The Philippines is the 41st largest export economy in the world and the 28th most complex economy according to the Economic Complexity Index (ECI). In 2016, the Philippines exported $54.3B and imported $80.5B, resulting in a negative trade balance of $26.3B. In 2016 the GDP of the Philippines was $304B and its GDP per capita was $7.81k.
The top exports of the Philippines are Integrated Circuits ($13.6B), Computers ($4.47B), Wood Carpentry ($2.78B), Semiconductor Devices ($2.33B) and Insulated Wire ($2.25B), using the 1992 revision of the HS (Harmonized System) classification. Its top imports are Integrated Circuits ($9.5B), Cars ($3.93B), Refined Petroleum ($3.56B), Office Machine Parts ($3.06B) and Crude Petroleum ($2.91B).
The top export destinations of the Philippines are Japan ($11.7B), the United States ($8.67B), Hong Kong ($6.58B), China ($6.19B) and Singapore ($3.7B). The top import origins are China ($29.8B), Japan ($10.3B), the United States ($8.2B), South Korea ($7.28B) and Singapore ($6.51B).