Philippines Merchandise Trade 2014 – 2018

PH Merchandise Trade (in US$M) 2014-2018 with the UK

  2014 2015 2016 2017 2018
Exports 460.73 499.59 501.06 522.21 534.89
Imports 385.62 398.66 509.18 521.61 685.10
Total Trade 846.35 898.25 1,010.24 1,043.81 1,219.99
Balance of Trade 75.11 100.93 (8.12) 0.60 (150.21)

Sources: DTI-Tradeline Philippines[1]


• The compounded annual growth rate (CAGR) of the PH merchandise for the total trade to the UK from 2014 to 2018 is at 9.6%. During the same period, the CAGR for import is 15.5%; whilst for export is at 3.8%.

• The top 5 PH exports over the past five years are: a) electronic products (↑7.6%); b) machinery and transport equipment (↓ 11.1%); c) other manufactures (↑ 9.2%); d) tuna (↑ 12.8%); and e) processed food and beverages (↑ 13.4). 2

• Meanwhile, the top 5 imports in 2018 are: a) optical, photographic, measuring or surgical instruments and apparatus; b) miscellaneous manufactured articles; c) furniture, bedding, mattresses; d) toys, games and sports requisites; and e) commodities and transactions not classified elsewhere.3

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