The Philippines is the 37th largest export economy in the world. In 2016, the Philippines exported $199B and imported $251B, resulting in a negative trade balance of $51.9B. 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 ($31.9B), Computers ($6.54B), Semiconductor Devices ($4.56B), Wood Carpentry ($2.8B) and Office Machine Parts ($2.78B), using the 1992 revision of the HS (Harmonized System) classification. Its top imports are Integrated Circuits ($13.3B), Cars ($5.75B), Refined Petroleum ($3.84B), Office Machine Parts ($3.2B) and Crude Petroleum ($2.83B).
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).