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Philippines-USA Bilateral Trade Analysis 2023

Complete trade statistics: $21.70B total volume •Philippines surplus: $4.74B

Philippines → USA

$13.22B

Exports (2023)

USA → Philippines

$8.48B

Imports (2023)

Trade Balance

$4.74B

Surplus for Philippines

Total Trade

$21.70B

Combined Volume

Trade Flow Visualization

Direct trade relationship between Philippines and USA. Green line shows exports from Philippines, red line shows imports.

Detailed Product Trade Analysis

Comprehensive breakdown of trade flows by product category, revealing the specialized nature of the Philippines-USA commercial relationship and competitive positioning in global markets.

Philippines → USA Exports

$13.22B

2023 Total

Export Market Intelligence

Product Diversity:

Highly Diversified

Market Share:

6.9% top product

1Electronic integrated circuits: n.e.c. in heading no. 8542

$910.03M

6.9% of exports

2Insulated electric conductors: ignition wiring sets and other wiring sets of a kind used in vehicles, aircraft or ships

$814.61M

6.2% of exports

3Communication apparatus (excluding telephone sets or base stations): machines for the reception, conversion and transmission or regeneration of voice, images or other data, including switching and routing apparatus

$748.66M

5.7% of exports

4Electrical static converters

$504.69M

3.8% of exports

5Units of automatic data processing machines: storage units

$449.62M

3.4% of exports

6Machinery: parts and accessories (other than covers, carrying cases and the like) of the machines of heading no. 8471

$444.24M

3.4% of exports

7Semiconductor media: solid-state non-volatile storage devices, whether or not recorded, excluding products of Chapter 37

$433.68M

3.3% of exports

8Electronic integrated circuits: processors and controllers, whether or not combined with memories, converters, logic circuits, amplifiers, clock and timing circuits, or other circuits

$370.47M

2.8% of exports

9Projectors: n.e.c. in subheading 8528.62, whether or not colour

$297.67M

2.3% of exports

10Printing, copying, and facsimile machines: single-function printing, copying or facsimile machines, capable of connecting to an automatic data processing machine or to a network

$257.01M

1.9% of exports

🎯 Strategic Export Focus

Philippines's export portfolio to USA demonstrates strong diversification across multiple sectors, with electronic integrated circuits: n.e.c. in heading no. 8542 representing a key competitive advantage in this bilateral market.

USA → Philippines Imports

$8.48B

2023 Total

Import Dependency Profile

Supply Diversity:

Well Diversified

Critical Imports:

13.5% concentration

1Electronic integrated circuits: n.e.c. in heading no. 8542

$1.15B

13.5% of imports

2Cereals: wheat and meslin, other than durum wheat, other than seed

$775.84M

9.1% of imports

3Oil-cake and other solid residues: whether or not ground or in the form of pellets, resulting from the extraction of soya-bean oil

$714.91M

8.4% of imports

4Electronic integrated circuits: processors and controllers, whether or not combined with memories, converters, logic circuits, amplifiers, clock and timing circuits, or other circuits

$383.84M

4.5% of imports

5Dairy produce: milk and cream, concentrated or containing added sugar or other sweetening matter, in powder, granules or other solid forms, of a fat content not exceeding 1.5% (by weight)

$277.11M

3.3% of imports

6Telephones for cellular networks or for other wireless networks

$180.94M

2.1% of imports

7Meat and edible offal: of fowls of the species Gallus domesticus, cuts and offal, frozen

$179.23M

2.1% of imports

8Ethyl alcohol and other spirits: denatured, of any strength

$152.50M

1.8% of imports

9Instruments, apparatus for measuring, checking electrical quantities, not meters of heading no. 9028: parts and accessories, for measuring or detecting alpha, beta, gamma, x-ray, cosmic and other radiations

$147.87M

1.7% of imports

10Communication apparatus (excluding telephone sets or base stations): machines for the reception, conversion and transmission or regeneration of voice, images or other data, including switching and routing apparatus

$111.08M

1.3% of imports

📦 Import Strategy Analysis

Philippines's import pattern from USA reveals significant dependencyin electronic integrated circuits: n.e.c. in heading no. 8542, highlighting complementary economic structures and potential supply chain optimization opportunities.

