Philippines Balance of Trade  1957-2017 | Data | Chart | Calendar

Philippines posted a trade deficit of USD 2.57 billion in December of 2016, compared to a USD 1.59 billion gap a year earlier, as imports rose much more than exports. Year-on-year, sales increased by 4.5 percent to USD 4.87 billion, following a 7.5 percent drop in November. Imports jumped 19.1 percent to USD 7.43 billion, compared to a 19.7 percent rise in the prior month. In November 2016, trade deficit also came in at USD 2.57 billion. From January to December 2016, exports shrank 4.4 percent from the same period a year earlier to USD 56.23 billion while imports went up 14.2 percent to USD 81.16 billion. That brought the trade deficit during the period to USD 24.93 billion. Balance of Trade in Philippines averaged -279268.79 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.

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
Calendar GMT Reference Actual Previous Consensus Forecast (i)
2016-12-09 01:00 AM Oct $-2163M $-1890M $-3650M
2017-01-10 01:00 AM Nov $-2566M $-2163M
2017-02-10 01:00 AM Dec $-2564M $-2566M
2017-03-10 01:00 AM Jan $-2564M
2017-04-11 01:00 AM Feb
2017-05-11 01:00 AM Mar




Philippines Trade Gap Widens In December


Philippines posted a trade deficit of USD 2.57 billion in December of 2016, compared to a USD 1.59 billion gap a year earlier, as imports rose much more than exports.

Year-on-year, sales increased by 4.5 percent to USD 4.87 billion, following a 7.5 percent drop in November. Outbound shipments rose the most for coconut oil (146.5 percent), followed by other mineral products (104.5 percent), metal components (66.4 percent), chemicals (42.1 percent) and other manufactures (35.8 percent). In contrast, exports fell for: ignition wiring set and other wiring sets used in vehicles, aircrafts and ships (-37.8 percent), woodcrafts and furniture (19.2 percent), machinery and transport equipment (-12.9 percent) and articles of apparel and clothing accessories (-4.2 percent). Sales of electronic products, the country's top export revenues, also dropped by 2.8 percent.

Exports to Japan, the country's top export destination increased by 2.8 percent, followed by those to Hong Kong (5.3 percent) and China (36.6 percent. In contrast, sales declined to the US (-6.7 percent), Singapore (-7.1 percent), the ASEAN countries (-5.0 percent) and the EU countries (-8.0 percent).

Imports jumped 19.1 percent to USD 7.43 billion, compared to a 19.7 percent rise in the prior month. Purchases rose for most categories : transport equipment iron and steel (74.6 percent), power generating and specialized machinery (56.2 percent), telecommunication equipment and electrical machinery (37.2 percent), industrial machinery and equipment (36.8 percent), plastics in primary and non-primary forms (35.0 percent), iron and steel (19.2 percent), electronic products (18.9 percent) and miscellaneous manufactured articles (18.7 percent). In contrast, imports shrank for mineral fuels, lubricants and related materials (-18.7 percent) and other food and live animals (-1.8 percent). Purchases from China, the country’s biggest source of imports, went up 9.7 percent, followed by Japan (47.5 percent), the US (28.1 percent), Thailand (10.3 percent), South Korea (22.6 percent), the ASEAN countries (17.7 percent) and the EU countries (31.6 percent). 

In November 2016, trade deficit also came in at USD 2.57 billion.

From January to December 2016, exports shrank 4.4 percent from the same period a year earlier to USD 56.23 billion while imports went up 14.2 percent to USD 81.16 billion. That brought the trade deficit during the period to USD 24.93 billion.

