Philippines: Taxes on international trade

The latest value from 2024 is 20.76 percent, a decline from 23.1 percent in 2023. In comparison, the world average is 5.90 percent, based on data from 67 countries. Historically, the average for the Philippines from 1990 to 2024 is 20.97 percent. The minimum value, 16.53 percent, was reached in 1998 while the maximum of 29.97 percent was recorded in 1993. See the global rankings for that indicator or use the country comparator to compare trends over time.

Definition: Taxes on international trade are taxes that become payable when goods cross the national or customs frontiers of the economic territory or when transactions in services exchange between residents and non-residents. This indicator is expressed as a percentage of revenue which includes all transactions that add to the amount of economic value of a unit or sector.