Philippines: Trade balance, in dollars

* indicates monthly or quarterly data series
 Philippines

Trade balance, billion USD

 Latest value -53.8
 Year 2022
 Measure billion U.S. dollars
 Data availability 1977 - 2022
 Average -10.42
 Min - Max -53.8 - 1.81
 Source The World Bank
For that indicator, we provide data for the Philippines from 1977 to 2022. The average value for the Philippines during that period was -10.42 billion U.S. dollars with a minimum of -53.8 billion U.S. dollars in 2022 and a maximum of 1.81 billion U.S. dollars in 1986. The latest value from 2022 is -53.8 billion U.S. dollars. For comparison, the world average in 2022 based on 153 countries is 3.66 billion U.S. dollars. See the global rankings for that indicator or use the country comparator to compare trends over time.
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* indicates monthly or quarterly data series


Recent values chart
Philippines - Trade balance, in dollars - recent values

Historical chart
Philippines - Trade balance, in dollars - historical chart - 1977-2022




Definition: Net trade in goods and services is derived by offsetting imports of goods and services against exports of goods and services. Exports and imports of goods and services comprise all transactions involving a change of ownership of goods and services between residents of one country and the rest of the world. Data are in current U.S. dollars.


 Related indicators Latest value Reference Measure
 Terms of trade 95.83 2021 percent
 Trade openness 72.42 2022 percent
 Exports, percent of GDP 28.39 2022 percent
 Exports, billion dollars 114.76 2022 billion U.S. dollars
 Growth of exports 10.90 2022 percent
 Imports, percent of GDP 44.03 2022 percent
 Imports, billion dollars 178.01 2022 billion U.S. dollars
 Foreign Direct Investment, percent of GDP 2.28 2022 percent
 Foreign Direct Investment, billion dollars 9.20 2022 billion U.S. dollars
 Portfolio investment inflows, equities -488.06 2022 million dollars (current)
 Current account, percent of GDP -4.40 2022 percent
 Current account, in dollars -18.12 2022 billion U.S. dollars
 Trade balance, percent of GDP -15.65 2022 percent
 Trade balance, in dollars -53.80 2022 billion U.S. dollars
 Reserves 96.04 2022 billion U.S. dollars
 Remittances, percent of GDP 2.24 2022 percent
 Remittances 27,859.99 2021 million U.S. dollars
 Net errors and omissions -2,042.47 2022 million USD
 External debt 25.98 2022 percent
 Short-term external debt 14.94 2022 percent
 Short-term debt to reserves 17.30 2022 percent
 Foreign exchange reserves 98.12 9/2023 billion
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