Philippines's net trade in goods and services (current US$, BoP) was −US$53.76 billion in 2025, the latest year in the World Bank's World Development Indicators. That is down 201.08% from −US$17.85 billion in 2015.
Key figures
| Value | Year | |
|---|---|---|
| Latest | −US$53.76 billion | 2025 |
| Five years earlier | −US$19.91 billion | 2020 |
| Ten years earlier | −US$17.85 billion | 2015 |
| Highest | US$1.81 billion | 1986 |
| Lowest | −US$54.99 billion | 2024 |
| Average since 2016 | −US$40.47 billion | 2016–2025 |
| First recorded | −US$887 million |
What the numbers say
In 2025, Philippines' net trade in goods and services (current US$, BoP) rose US$1.24 billion on 2024 (from −US$54.99 billion to −US$53.76 billion).
Across the 30 yearly changes before that (1995 to 2024), the average change was −US$1.64 billion and a typical year strayed about US$6.79 billion from that (the standard deviation). This year's change was 0.4 standard deviations above 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 US$16.36 billion in 2020 and the biggest yearly fall was US$18.86 billion in 2021. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.
From 2016 to 2025 the straight-line trend is downward, about US$3.06 billion a year. A straight line explains 60% 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.
How it compares
In 2025, Philippines had the 133rd highest value of the 136 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 2025 ranking
- Pakistan — 130th of 136: −US$34.03 billion
- Egypt, Arab Rep. — 131st of 136: −US$38.62 billion
- United Kingdom — 132nd of 136: −US$52.25 billion
- Ukraine — 134th of 136: −US$55.76 billion
- India — 135th of 136: −US$103.6 billion
- United States — 136th of 136: −US$931.96 billion
What this measures
The balance of international trade in goods and services is the difference between the exports and imports of goods and services. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.
All 49 values
| Year | Net trade in goods and services (current US$, BoP) |
|---|---|
| 2025 | -53,755,351,911 |
| 2024 | -54,991,318,450 |
| 2023 | -47,852,888,411 |
| 2022 | -53,805,933,988 |
| 2021 | -38,767,003,795 |
| 2020 | -19,908,904,994 |
| 2019 | -36,272,180,841 |
| 2018 | -39,364,380,325 |
| 2017 | -31,521,653,140 |
| 2016 | -28,505,668,861 |
Net trade in goods and services (current US$, BoP) in nearby economies
- Australia — US$4.58 billion (2025)
- Brunei Darussalam — US$2.94 billion (2025)
- Cambodia — −US$3.44 billion (2025)
- China — US$822.44 billion (2025)
- Fiji — −US$604.27 million (2024)
- French Polynesia — −US$670.14 million (2016)
- Hong Kong SAR, China — US$12.43 billion (2025)
- Indonesia — US$29.65 billion (2025)
- Japan — −US$26.84 billion (2025)
- Kiribati
More economic policy & debt data for Philippines
- Total reserves, including gold (current US$) — US$110.93 billion (2025)
- Total reserves, excluding gold (current US$) — US$92.26 billion (2025)
- General government final consumption expenditure (constant 2015 US$) — US$70.26 billion (2025)
- General government final consumption expenditure (constant LCU) — 3.5 trillion (2025)
- Households and NPISHs final consumption expenditure (constant 2015 US$) — US$339.25 billion (2025)
- Households and NPISHs final consumption expenditure (constant LCU) — 16.86 trillion (2025)
- Households and NPISHs final consumption expenditure per capita (constant 2015 US$) — US$2,905 (2025)
- Final consumption expenditure (constant 2015 US$)
Reading data like this
Questions people ask
- What is Philippines's net trade in goods and services (current US$, BoP)?
- −US$53.76 billion in 2025, according to the World Bank (World Development Indicators).
- How has it changed since 1977?
- It is down 5,960% from −US$887 million in 1977. The highest value was US$1.81 billion in 1986 and the lowest −US$54.99 billion in 2024.
- How does Philippines rank?
- 133rd highest of 136 economies with data for 2025.
- Is the latest change in net trade in goods and services (current US$, BoP) unusual for Philippines?
- In 2025, Philippines' net trade in goods and services (current US$, BoP) rose US$1.24 billion on 2024 (from −US$54.99 billion to −US$53.76 billion). Across the 30 yearly changes before that (1995 to 2024), the average change was −US$1.64 billion and a typical year strayed about US$6.79 billion from that (the standard deviation). This year's change was 0.4 standard deviations above that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.
Source
World Bank, World Development Indicators, indicator BN.GSR.GNFS.CD, licensed CC BY 4.0. Original source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF) 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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