Philippines Balance of Trade 1957-2015 | Data | Chart | Calendar

Philippines recorded a trade surplus of 264162.14 USD Thousand in March of 2015. Balance of Trade in Philippines averaged -233606 USD Thousand from 1957 until 2015, reaching an all time high of 1144700 USD Thousand in September of 1999 and a record low of -1657980 USD Thousand in November of 2011. Balance of Trade in Philippines is reported by the National Statistics Office of Philippines.

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Philippines Balance of Trade
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Actual Previous Highest Lowest Dates Unit Frequency
264162.14 -837000.00 1144700.00 -1657980.00 1957 - 2015 USD Thousand Monthly
Philippines has been running annual trade deficits due to high imports of raw materials and intermediate goods. In 2013, the biggest trade deficits were recorded with: Taiwan, Saudi Arabia, Thailand and South Korea while the biggest trade surpluses with: Japan, Hong Kong and the United States. This page provides - Philippines Balance of Trade - actual values, historical data, forecast, chart, statistics, economic calendar and news. Content for - Philippines Balance of Trade - was last refreshed on Friday, May 29, 2015.

Calendar GMT Reference Actual Previous Consensus Forecast (i)
2015-03-25 01:00 AM Jan $ -752M $ -67M (R) $ -910M $ -341M
2015-04-28 02:00 AM Feb $ -813M $ -862M (R) $ -563.2M
2015-05-26 02:00 AM Mar $264.1M $ -837M (R) $ -409M $-471.4M
2015-06-25 02:00 AM Apr $264.1M $ 360.6M
2015-07-25 02:00 AM May $ 547.7M
2015-08-26 02:00 AM Jun $ 566.3M


Philippines Posts Trade Surplus in March


Philippines reported a trade surplus of USD 264.1 million in March of 2015, swinging from a USD 217.3 million gap a year earlier as exports grew while imports declined.

In March, exports increased by 2.1 percent year-on-year to USD 5.38 billion. Sales of coconut oil rose the most by 141.1 percent. Outbond shipments also increased for: machinery and transport equipment, the second top exports earner in March 2015, (+42.2 percent), chemicals (+39.7 percent), metal components (+23.8 percent), other mineral products (+23.2 percent) and articles of apparel and clothing accessories (+15.3 percent). Sales of electronic products, the country's top exports, also rose by 4.5 percent. Among the major groups of electronic products, components/devices (semiconductors) grew by 6.1 percent from a year earlier. In contrast, exports declined for: woodcrafts and furniture (-29.8 percent); ignition wiring set and other wiring sets used in vehicles, aircrafts and ships (-29.3 percent) and other manufactures (-19.2 percent).

Outbond shipments grew to: the US (+23.2 percent to USD 879.54 million, representing a 16.4 percent of total exports), China (+4.8 percent to USD 583.52 million, 10.9 percent share), Hong Kong (+23.8 percent to USD 511.15 million, 9.5 percent share) and the EU countries (+13.3 percent to USD 695.39 million, 12.9 percent share). In contrast, sales to Japan, the country's top destination of exports, fell by 15.6 percent to USD 1.12 billion. Exports also declined to the ASEAN countries (-13.5 percent to USD 703.93 million, 13.1 percent share) and Singapore (-20.4 percent to USD 312.88 million, 5.8 percent share).

Imports declined by 6.8 percent to USD 5.11 billion. Purchases fell the most for mineral fuels, lubricants and related material (-47.3 percent) and plastics in primary and non-primary forms (-16.9 percent). In contrast, inbound shipments increased for: cereals and cereal preparation (+135.9 percent), feeding stuff for animals (not including unmilled cereals (+48.2 percent), medicinal and pharmaceutical products (+13.4 percent), transport equipment (+8.4 percent), electronic products (+5.4 percent), organic and inorganic chemicals (+5.3 percent), industrial machinery and equipment (+4.2 percent) and other food and live animals (+2.1 percent).

