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

Philippines registered a USD 1.73 billion trade deficit in February of 2017, compared to a USD 1.10 billion gap a year earlier. It was the largest trade gap for a February month, as exports rose less than imports. Year-on-year, sales increased by 11.0 percent to USD 4.78 billion, following a 22.5 percent rise in January. Imports rose 20.3 percent to USD 6.51 billion, compared to a 9.1 percent growth in a month earlier. In January 2017, trade deficit stood at USD 2.31 billion. Balance of Trade in Philippines averaged -283843.17 USD Thousand from 1957 until 2017, 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
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Calendar GMT Reference Actual Previous Consensus Forecast (i)
2017-02-10 01:00 AM Dec $-2564M $-2566M
2017-03-10 01:00 AM Jan $-2314M $-2158M $-3111M
2017-04-11 01:00 AM Feb $-1728B $-2314M $-1010M
2017-05-11 01:00 AM Mar $-1728B $-1511M
2017-06-09 01:00 AM Apr $-2549M
2017-07-11 01:00 AM May $-2399M




Philippines Trade Gap Widens In February


Philippines registered a USD 1.73 billion trade deficit in February of 2017, compared to a USD 1.10 billion gap a year earlier, as exports rose less than imports.

In February, sales increased by 11.0 percent from a year earlier to USD 4.78 billion, following a 22.5 percent rise in January. Outbound shipments rose the most for cathodes and sections of cathodes, of refined copper (946.9 percent) and other mineral products (107.5 percent). Sales also went up for: coconut oil (66.5 percent), electronic equipment and parts (64.9 percent), metal components (29.4 percent), other manufactures (20.1 percent) and chemicals (9.6 percent). Sales of electronic products, the country's top export revenues, increased by 15.9 percent. In contrast, exports fell for: machinery and transport equipment (-16.8 percent) and ignition wiring set and other wiring sets used in vehicles, aircrafts and ships (-13.9 percent).

Exports went up to the US (0.3 percent), Hong Kong (66.6 percent), China (24.7 percent), the ASEAN countries (18.8 percent) and the EU countries (7.9 percent). In contrast, sales declined to Japan (-22.5 percent) and Singapore (-0.2 percent).

Imports rose 20.3 percent  to USD 6.51 billion, compared to a 9.1 percent growth in a month earlier. Purchases increased for: mineral fuels, lubricants and related materials (97.3 percent), iron and steel (61.4 percent), cereals and cereal preparations (47.7 percent), plastics in primary and non-primary forms (26.1 percent), transport equipment (20.9 percent), electronic products (11.5 percent) and other food and live animals (4.6 percent). In contrast, inbound shipments fell for: miscellaneous manufactured articles (-3.2 percent), industrial machinery and equipment (-2.6 percent) and telecommunication equipment and electrical machinery (-0.3 percent).

In January 2017, trade deficit stood at USD 2.31 billion.

PSA l Rida Husna | rida@tradingeconomics.com
4/11/2017 7:02:43 AM



Philippines Trade Last Previous Highest Lowest Unit
Balance of Trade -1728241.69 -2313784.93 1144700.00 -2637938.69 USD Thousand [+]
Exports 4782453.49 5130394.54 5931591.34 23000.00 USD Thousand [+]
Imports 6510695.19 7444179.47 7444179.47 37084.30 USD Thousand [+]
Current Account -197.31 -743.28 1810.97 -1179.40 USD Million [+]
Current Account to GDP 0.20 2.50 5.80 -7.70 percent [+]
External Debt 76621.97 77474.07 79949.42 20893.00 USD Million [+]
Capital Flows 8.80 8.25 93.66 -35.31 USD Million [+]
Remittances 2169240.80 2168689.30 2559000.00 64208.00 USD Thousand [+]
Tourist Arrivals 631639.00 576638.00 631639.00 63628.00 [+]
Gold Reserves 196.34 196.18 274.42 126.89 Tonnes [+]
Terrorism Index 7.10 7.27 7.27 5.78 [+]
Foreign Direct Investment 125694.30 26710.80 230215.40 3959.10 PHP Million [+]
Crude Oil Production 25.00 25.00 40.00 0.79 BBL/D/1K [+]

Exports by Country  |   Exports by Category  |   Imports by Country  |   Imports by Category



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 April of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
-1728241.69 -2313784.93 1144700.00 -2637938.69 1957 - 2017 USD Thousand Monthly



