Philippines: Import value index (2015 = 100)

Key figures

What the numbers say

In 2024, Philippines' import value index (2015 = 100) rose 1.4 on 2023 (from 179 to 180.4).

Across the 18 yearly changes before that (2006 to 2023), the average change was +6.27 and a typical year strayed about 17.42 from that (the standard deviation). This year's change was 0.3 standard deviations below that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.

On record, the biggest yearly rise was 45 in 2021 and the biggest yearly fall was 29.6 in 2020. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.

From 2015 to 2024 the straight-line trend is upward, about 8.93 a year. A straight line explains 75% of the movement over 10 observed years.

Worked out from the yearly values above. How the checks work: standard deviation, z-scores and straight-line trends.

A straight-line projection, tested first

Extending that straight line gives about 219.41 for 2027. We show this only because the same method, fitted on earlier years, predicted 2022 to 2024 better than "no change" would have: its average miss was 11.81, against 18.43 for assuming no change. Treat it as a continuation of the recent pattern, not a forecast of events: it cannot see a recession, a policy change or a revision to the data.

See how a linear trend forecast works and the guide on forecasting without fooling yourself.

How it compares

In 2024, Philippines had the 54th highest value of the 204 economies reporting that year. Higher is not always better: for some indicators the lowest value is the one to aim for. See the full ranking.

Closest to Philippines in the 2024 ranking

• Guatemala — 51st of 204: 184.2
• Papua New Guinea — 52nd of 204: 183.6
• India — 53rd of 204: 182.2
• Bosnia and Herzegovina — 55th of 204: 176.6
• Dominican Republic — 56th of 204: 176.3
• St. Lucia — 57th of 204: 174.8

What this measures

Import value indexes are the current value of imports (c.i.f.) converted to U.S. dollars and expressed as a percentage of the average for the base period (2015). UNCTAD's import value indexes are reported for most economies.

All 20 values

Import value index (2015 = 100) in nearby economies

• American Samoa — 105.9 (2024)
• Australia — 142.1 (2024)
• Brunei Darussalam — 232 (2024)
• Cambodia — 215.4 (2024)
• China — 153.9 (2024)
• Fiji — 149.3 (2024)
• French Polynesia — 149.7 (2024)
• Guam — 127.5 (2024)
• Hong Kong SAR, China — 126 (2024)
• Indonesia — 166 (2024)
• Japan — 114.7 (2024)

More trade data for Philippines

• Tariff rate, applied, simple mean, manufactured products (%) — 3.82% (2022)
• Tariff rate, most favored nation, simple mean, manufactured products (%) — 5.66% (2022)
• Tariff rate, applied, weighted mean, manufactured products (%) — 0.9% (2022)
• Tariff rate, most favored nation, weighted mean, manufactured products (%) — 5.09% (2022)
• Tariff rate, applied, simple mean, all products (%) — 3.94% (2022)
• Tariff rate, most favored nation, simple mean, all products (%) — 6.15% (2022)
• Tariff rate, applied, weighted mean, all products (%) — 1.76% (2022)
• Tariff rate, most favored nation, weighted mean, all products (%)

Reading data like this

• Where to find free public data, and how to check it before you trust it — 2 min read
• Data analysis examples: 6 worked from one dataset — 3 min read
• Real change or random noise? A plain guide to reading your numbers — 2 min read

Questions people ask

What is Philippines's import value index (2015 = 100)?

180.4 in 2024, according to the World Bank (World Development Indicators).

How has it changed since 2005?

It is up 172.51% from 66.2 in 2005 (5.42% a year on average, compounded). The highest value was 195.1 in 2022 and the lowest 61.4 in 2009.

How does Philippines rank?

54th highest of 204 economies with data for 2024.

Source

World Bank, World Development Indicators, indicator TM.VAL.MRCH.XD.WD, licensed CC BY 4.0. Original source: UN Conference on Trade and Development (UNCTAD) Figures are fetched from the World Bank API and refreshed monthly; see the series on data.worldbank.org. The full definition and method are in the World Bank's metadata glossary. Comparisons use the same World Bank release.

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