67,311.9 million USD in 2024
Exports by destination
United States of America
16.5 %
11,108.4
million USD
Japan
14.1 %
9,492.1
million USD
Hong Kong, China
13.4 %
8,986.2
million USD
China
12.9 %
8,696.9
million USD
European Union
10.9 %
7,352.9
million USD
Korea, Republic of
5.0 %
3,356.1
million USD
Thailand
4.0 %
2,699.2
million USD
Singapore
3.9 %
2,650.3
million USD
Chinese Taipei
3.7 %
2,486.7
million USD
Malaysia
3.0 %
2,048.8
million USD
Rest of the World
12.5 %
8,434.4
million USD
Exports by products HS 2022
854239
Electronic integrated circuits (excl. such as processors, controllers, memories and amplifiers)
14.7 %
9,912.0
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
10.8 %
7,255.9
million USD
854232
Electronic integrated circuits as memories
5.1 %
3,456.0
million USD
854430
Ignition wiring sets and other wiring sets for vehicles, aircraft or ships
3.3 %
2,253.2
million USD
847170
Storage units for automatic data-processing machines
2.4 %
1,637.1
million USD
260300
Copper ores and concentrates
1.8 %
1,234.7
million USD
740311
Copper, refined, in the form of cathodes and sections of cathodes
1.8 %
1,200.5
million USD
080390
Fresh or dried bananas (excl. plantains)
1.7 %
1,116.1
million USD
151311
Crude coconut oil
1.6 %
1,094.7
million USD
850440
Static converters
1.6 %
1,079.7
million USD
Rest of the products
55.1 %
37,072.1
million USD
Preferential regimes provided by Philippines
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Philippines as a beneficiary based on other economies reported preferential regimes
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