Purchases from China, the biggest source of imports, declined by 27.2 percent to USD 614.70 million. Imports also fell from: South Korea (-39.9 percent to USD 392.78 million, 7.7 percent share) and Singapore (-16.9 percent to USD 361.69 million, 7.1 percent share). In contrast, purchases increased from: the US (+30.8 percent to USD 547.34 million, 10.7 percent share), Japan (+10.5 percent to USD 445.20 million, 8.7 percent share), the ASEAN countries (+2.2 percent to USD 1.26 billion, 24.5 percent share) and the EU countries (+2.8 percent to USD 740.13 million).

 In February 2015, the country registered a revised USD 837 million trade deficit.

National Statistics Office l Rida Husna l rida@tradingeconomics.com
5/26/2015 4:09:36 AM


Recent Releases

Philippines Trade Deficit Widens in February
Philippines reported a trade deficit of USD 813 million in February of 2015, markedly up from a USD 130.93 million gap a year earlier as exports fell while imports grew. Published on 2015-04-28

Philippines Trade Deficit Largest Since April 2014
Philippines reported a trade deficit of USD 751.5 million in January of 2015, down from a USD 1.57 billion gap a year earlier as imports fell more than exports. Published on 2015-03-25


Philippines Trade Last Previous Highest Lowest Unit
Balance of Trade 264162.14 -837000.00 1144700.00 -1657980.00 USD Thousand [+]
Exports 5376767.64 4513400.24 5848900.66 23000.00 USD Thousand [+]
Imports 5112605.49 5326170.75 5954820.00 37084.30 USD Thousand [+]
Current Account 1382.98 1492.78 1825.22 -1179.39 USD Million [+]
Current Account to GDP 4.40 4.20 5.80 -7.70 percent [+]
External Debt 77673.71 78489.02 79949.42 20893.00 USD Million [+]
Remittances 2101498.60 1876098.30 2316872.80 64208.00 USD Thousand [+]
Tourist Arrivals 487654.00 390315.00 487654.00 63628.00 [+]
Gold Reserves 195.30 194.90 274.42 126.89 Tonnes [+]
Capital Flows 10.31 9.06 93.65 -35.30 USD Million [+]
Crude Oil Production 21.00 21.00 40.00 0.79 BBL/D/1K [+]
Foreign Direct Investment 95186.00 18314.00 230215.00 3959.00 PHP Million [+]


Balance of Trade Reference Previous Highest Lowest Unit
Australia -1322.00 Mar/15 -1609.00 2254.00 -3877.00 AUD Million [+]
Brazil 491.00 Apr/15 458.00 5659.37 -4058.14 USD Million [+]
Canada -3019.00 Mar/15 -2215.00 8524.80 -3019.00 CAD Million [+]
China 341.34 Apr/15 30.81 606.19 -319.71 USD Hundred Million [+]
Euro Area 23372.90 Mar/15 20300.00 24009.80 -16638.00 EUR Million [+]
France -4575.00 Mar/15 -3623.00 2674.00 -7086.00 EUR Million [+]
Germany 23000.00 Mar/15 19515.32 23500.00 -535.91 EUR Million [+]
India -10990.00 Apr/15 -11790.00 258.90 -20210.90 USD Million [+]
Indonesia 454.40 Apr/15 1025.60 4641.92 -2329.13 USD Million [+]
Italy 4060.39 Mar/15 3537.91 6923.00 -6389.30 EUR Million [+]
Japan -53.44 Apr/15 227.43 1608.67 -2795.04 JPY Billion [+]
Mexico -85.30 Apr/15 479.80 1710.25 -3292.30 USD Million [+]
Netherlands 5401.00 Mar/15 6329.20 6329.20 -907.60 EUR Million [+]
Russia 14981.00 Mar/15 13597.00 20356.00 -185.00 USD Million [+]
South Korea 8488.00 Apr/15 8380.51 8488.00 -4043.45 USD Million [+]
Spain -890600.00 Mar/15 -2037200.00 634935.00 -9834766.00 EUR Thousand [+]
Switzerland 2856.00 Apr/15 2497.00 3894.91 -1478.68 CHF million [+]
Turkey -4966.00 Apr/15 -6153.67 24.51 -10453.06 USD Million [+]
United Kingdom -2817.00 Mar/15 -3318.00 2946.00 -5397.00 GBP Million [+]
United States -51367.00 Mar/15 -35892.00 1946.00 -67823.00 USD Million [+]