PSA l Rida Husna | rida@tradingeconomics.com
2/10/2017 3:16:09 AM



Philippines Trade Last Previous Highest Lowest Unit
Balance of Trade -2564000.00 -2566000.00 1144700.00 -2637938.69 USD Thousand [+]
Exports 4871020.00 4732350.00 5931591.34 23000.00 USD Thousand [+]
Imports 7435030.00 7297950.00 7435030.00 37084.30 USD Thousand [+]
Current Account 567.04 366.99 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 9.94 10.46 93.66 -35.31 USD Million [+]
Remittances 2559000.00 2217000.00 2559000.00 64208.00 USD Thousand [+]
Tourist Arrivals 576638.00 482350.00 576638.00 63628.00 [+]
Gold Reserves 196.18 196.18 274.42 126.89 Tonnes [+]
Terrorism Index 7.10 7.27 7.27 5.78 [+]
Foreign Direct Investment 26710.80 40390.70 230215.40 3959.10 PHP Million [+]
Crude Oil Production 25.00 25.00 40.00 0.79 BBL/D/1K [+]



Philippines Balance of Trade Notes

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 February of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
-2564000.00 -2566000.00 1144700.00 -2637938.69 1957 - 2016 USD Thousand Monthly



Last
Afghanistan -7159.00 Dec/15
Albania -15870.70 Jan/17
Algeria -1308.00 Dec/15
Angola 4470.03 Jun/16
Argentina -106.00 Jan/17
Armenia -115.70 Jan/17
Aruba -465.10 Sep/16
Australia 3511.00 Dec/16
Austria -284.00 Nov/16
Azerbaijan 981353.00 Sep/16
Bahamas -517.60 Sep/16
Bahrain 312.40 Dec/15
Bangladesh -113.51 Nov/16
Barbados -213020.00 Nov/16
Belarus -493.30 Dec/16
Belgium 1837.10 Dec/16
Belize -156.00 Dec/16
Benin -278.15 Sep/16
Bhutan -35828.70 Dec/16
Bolivia -116.89 Sep/16
Bosnia and Herzegovina -609171.99 Dec/16
Botswana 1541.10 Nov/16
Brazil 2724.00 Jan/17
Brunei 203.30 Dec/16
Bulgaria -408.10 Dec/16
Burkina Faso -86.40 Mar/16
Burundi -118434.20 Aug/16
Cambodia -554.50 Sep/16
Cameroon -1189.42 Dec/14
Canada 922.80 Dec/16
Cape Verde -5560.90 Nov/16
Cayman Islands -746.00 Dec/15
Central African Republic -29.80 Jun/14
Chad 1166.10 Dec/11
Chile 719.92 Jan/17
China 513.50 Jan/17
Colombia -0.67 Dec/16
Comoros -73203.00 Dec/16
Congo 1001.80 Dec/14
Costa Rica -539.10 Jan/17
Croatia -4663.06 Dec/16
Cuba -9578.00 Dec/15
Cyprus -407621.00 Dec/16
Czech Republic 21481.00 Dec/16
Denmark 3788.10 Dec/16
Djibouti -168260.00 Dec/15
Dominican Republic -589.40 Jun/16
East Timor -9404.27 Dec/16
Ecuador 15100.00 Dec/16
Egypt -2392.00 Nov/16
El Salvador -424.16 Dec/16
Equatorial Guinea 2723.70 Dec/10
Eritrea -833.00 Dec/15
Estonia -170.31 Dec/16
Ethiopia -3565.10 Sep/16
Euro Area 28142.20 Dec/16
European Union 20885.30 Dec/16
Fiji -204403.00 Sep/16
Finland -530.00 Dec/16
France -3421.00 Dec/16
Gabon 3711.95 Dec/13
Gambia -2344.80 Jun/16
Georgia -297.60 Jan/17
Germany 18700.00 Dec/16
Ghana -452.40 Sep/16
Greece -1566.60 Dec/16
Guatemala -488.00 Dec/16
Guinea 32.97 Sep/16
Guinea Bissau 8.20 Dec/15
Guyana -133.90 Sep/16
Haiti -236.40 Sep/16
Honduras -490.00 Nov/16
