Philippines - Merchandise exports to high-income economies (% of total merchandise exports)

Merchandise exports to high-income economies (% of total merchandise exports) in Philippines was 71.53 as of 2020. Its highest value over the past 60 years was 98.96 in 1965, while its lowest value was 71.53 in 2020.

Definition: Merchandise exports to high-income economies are the sum of merchandise exports from the reporting economy to high-income economies according to the World Bank classification of economies. Data are expressed as a percentage of total merchandise exports 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 95.29
1961 97.52
1962 97.42
1963 98.51
1964 98.34
1965 98.96
1966 97.69
1967 95.82
1968 97.15
1969 93.43
1970 97.63
1971 98.11
1972 97.42
1973 96.34
1974 97.08
1975 92.03
1976 90.90
1977 87.89
1978 90.44
1979 91.98
1980 86.88
1981 87.23
1982 85.54
1983 89.28
1984 90.42
1985 88.15
1986 90.12
1987 90.90
1988 92.21
1989 92.50
1990 92.55
1991 91.51
1992 93.55
1993 90.77
1994 91.17
1995 88.98
1996 85.85
1997 90.62
1998 90.30
1999 88.30
2000 88.96
2001 87.81
2002 85.75
2003 81.31
2004 81.30
2005 77.81
2006 78.45
2007 76.72
2008 77.19
2009 80.49
2010 77.47
2011 74.54
2012 76.04
2013 76.32
2014 76.04
2015 76.53
2016 77.45
2017 76.40
2018 73.76
2019 72.27
2020 71.53

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. At the regional level most exports from low- and middle-income economies are to high-income economies, but the share of intraregional trade is increasing. Geographic patterns of trade vary widely by country and commodity. Larger shares of exports from oil- and resource-rich economies are to 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: Exports