Philippines Trade Balance 1981-2024
External balance on goods and services (formerly resource balance) equals exports of goods and services minus imports of goods and services (previously nonfactor services). Data are in current U.S. dollars.
- Philippines trade balance for 2023 was $-61.59B, a 2.7% decline from 2022.
- Philippines trade balance for 2022 was $-63.30B, a 34.07% increase from 2021.
- Philippines trade balance for 2021 was $-47.21B, a 68.1% increase from 2020.
- Philippines trade balance for 2020 was $-28.09B, a 38.28% decline from 2019.
| Philippines Trade Balance - Historical Data |
| Year |
Billions of US $ |
% of GDP |
| 2023 |
$-61.59B |
-14.09% |
| 2022 |
$-63.30B |
-15.65% |
| 2021 |
$-47.21B |
-11.98% |
| 2020 |
$-28.09B |
-7.76% |
| 2019 |
$-45.51B |
-12.08% |
| 2018 |
$-40.71B |
-11.74% |
| 2017 |
$-29.77B |
-9.06% |
| 2016 |
$-26.86B |
-8.43% |
| 2015 |
$-14.48B |
-4.73% |
| 2014 |
$-8.21B |
-2.76% |
| 2013 |
$-9.85B |
-3.47% |
| 2012 |
$-7.62B |
-2.91% |
| 2011 |
$-6.05B |
-2.59% |
| 2010 |
$-0.74B |
-0.35% |
| 2009 |
$-0.79B |
-0.45% |
| 2008 |
$-1.76B |
-0.97% |
| 2007 |
$3.72B |
2.38% |
| 2006 |
$2.09B |
1.64% |
| 2005 |
$-1.49B |
-1.39% |
| 2004 |
$-3.30B |
-3.47% |
| 2003 |
$-2.58B |
-2.96% |
| 2002 |
$-3.23B |
-3.83% |
| 2001 |
$-2.04B |
-2.59% |
| 2000 |
$1.28B |
1.54% |
| 1999 |
$-0.29B |
-0.34% |
| 1998 |
$-3.32B |
-4.46% |
| 1997 |
$-6.64B |
-7.06% |
| 1996 |
$-5.76B |
-6.08% |
| 1995 |
$-4.60B |
-5.44% |
| 1994 |
$-3.20B |
-4.38% |
| 1993 |
$-3.63B |
-5.86% |
| 1992 |
$-2.07B |
-3.43% |
| 1991 |
$-1.19B |
-2.29% |
| 1990 |
$-2.09B |
-4.14% |
| 1989 |
$-0.87B |
-1.80% |
| 1988 |
$0.29B |
0.68% |
| 1987 |
$-0.10B |
-0.27% |
| 1986 |
$0.81B |
2.39% |
| 1985 |
$0.42B |
1.20% |
| 1984 |
$-0.34B |
-0.94% |
| 1983 |
$-1.85B |
-4.89% |
| 1982 |
$-1.87B |
-4.44% |
| 1981 |
$-1.20B |
-2.96% |
