Philippines world map

Trade in Philippines

The Philippines was the world’s 49th largest exporter of goods and 31st largest exporter of commercial services in 2022. Export values were $78.93 billion and $41.07 billion USD respectively. The Philippines’s top export category was Manufactures, followed by Machinery and transport equipment, and Office and telecom equipment. In 2022, The Philippines’s main export destination markets for goods and services trade were to Japan, United States and China, with trade representing 72.42 per cent of GDP. In terms of imports, The Philippines is the world’s 35th largest importer of goods and 42nd largest importer of commercial services. Import values were $145.87 billion and $25.44 billion USD respectively in 2022. The Philippines’s top import category was Manufactures, followed by Machinery and transport equipment and Fuels and mining products. Leading import partners were China, Japan and United States. The Philippines is part of 12 different Regional Trade Agreements, including ASEAN – Australia – New Zealand and ASEAN – China.
Regional Trade Agreements Database

General Information

This section includes general information on the economy, legal system, official languages and links to additional demographic information.

Official Name

Republic of the Philippines





WTO Membership Date

1 January 1995

Legal System

mixed legal system of civil, common, Islamic (sharia), and customary law


Filipino, English

Number of Time Zone(s)


Additional Information

Financial Information

This section includes financial information such as the currency, exchange rate lookup and local banks issuing trade finance.


Philippine peso

Exchange Rate

Google Finance Currencies

GTFP Confirming Banks

Through the IFC's Global Trade Finance Program (GTFP) bank network, local financial institutions can establish working partnerships with a vast number of major international banks in the Program that can broaden access to finance and reduce cash collateral requirements. This extends and complements the capacity of banks to deliver trade finance by providing risk mitigation on a per-transaction basis in challenging markets where trade lines may be limited.
  • Australia and New Zealand Banking Group Limited Manila - Manila, Philippines - SWIFT: ANZBPHMXXXX

  • Bank of America NA Manila - Manila, Philippines - SWIFT: BOFAPH2X

  • Bank of China Manila - Manila, Philippines - SWIFT: BKCHPHMM

  • BNP Paribas Manila Offshore Branch - Manila, Philippines - SWIFT: BNPAPHMM

  • Citibank NA Philippines - Manila, Philippines - SWIFT: CITIPHMX

  • Deutsche Bank AG Manila - Manila, Philippines - SWIFT: DEUTPHMM

  • Maybank Philippines Incorporated - Manila, Philippines - SWIFT: MBBEPHMM

Contact Information

This section includes contact information for business support organizations and national resources.

Business Support Organizations

Government MSME Agency

  • The Small Business Guarantee and Finance Corporation (SB Corporation)

SPS Enquiry Points

Sanitary and phytosanitary (SPS) enquiry points are government agencies designated to answer questions about trade requirements.
  • Office of the Director
    Policy Research Service
    Department of Agriculture
    Phone: +(632) 926 7439

    Elliptical Road, Diliman

    [email protected]

Additional Information

ePing alert

Links to other helpful resources

This section includes additional links to trade-related resources.

National Tariff Finder

Trade Information Portal

Last Reviewed: June, 2024

Businesses & Entrepreneurs

Find a concise overview of key aspects of international trade for micro, small, and medium-sized enterprises with our Businesses & Entrepreneurs Guides.

Policymakers & Researchers

Find a concise overview of key aspects of trade and MSME-related policymaking with our dedicated library of Policymakers & Researchers Guides.

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Simplify your market research with an integrated source of trade intelligence, for firms of all sizes, even the smallest. The Global Trade Helpdesk, an initiative by the International Trade Centre, the United Nations Conference on Trade and Development, and the World Trade Organization, provides market intelligence for companies looking to trade in an easy-to-use online tool.