Philippines

Imports: CIF, by origin

Exports: FOB, by last known destination

Trade System: General

Overview:
The value of the exports of Philippines increased in 2012 by 8.2 percent to reach 52.0 bln US$ (see table 1 and graph 1). Similarly, imports
increased by 2.6 percent to reach 65.3 bln US$ (see table 2 and graph 1). This resulted in a significant trade deficit of 13.3 bln US$ in 2012
(see graph 1). By MDG regions, the large deficits were recorded chiefly with Western Asia (-6.0 bln US$) and South-eastern Asia (-5.1 bln
US$) (see graph 2). Trade, on the other hand, also recorded a surplus with Developed Asia-Pacific (+1.4 bln US$). Philippines' trade, especially
exports, was relatively concentrated among a few partners: in 2012, 9 major partners accounted for 80 percent of exports compared to 12
major partners for imports (see graph 3).

Graph 1: Total imports, exports and trade balance

(Bln US$ by year)
Exports

60

Imports

Table 1: Exports by SITC sections

Trade Balance

(Value in million US$, growth and shares in percentage)

50

SITC
Total
0+1
2+4
3
5
6
7
8
9

40
30
20
10
0
10
20
30

2012

51 995.2
3 470.2
2 974.2
1 263.0
1 926.8
4 912.9
31 013.3
5 945.3
489.6

Avg. Growth rates (%)

2008-2012 2011-2012

1.5
7.7
6.9
-5.9
14.4
5.5
-1.6
9.8
4.6

2012
share

8.2
0.5
-8.2
-10.0
2.8
7.7
55.9
105.1
-95.4

100.0
6.7
5.7
2.4
3.7
9.4
59.6
11.4
0.9

40
50
60

12

11

Table 2: Imports by SITC sections

(Value in million US$, growth and shares in percentage)

20

10

20

09

20

08

20

07

20

06

20

05

20

04

20

03

20

02

20

01

20

00

20

99

20

19

19

98

70

Exports Profile:
In 2012, machinery and transport equipment (SITC section 7) was the largest
commodity group for exports, representing 59.6 percent of exported goods. Other
major commodity groups for exports included miscellaneous manufactured articles
(SITC section 8) and manufactured goods classified chiefly by material (SITC section
6), accounting respectively for 11.4 and 9.4 percent of exports (see table 1). Major
partners for exports were Japan, USA and China (see table 4). Over the last three
years, top exported commodities were electronic integrated circuits and
microassemblies (HS code 8542), automatic data processing machines and units
thereof (HS code 8471) and diodes, transistors and similar semiconductor devices
(HS code 8541) (see table 3).

SITC
Total
0+1
2+4
3
5
6
7
8
9

2012

65 349.8
6 313.6
2 314.8
14 093.5
6 711.6
5 663.5
27 552.7
2 430.0
270.1

Avg. Growth rates (%)

2008-2012 2011-2012

2.0
0.7
11.7
2.4
6.8
3.7
-0.3
8.9
-2.1

2012
share

2.6
7.5
4.8
10.0
-0.7
-2.4
52.9
11.5
-97.3

100.0
9.7
3.5
21.6
10.3
8.7
42.2
3.7
0.4

Table 3: Top 10 export commodities 2010 to 2012

(Value in million US$)
HS
code

4-digit heading of Harmonized System 2002

All Commodities............................................................................................................
9999 Commodities not specified according to kind...............................................................
8542 Electronic integrated circuits and microassemblies.....................................................
8471 Automatic data processing machines and units thereof..............................................
8541 Diodes, transistors and similar semiconductor devices................................................
8708 Parts and accessories of the motor vehicles of headings 87.01 to 87.05....................
4418 Builders' joinery and carpentry of wood.......................................................................
8473 Parts and accessories for use with machines of heading 84.69 to 84.72....................
8504 Electrical transformers, static converters (for example, rectifiers)...............................
8544 Insulated (including enamelled or anodised) wire, cable.............................................
1513 Coconut (copra), palm kernel or babassu oil.................................................................