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Australia 3574.00 Feb/17
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Brazil 7145.00 Mar/17
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Chad 1166.10 Dec/11
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China 239.20 Mar/17
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Costa Rica -385.90 Mar/17
Croatia -3822.78 Feb/17
Cuba -9578.00 Dec/15
Cyprus -273026.00 Feb/17
Czech Republic 38954.00 Feb/17
Denmark 4108.40 Feb/17
Djibouti -168260.00 Dec/15
Dominican Republic -589.40 Jun/16
East Timor -9404.27 Dec/16
Ecuador 283225.00 Feb/17
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Equatorial Guinea 2723.70 Dec/10
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Euro Area 17800.00 Feb/17
European Union 1699.20 Feb/17
Fiji -255170.00 Nov/16
Finland -280.00 Feb/17
France -6568.00 Feb/17
Gabon 3711.95 Dec/13
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Germany 19881.00 Feb/17
Ghana 46.90 Dec/16
Greece -1977.80 Feb/17
Guatemala -541.00 Jan/17
Guinea 32.97 Sep/16
Guinea Bissau 8.20 Dec/15
Guyana -133.90 Sep/16
Haiti -236.40 Sep/16
Honduras -452.80 Dec/16
Hong Kong -42268.00 Mar/17
Hungary 281000.00 Feb/17
Iceland -16200.00 Mar/17
India -10437.20 Mar/17
Indonesia 1234.00 Mar/17
Iran 4127.00 Sep/16
Iraq 4397.00 Dec/15
Ireland 4735800.00 Feb/17
Israel -702.90 Feb/17
Italy 1884.00 Feb/17
Ivory Coast 1256.00 Dec/15
Jamaica -723200.00 Jun/16
Japan 614.72 Mar/17
Jordan -709700.00 Jan/17
Kazakhstan 1577.20 Feb/17
Kenya -76470.00 Dec/16
Kosovo -233399.00 Mar/17
Kuwait 1693.00 Dec/16
Kyrgyzstan -111.20 Feb/17
Laos -339.15 Jun/16
Latvia -151.80 Feb/17
Lebanon -1421.92 Feb/17
Lesotho -2305.61 Sep/16
Liberia -82.20 Sep/16
Libya -7687.60 Dec/15
Liechtenstein 343493.00 Dec/16
Lithuania -250.20 Feb/17
Luxembourg -0.63 Feb/17
Macau -4279600.00 Feb/17
Macedonia -142509.00 Feb/17
Madagascar 20810.00 Dec/16
Malawi -52012.50 Sep/16
Malaysia 8708.72 Feb/17
Maldives -171.90 Nov/16
Mali -226.10 Sep/15
Malta -127663.00 Feb/17
Mauritania -79.64 Mar/16
Mauritius -5647.00 Feb/17
Mexico 684.00 Feb/17
Moldova -156.10 Feb/17
Monaco -119.40 Dec/16
Mongolia 189.40 Mar/17
Montenegro -165285.00 Mar/17
Morocco -11927.00 Feb/17
Mozambique 18.20 Dec/16
Myanmar -332.60 Jul/16
Namibia -10235.56 Dec/16
Nepal -65907.40 Sep/16
Netherlands 5585.00 Feb/17
New Caledonia -10978.00 Dec/16
New Zealand -18.29 Feb/17
Nicaragua -268.30 Dec/16
Niger -108402.00 Sep/16
Nigeria 227044.30 Dec/16
North Korea -476.67 Dec/15
Norway 22719.43 Mar/17
Oman 205.90 Nov/16
Pakistan -336061.00 Mar/17
Palestine -334.00 Feb/17
Panama -698306.16 Feb/17
Papua New Guinea 4593.00 Sep/16
Paraguay 118135.00 Mar/17
Peru 741.00 Feb/17
Philippines -1728241.69 Feb/17
Poland -537.00 Feb/17
Portugal -746.19 Feb/17
Puerto Rico 2830.80 Dec/16
Qatar 12321.00 Feb/17
Republic of the Congo 4092.35 Dec/10
Romania -651.60 Feb/17
Russia 10171.00 Feb/17
Rwanda -116.57 Nov/16
Sao Tome and Principe -27.04 Dec/16
Saudi Arabia 88253.00 Dec/16
Senegal -149.50 Jan/17
Serbia -365.80 Feb/17
Seychelles -23.40 Feb/17
Sierra Leone -52.89 Jun/16
Singapore 6098.90 Mar/17
Slovakia 344.00 Feb/17
Slovenia 15.03 Feb/17
Somalia -1473.48 Dec/15
South Africa 5216.14 Feb/17
South Korea 6550.00 Mar/17
South Sudan -104.70 Dec/15
Spain -2606000.00 Feb/17
Sri Lanka -773.00 Feb/17
Sudan -477522.00 Dec/16
Suriname 154.40 Dec/16
Swaziland 608.24 Sep/16
Sweden 0.00 Feb/17
Switzerland 3105.00 Feb/17
Syria 9394.50 Dec/10
Taiwan 3933.06 Mar/17
Tajikistan -117.70 Jan/17
Tanzania 150.30 Jan/17
Thailand 1616.92 Mar/17
Togo -74.03 Jun/16
Trinidad and Tobago -364.10 Jun/16
Tunisia -1368.30 Mar/17
Turkey -3690.00 Feb/17
Turkmenistan 2181.97 Dec/15
Uganda -181.00 Feb/17
Ukraine -336.20 Feb/17
United Arab Emirates 250900.00 Dec/16
United Kingdom -3663.00 Feb/17
United States -43557.00 Feb/17
Uruguay -63419.00 Feb/17
Uzbekistan 455.00 Dec/15
Venezuela -782.00 Sep/15
Vietnam -1100.00 Mar/17
Yemen -2914.30 Dec/13
Zambia -998.80 Sep/16
Zimbabwe -197.50 Dec/16