Philippines Balance of Trade  1957-2016 | Data | Chart | Calendar

Philippines reported a trade deficit of USD 2.05 billion in July of 2016, compared to a USD 1.52 billion gap a year earlier as exports fell much more than imports. Year-on-year, sales declined by 13.0 percent to USD 4.67 billion, following a 11.4 percent fall in June. It was the 16th straight month of decline and the largest drop since March. Imports declined by 1.7 percent to USD 6.73 billion, following a 15.4 percent growth in the preceding month. It was the first drop in seven months. Balance of Trade in Philippines averaged -262579.18 USD Thousand from 1957 until 2016, reaching an all time high of 1144700 USD Thousand in September of 1999 and a record low of -2637938.69 USD Thousand in January of 2016. Balance of Trade in Philippines is reported by the National Statistics Office of Philippines.

Philippines Balance of Trade
Receive the next reported value for Philippines Balance of Trade in you Inbox



We will not not share your email with third parties and you can unsubscribe at any time.
Please Paste this Code in your Website

Actual Previous Highest Lowest Dates Unit Frequency
-2053160.00 -2098494.00 1144700.00 -2637938.69 1957 - 2016 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 the latest reported value for - Philippines Balance of Trade - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Philippines Balance of Trade - actual data, historical chart and calendar of releases - was last updated on October of 2016.


Calendar GMT Reference Actual Previous Consensus Forecast (i)
2016-07-26 01:00 AM May $-2021M $-2306M $-1210M
2016-08-25 01:00 AM Jun $-2098M $-2021M $-2100M $-1700M
2016-09-09 01:00 AM Jul $-2053M $-2098M $-3000M
2016-10-25 12:00 AM Aug $-2053M $-2640M
2016-11-25 01:00 AM Sep $-2750M
2016-12-27 01:00 AM Oct $-3650M

Philippines Trade Deficit Widens in July


Philippines reported a trade deficit of USD 2.05 billion in July of 2016, compared to a USD 1.52 billion gap a year earlier as exports fell much more than imports.

Year-on-year, sales declined by 13.0 percent to USD 4.67 billion, following a 11.4 percent fall in June. It was the 16th straight month of decline and the largest drop since March as sales were lower for most categories: machinery and transport equipment (-36.8 percent), woodcraft (-24.2 percent), other mineral products (-18.9 percent) and chemicals (-18.7 percent). Exports of electronic products, the country's top export revenues, also decreased by 14.8 percent. In contrast, outbound shipments rose for: coconut oil (+42.6 percent) and other manufactures (+7.7 percent). 

Sales fell to all of the country's main trading partners: Japan (-14.4 percent), the US (-4.2 percent), China (-6.5 percent), Hong Kong (-9.9 percent), ASEAN countries (-25.9 percent) and the EU countries (-6.1 percent).

Imports declined by 1.7 percent to USD 6.73 billion, following a 15.4 percent growth in the preceding month. It was he first drop since December. Purchases were lower for: mineral fuels, lubricants and related materials (-26.3 percent), electronic products (-8.1 percent) and iron and steel (-5.7 percent). In contrast, inbound shipments rose for: power generating and specialised machinery (+28.7 percent), plastics in primary and non-primary forms (+25.5 percent), miscellaneous manufactured articles (+22.0 percent), transport equipment (+15.4 percent), other food and live animals (+12.1 percent), industrial machinery and equipment (+10.1 percent) and telecommunication equipment and electrical machinery (+7.5 percent).

Purchases fell from the US (-24.5 percent to USD 571.46 million), followed by the ASEAN countries (+1.7 percent to USD 1.64 billion) and South Korea. In contrast, imports from China, the biggest source of purchases for Philippines, rose  11.2 percent to USD 1.28 billion. Those from Japan also increased by 24.8 percent to USD 824.97 million), followed by Thailand (+16.1 percent to USD 514.38 million) and the EU countries (-21.1 percent to USD 494.91 million).

In June 2016, trade deficit stood at USD 2.10 billion.

