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.