Philippines - Merchandise imports from high-income economies (% of total merchandise imports)

Merchandise imports from high-income economies (% of total merchandise imports) in Philippines was 48.81 as of 2020. Its highest value over the past 60 years was 94.22 in 1973, while its lowest value was 48.81 in 2020.

Definition: Merchandise imports from high-income economies are the sum of merchandise imports by the reporting economy from high-income economies according to the World Bank classification of economies. Data are expressed as a percentage of total merchandise imports by the economy. Data are computed only if at least half of the economies in the partner country group had non-missing data.

Source: World Bank staff estimates based data from International Monetary Fund's Direction of Trade database.

See also:

Year Value
1960 90.89
1961 89.51
1962 90.32
1963 86.93
1964 88.93
1965 85.71
1966 87.91
1967 89.32
1968 91.34
1969 90.53
1970 90.32
1971 89.09
1972 91.74
1973 94.22
1974 94.00
1975 89.95
1976 86.91
1977 84.30
1978 85.30
1979 86.92
1980 87.22
1981 88.37
1982 89.43
1983 88.40
1984 82.78
1985 78.94
1986 84.04
1987 85.36
1988 83.98
1989 84.13
1990 85.76
1991 85.62
1992 87.19
1993 88.62
1994 87.45
1995 83.90
1996 80.84
1997 83.77
1998 82.48
1999 82.53
2000 84.09
2001 82.26
2002 81.68
2003 79.46
2004 77.35
2005 77.32
2006 75.15
2007 77.40
2008 73.36
2009 68.97
2010 68.53
2011 67.03
2012 68.37
2013 66.15
2014 63.22
2015 62.26
2016 54.17
2017 56.63
2018 55.99
2019 49.35
2020 48.81

Development Relevance: Low- and middle-income economies are an increasingly important part of the global trading system. Trade between high-income economies and low- and middle-income economies has grown faster than trade between high-income economies. This increased trade benefits both producers and consumers in developing and high-income economies.

Limitations and Exceptions: Data on exports and imports are from the International Monetary Fund's (IMF) Direction of Trade database and should be broadly consistent with data from other sources, such as the United Nations Statistics Division's Commodity Trade (Comtrade) database. All high-income economies and major low- and middle-income economies report trade data to the IMF on a timely basis, covering about 85 percent of trade for recent years. Trade data for less timely reporters and for countries that do not report are estimated using reports of trading partner countries. Therefore, data on trade between developing and high-income economies should be generally complete. But trade flows between many low- and middle-income economies - particularly those in Sub-Saharan Africa - are not well recorded, and the value of trade among low- and middle-income economies may be understated.

Aggregation method: Weighted average

Periodicity: Annual

Classification

Topic: Private Sector & Trade Indicators

Sub-Topic: Imports