PSA l Rida Husna | rida@tradingeconomics.com
9/9/2016 11:54:17 AM

Philippines Trade Last Previous Highest Lowest Unit
Balance of Trade -2053160.00 -2098494.00 1144700.00 -2637938.69 USD Thousand [+]
Exports 4673190.00 4754420.00 5931591.34 23000.00 USD Thousand [+]
Imports 6726350.00 6852905.00 6852905.00 37084.30 USD Thousand [+]
Current Account 389.25 -47.39 1810.97 -1179.40 USD Million [+]
Current Account to GDP 2.90 3.80 5.80 -7.70 percent [+]
External Debt 77474.07 77673.71 79949.42 20893.00 USD Million [+]
Capital Flows 14.00 12.79 93.66 -35.31 USD Million [+]
Remittances 2130866.20 2333960.40 2470164.00 64208.00 USD Thousand [+]
Tourist Arrivals 459138.00 445449.00 553002.00 63628.00 [+]
Gold Reserves 196.18 195.91 274.42 126.89 Tonnes [+]
Terrorism Index 7.27 7.20 7.27 5.78 [+]
Foreign Direct Investment 40390.70 26242.80 230215.40 3959.10 PHP Million [+]
Crude Oil Production 20.00 38.00 40.00 0.79 BBL/D/1K [+]