2010

Value (million US$)

2011
2012

51 497.5
14 972.8
6 434.2
4 008.2
2 591.7
1 670.5
1 008.9
1 629.8
1 248.8
1 144.8
1 266.3

Source: UN Comtrade

48 042.1
10 202.4
5 476.7
2 984.8
2 547.0
2 069.0
1 662.7
1 458.9
1 238.4
1 170.0
1 429.5

Unit value
2010 2011 2012
Unit

51 995.2
...
9 615.3
3 944.7
33.3 39.4 US$/unit
2 674.4
1 387.4 11.1 18.8 13.5 US$/kg
2 134.6 3.4 3.8 3.6 US$/kg
1 573.5 67.9 64.0 2.1 US$/kg
1 858.0
1 534.5 15.1 16.0 16.1 US$/kg
1 026.0 0.9 1.7 1.2 US$/kg

SITC
code
931
776
752
776
784
635
759
771
773
422

Philippines
Graph 2: Trade Balance by MDG Regions in 2012

Graph 3: Partner concentration of trade in 2012

(Bln US$)

(Cumulative share by ranked partners)

Developed AsiaPacific

Imports
(Herfindahl Index = 0.066)

Developed Europe

Exports
(Herfindahl Index = 0.098)

Top
partner

Developed N. America

Top
partner

Southeastern Europe
5 th

5 th

10 th

10 th

15 th

15 th

20 th

20 th

25 th

25 th

CIS
Northern Africa
SubSaharan Africa
Latin Am, Caribbean
Eastern Asia
Southern Asia
Southeastern Asia
Western Asia

Table 4: Exports by principal countries and SITC sections in 2012

(Value in million US$, percentages of country total)
Country
World...............................
Japan...............................
USA..................................
China................................
Singapore........................
China, Hong Kong SAR....
Rep. of Korea...................
Thailand...........................
Germany..........................
Other Asia, nes................
Netherlands.....................

Total

51 995.2
9 881.3
7 406.4
6 159.1
4 863.9
4 776.1
2 862.0
2 446.0
1 956.6
1 915.3
1 551.0

0+1 2+4

Shares by SITC sections (%)

5
6
7
8

6.7 5.7 2.4 3.7 9.4 59.6 11.4

6.3 4.9 0.0 3.2 24.8 42.0 18.5
9.2 7.1 0.0 2.0 5.5 50.9 25.1
3.1 13.2 2.4 3.6 3.4 71.8 2.5
3.4 1.2 4.7 0.8 0.5 88.0 1.5
3.2 0.3 3.0 1.6 2.0 82.6 5.8
9.7 4.0 19.4 5.7 19.3 37.2 4.7
5.6 1.0 2.2 5.5 11.2 71.2 3.3
4.5 1.2 0.0 1.2 2.0 79.3 11.7
2.7 2.1 1.8 10.3 8.9 67.0 4.0
4.4 25.3
... 4.9 1.0 55.6 8.9

Total

0.9
0.2
0.1
0.0
0.0
1.5
0.0
0.0
0.0
3.1
...

100
100
100
100
100
100
100
100
100
100
100

0%
10

80

60

40

%
20

0%

%
20

40

60

80

10

0%

Oceania

Imports Profile:
Imports were composed of 42.2 percent
machinery and transport equipment (SITC
section 7), 21.6 percent mineral fuels,
lubricants and related materials (SITC
section 3) and 10.3 percent chemicals and
related products, n.e.s. (SITC section 5) (see
table 2). From 2010 to 2012, top imported
products were electronic integrated circuits
and microassemblies (HS code 8542),
petroleum oils, crude (HS code 2709) and
petroleum oils, other than crude (HS code
2710) (see table 5).

Table 5: Top 10 import commodities 2010 to 2012

(Value in million US$)
HS
code

4-digit heading of Harmonized System 2002

All Commodities............................................................................................................
8542 Electronic integrated circuits and microassemblies.....................................................
2709 Petroleum oils, crude.....................................................................................................
2710 Petroleum oils, other than crude...................................................................................
9999 Commodities not specified according to kind...............................................................
8473 Parts and accessories for use with machines of heading 84.69 to 84.72....................
8703 Motor cars and other motor vehicles principally designed for the transport...............
2603 Copper ores and concentrates.......................................................................................
8479 Machines and mechanical appliances having individual functions..............................
1001 Wheat and meslin.........................................................................................................
1006 Rice................................................................................................................................

2010

Value (million US$)

2011
2012

58 467.8
12 267.4
5 541.2
3 237.2
...
4 082.0
1 507.1
1 326.2
917.1
547.2
1 652.5

Source: UN Comtrade

63 692.7
4 475.4
7 874.2
3 667.5
9 750.9
1 651.9
1 253.7
757.7
870.7
955.3
383.2

Unit value
2010 2011 2012
Unit

65 349.8
10 738.4
7 618.8 0.6 0.8 0.9 US$/kg
4 977.5 0.7 1.0 1.0 US$/kg
...
3 152.6 48.7 45.8 33.6 US$/kg
1 686.8 18.4 9.7 5.7 thsd US$/unit
839.2 2.1 1.7 2.5 US$/kg
858.6
974.3 0.3 0.3 0.3 US$/kg
424.0 0.7 0.5 0.4 US$/kg

SITC
code
776
333
334
931
759
781
283
728
041
042