Hong Kong -45477.00 Dec/16
Hungary 173000.00 Dec/16
Iceland -6700.00 Jan/17
India -9840.90 Jan/17
Indonesia 1395.80 Jan/17
Iran 4127.00 Sep/16
Iraq 4397.00 Dec/15
Ireland 4017900.00 Dec/16
Israel -705.40 Jan/17
Italy 5797.75 Dec/16
Ivory Coast 1256.00 Dec/15
Jamaica -723200.00 Jun/16
Japan -1086.90 Jan/17
Jordan -721456.00 Dec/16
Kazakhstan 1443.10 Dec/16
Kenya -79843.00 Nov/16
Kosovo -247031.00 Dec/16
Kuwait 1385.00 Sep/16
Kyrgyzstan -114.40 Dec/16
Laos -339.15 Jun/16
Latvia -240.10 Dec/16
Lebanon -1292.24 Dec/16
Lesotho -2305.61 Sep/16
Liberia -82.20 Sep/16
Libya -7687.60 Dec/15
Liechtenstein 343493.00 Dec/16
Lithuania -238.00 Dec/16
Luxembourg -0.37 Dec/16
Macau -6002747.00 Dec/16
Macedonia -201662.00 Dec/16
Madagascar 20810.00 Dec/16
Malawi -53950.00 Mar/16
Malaysia 8720.00 Dec/16
Maldives -171.90 Nov/16
Mali -226.10 Sep/15
Malta -151832.00 Dec/16
Mauritania -79.64 Mar/16
Mauritius -7927.00 Dec/16
Mexico 28.00 Dec/16
Moldova -197.50 Dec/16
Monaco -104.50 Jun/16
Mongolia 151.40 Jan/17
Montenegro -140962.00 Dec/16
Morocco -16689.00 Dec/16
Mozambique -434.30 Sep/16
Myanmar -303.20 May/16
Namibia -6654.37 Sep/16
Nepal -80884.00 Jun/16
Netherlands 5494.00 Dec/16
New Caledonia -7307.00 Oct/16
New Zealand -41.38 Dec/16
Nicaragua -294.50 Nov/16
Niger -108402.00 Sep/16
Nigeria -27238.30 Sep/16
North Korea -476.67 Dec/15
Norway 25045.75 Jan/17
Oman 90.00 Sep/16
Pakistan -309673.00 Jan/17
Palestine -372.00 Dec/16
Panama -1009640.52 Dec/16
Papua New Guinea 3223.00 Jun/16
Paraguay -209595.00 Jan/17
Peru 1023.00 Dec/16
Philippines -2564000.00 Dec/16
Poland -151.00 Dec/16
Portugal -1373.50 Dec/16
Puerto Rico 2204.40 Nov/16
Qatar 10746.00 Dec/16
Republic of the Congo 4092.35 Dec/10
Romania -1185.40 Dec/16
Russia 11834.00 Dec/16
Rwanda -116.57 Nov/16
Sao Tome and Principe -27.04 Dec/16
Saudi Arabia 73133.00 Sep/16
Senegal -96.90 Dec/16
Serbia -514.40 Dec/16
Seychelles -38.40 Dec/16
Sierra Leone -52.89 Jun/16
Singapore 3287.37 Jan/17
Slovakia -120.00 Dec/16
Slovenia 18.80 Dec/16
Somalia -1473.48 Dec/15
South Africa 12036.48 Dec/16
South Korea 3200.00 Jan/17
South Sudan -104.70 Dec/15
Spain -2447000.00 Dec/16
Sri Lanka -957.00 Dec/16
Sudan -338394.00 Sep/16
Suriname 42.20 Sep/16
Swaziland -320.72 Jun/16
Sweden 1000.00 Dec/16
Switzerland 4733.00 Jan/17
Syria 9394.50 Dec/10
Taiwan 3494.92 Jan/17
Tajikistan -196.00 Dec/16
Tanzania -26.00 Nov/16
Thailand 940.00 Dec/16
Togo -74.03 Jun/16
Trinidad and Tobago -364.10 Jun/16
Tunisia -1221.80 Jan/17
Turkey -5598.00 Dec/16
Turkmenistan 2181.97 Dec/15
Uganda -143.40 Dec/16
Ukraine -561.70 Dec/16
United Arab Emirates 328300.00 Dec/15
United Kingdom -3304.00 Dec/16
United States -44262.00 Dec/16
Uruguay -127557.00 Dec/16
Uzbekistan 455.00 Dec/15
Venezuela -782.00 Sep/15
Vietnam 1150.00 Jan/17
Yemen -2914.30 Dec/13
Zambia -998.80 Sep/16
Zimbabwe -241.27 Aug/16