Last
Afghanistan -7159.00 Dec/15
Albania -29464.00 Aug/16
Algeria -1308.00 Dec/15
Angola 3002.24 Dec/15
Argentina 705.00 Aug/16
Armenia -134.20 Aug/16
Aruba -423.80 Jun/16
Australia -2410.00 Jul/16
Austria 130.00 Jun/16
Azerbaijan 621706.00 Mar/16
Bahamas -459.80 Mar/16
Bahrain 1513.00 Dec/15
Bangladesh -62.34 Jun/16
Barbados -254822.00 Dec/15
Belarus 32.40 Jul/16
Belgium 2544.10 Jul/16
Belize -132.80 Jul/16
Benin -191.61 Jun/16
Bhutan -26021.60 Dec/15
Bolivia -136.20 Apr/16
Bosnia and Herzegovina -526211.72 Jul/16
Botswana -175.90 Jul/16
Brazil 4140.00 Aug/16
Brunei 417.80 Jul/16
Bulgaria -29.90 Jul/16
Burkina Faso -49.00 Sep/14
Burundi -89358.20 Jun/16
Cambodia -1748.30 May/16
Cameroon -1054.40 Dec/13
Canada -2487.90 Jul/16
Cape Verde -4499.80 Jul/16
Cayman Islands -746.00 Dec/15
Central African Republic -29.80 Jun/14
Chad 1166.10 Dec/11
Chile -274.00 Aug/16
China 520.49 Aug/16
Colombia -1.16 Jul/16
Comoros -73294.00 Dec/14
Congo 1001.80 Dec/14
Costa Rica -560.60 Aug/16
Croatia -4059.88 Jul/16
Cuba -9578.00 Dec/15
Cyprus -304347.00 Jul/16
Czech Republic 24445.00 Jul/16
Denmark 8796.60 Jul/16
Djibouti -168260.00 Dec/15
Dominican Republic -631.90 Mar/16
East Timor -39175.91 Jun/16
Ecuador 204425.00 Jul/16
Egypt -3518.00 Jul/16
El Salvador -397.37 Aug/16
Equatorial Guinea 2723.70 Dec/10
Eritrea -833.00 Dec/15
Estonia -164.77 Jul/16
Ethiopia -3601.70 Mar/16
Euro Area 25276.10 Jul/16
European Union 3763.70 Jul/16
Fiji -112192.00 Apr/16
Finland -245.00 Jul/16
France -4505.00 Jul/16
Gabon 3711.95 Dec/13
Gambia -2269.53 Dec/14
Georgia -493.40 Aug/16
Germany 19500.00 Jul/16
Ghana -712.40 Jun/16
Greece -1344.10 Jul/16
Guatemala -452.00 Jul/16
Guinea -308.73 Jun/16
Guinea Bissau -23.80 Dec/14
Guyana -13.70 Jun/16
Haiti -229.96 Jun/16
Honduras -403.60 Jun/16
Hong Kong -32096.00 Aug/16
Hungary 210197.02 Jul/16
Iceland -12997.40 Aug/16
India -7674.14 Aug/16
Indonesia 293.60 Aug/16
Iran 4258.00 Dec/15
Iraq 4397.00 Dec/15
Ireland 3526700.00 Jul/16
Israel -1899.30 Aug/16
Italy 7794.95 Jul/16
Ivory Coast 890.60 Dec/14
Jamaica -680800.00 Mar/16
Japan -18.71 Aug/16
Jordan -658173.00 Jun/16
Kazakhstan 1289.60 Jul/16
Kenya -79107.00 Jun/16
Kosovo -249009.00 Aug/16
Kuwait 402.00 Mar/16
Kyrgyzstan -291.40 Jun/16
Laos -594.89 Dec/15
Latvia -182.90 Jul/16
Lebanon -1258.95 Jun/16
Lesotho -3543.23 Mar/16
Liberia -99.90 May/16
Libya -17675.60 Dec/14
Liechtenstein 326579.00 Jun/16
Lithuania -178.60 Jul/16
Luxembourg -0.42 Jul/16
Macau -5944415.49 Aug/16
Macedonia -131493.00 Jul/16
Madagascar -306742.00 Jun/16
Malawi -31524.80 Sep/15
Malaysia 1907.37 Jul/16
Maldives -161.70 Jun/16
Mali -100.60 Mar/15
Malta -149432.00 Jul/16
Mauritania -79.64 Mar/16
Mauritius -8160.00 Jul/16
Mexico -1913.24 Aug/16
Moldova -148.40 Jul/16
Monaco -104.50 Jun/16
Mongolia 110.00 Aug/16
Montenegro -168082.00 Aug/16
Morocco -17306.00 Jul/16
Mozambique -1754.40 Dec/15
Myanmar -639.40 Dec/15
Namibia -6141.52 Mar/16
Nepal -77662.70 Mar/16
Netherlands 4821.00 Jul/16
New Caledonia -9890.65 Jun/16
New Zealand -1265.00 Aug/16
Nicaragua -223.90 Jun/16
Niger -286709.90 Mar/16
Nigeria -29398.00 Jun/16
North Korea -476.67 Dec/15
Norway 6763.00 Aug/16
Oman -45.20 Dec/15
Pakistan -279639.00 Aug/16
Palestine -310.20 Jul/16
Panama -918416.00 Jul/16
Papua New Guinea 3957.00 Dec/15
Paraguay -154825.00 Aug/17
Peru 484.00 Jul/16
Philippines -2053160.00 Jul/16
Poland -313.00 Jul/16
Portugal -557.44 Jul/16
Puerto Rico 2982.40 Jun/16
Qatar 8688.00 Aug/16
Republic of the Congo 4092.35 Dec/10
Romania -642.90 Jul/16
Russia 6490.00 Jul/16
Rwanda -142.60 May/16
Sao Tome and Principe -27.28 Jun/16
Saudi Arabia 16295.00 Mar/16
Senegal -159.34 Jul/16
Serbia -400.40 Aug/16
Seychelles -53.53 Aug/16
Sierra Leone -52.89 Jun/16
Singapore 5592.00 Aug/16
Slovakia 60.00 Jul/16
Slovenia 99.78 Jul/16
Somalia -1473.48 Dec/15
South Africa -8561.50 Aug/16
South Korea 7100.00 Sep/16
South Sudan -104.70 Dec/15
Spain -557800.00 Jul/16
Sri Lanka -542.00 Jul/16
Sudan -424613.00 Jun/16
Suriname 32.40 Jun/16
Swaziland 1217.38 Dec/15
Sweden -10300.00 Aug/16
Switzerland 3024.63 Aug/16
Syria 9394.50 Dec/10
Taiwan 3984.83 Aug/16
Tajikistan -142.90 Jul/16
Tanzania -207.80 Jun/16
Thailand 2130.00 Aug/16
Togo -68.29 Dec/14
Trinidad and Tobago 258.50 Dec/15
Tunisia -1397.20 Aug/16
Turkey -4686.70 Aug/16
Turkmenistan 2181.97 Dec/15
Uganda -175.50 Jul/16
Ukraine -264.80 Aug/16
United Arab Emirates 328300.00 Dec/15
United Kingdom -4502.00 Jul/16
United States -39474.00 Jul/16
Uruguay 207156.00 Jul/16
Uzbekistan 455.00 Dec/15
Venezuela -782.00 Sep/15
Vietnam -100.00 Sep/16
Yemen -2914.30 Dec/13
Zambia -473.90 Jul/16
Zimbabwe -322.86 Mar/16