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Foreign Trade (As % of GDP) in Philippines

Source: World Bank
Last Updated: Aug 2, 2021

Foreign trade as a share of GDP reached 58.2 % in 2020 in Philippines, according to the National Statistical Office. This is 15.5 % less than in the previous year.

Historically, foreign trade as a share of GDP in Philippines reached an all time high of 108 % in 1997 and an all time low of % in. When compared to Philippines's main peers, foreign trade as a share of GDP in China amounted to 34.5 %, 33.2 % in Indonesia and 209 % in Vietnam in 2020.

Philippines has been ranked 89th within the group of 133 countries we follow in terms of foreign trade as a share of GDP, 22 places above the position seen 10 years ago.

Trade is the sum of exports and imports of goods and services measured as a share of gross domestic product.


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