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Export Market

Philippines

ISO: PH / PHL

Country Profile

Capital Manila
Population 114.1M
GDP $461.6B (2024)
GDP per Capita $3,985
Income Level Lower-Middle Income
Currency Philippine peso (PHP ₱)
Language English
Timezone UTC+08:00
Region Asia · South-Eastern Asia

Trade Partners

Philippines Exports To

  • China 19.0%
  • USA 13.0%
  • Hong Kong 12.0%
  • Japan 11.0%
  • Germany 5.0%

Key exports: integrated circuits, machine parts, gold, insulated wire, semiconductors (2023)

Philippines Imports From

  • China 25.0%
  • Indonesia 8.0%
  • Japan 8.0%
  • S. Korea 6.0%
  • USA 6.0%

Key imports: integrated circuits, refined petroleum, cars, crude petroleum, coal (2023)

Economic Overview

growing Southeast Asian economy; commercial rebound led by transportation, construction and financial services; electronics exports recovering from sector slowdown; significant remittances; interest rate rises following heightened inflation; uncertainties due to increased regional tensions with China 

Government: presidential republic

UK Trade Status

No FTA

There is currently no free trade agreement between the UK and Philippines. Standard WTO terms apply.

Geographic Region

Asia Pacific

Trading Bloc Memberships

Philippines is a member of the following trade agreements and economic blocs.

ASEAN Association of Southeast Asian Nations Economic Union RCEP Regional Comprehensive Economic Partnership Trade Agreement

Export Guidance

Relevant guidance for exporting to Philippines.

Start Your Export Journey

Export to the EU after Brexit Start exporting from the UK Manage your export compliance

Also in This Region

🇦🇺 Australia FTA 🇧🇳 Brunei 🇰🇭 Cambodia 🇫🇯 Fiji FTA 🇮🇩 Indonesia 🇯🇵 Japan FTA 🇱🇦 Laos 🇲🇾 Malaysia

Official Resources

Government export support for Philippines.

great.gov.uk Market Guide → GOV.UK Country Information →
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