The Philippines is the 38th largest export economy in the world. In 2016, the Philippines exported $78B and imported $92.9B, resulting in a negative trade balance of $14.9B. In 2016 the GDP of the Philippines was $304B and its GDP per capita was $7.8k.
The top exports of the Philippines are Integrated Circuits ($21.9B), Computers ($6.46B), Semiconductor Devices ($3.87B), Insulated Wire ($2.36B) and Electrical Transformers ($2.25B), using the 1992 revision of the HS (Harmonized System) classification. Its top imports are Integrated Circuits ($11.7B), Refined Petroleum ($5.19B), Cars ($4B), Office Machine Parts ($2.78B) and Crude Petroleum ($2.63B).
The top export destinations of the Philippines are China ($15B), the United States ($10.5B), Japan ($9.6B), Hong Kong ($9.2B) and Singapore ($4.88B). The top import origins are China ($19.4B), Japan ($10.1B), the United States ($7.51B), Other Asia ($6.78B) and Thailand ($6.76B).