Competitive Trade Position Analysis

🏆

Market Leadership

Philippines demonstrates competitive strength in exportingelectronic integrated circuits: n.e.c. in heading no. 8542 to USA, leveraging comparative advantages.

Export Leader in 20+ Categories

🔄

Trade Complementarity

The bilateral relationship showsstrongcomplementarity, with each country specializing in different sectors.

Specialized Exchange

📈

Growth Potential

The $21.70B trade volume indicates substantial economic integration with room for expansion in emerging sectors.

Major Partnership

Executive Summary: Philippines-USA Trade Relationship

Key Trade Highlights 2023

Total Trade Volume: $21.70 billionrepresenting a significant bilateral economic relationship
Trade Balance: Philippines maintains a surplus of $4.74 billion
Export Focus: Philippines's primary exports include electronic integrated circuits: n.e.c. in heading no. 8542, insulated electric conductors: ignition wiring sets and other wiring sets of a kind used in vehicles, aircraft or ships, communication apparatus (excluding telephone sets or base stations): machines for the reception, conversion and transmission or regeneration of voice, images or other data, including switching and routing apparatus
Import Dependencies: Key imports from USA include electronic integrated circuits: n.e.c. in heading no. 8542, cereals: wheat and meslin, other than durum wheat, other than seed, oil-cake and other solid residues: whether or not ground or in the form of pellets, resulting from the extraction of soya-bean oil

Strategic Trade Indicators

Trade IntensityHigh

Export DiversificationDiversified

Trade Balance HealthImbalanced

📈 Market Position: This bilateral trade relationship represents a significant global trade partnerships, with complementary economic strengths driving sustained commercial exchange.

Historical Trade Analysis & Economic Context

Trade Evolution Timeline

2019-2023: Recent Trends

Current trade volume of $21.70B represents the culmination of evolving bilateral commercial relationships, influenced by global supply chain shifts and changing economic priorities.

2015-2019: Growth Period

Sustained expansion in bilateral trade driven by complementary economic structures, with Philippines leveraging its comparative advantages in electronic integrated circuits: n.e.c. in heading no. 8542.

2010-2015: Foundation Building

Establishment of modern trade frameworks and reduction of barriers, facilitating increased commercial exchange and investment flows between the two economies.

Pre-2010: Early Development

Initial stages of bilateral trade relationship development, with focus on traditional export-import patterns and gradual market integration.

Key Economic Drivers

Comparative Advantage

Philippines's specialization in electronic integrated circuits: n.e.c. in heading no. 8542complements USA's demand patterns, creating natural trade synergies.

Supply Chain Integration

Deep integration in global value chains has strengthened bilateral linkages, particularly in electronic integrated circuits: n.e.c. in heading no. 8542.

Market Access & Trade Policy

Favorable trade agreements and market access conditions have facilitated the growth of this $21.70B bilateral relationship.

Trade Pattern Insights

Trade ComplementarityAsymmetric

Seasonal VariationsModerate

Product ConcentrationLow

Market DependencyModerate

🔮

Trade Relationship Outlook

The $21.70B bilateral trade volume positions this relationship for continued growth, supported by technological advancement, evolving consumer preferences, and strengthening economic ties. Key opportunities lie in expanding cooperation in emerging sectors while managing potential supply chain vulnerabilities.

Economic Impact & Strategic Outlook

Economic Impact Assessment

💰

Trade Volume Impact

The $21.70 billion bilateral trade volume represents a significant economic factorfor both economies.

Economic Significance: High

🏭

Industrial Integration

Trade flows in electronic integrated circuits: n.e.c. in heading no. 8542 and electronic integrated circuits: n.e.c. in heading no. 8542 demonstrate deep industrial linkages and supply chain integration.

Supply Chain Integration: Diversified

⚖️

Trade Balance Effects

Philippines's trade surplus of $4.74 billion strengthens its overall economic position in this bilateral relationship.

Balance Impact: Export Advantage

Strategic Future Outlook

🚀Growth Opportunities

Emerging Sectors

Technology transfer and innovation cooperation in insulated electric conductors: ignition wiring sets and other wiring sets of a kind used in vehicles, aircraft or ships present expansion opportunities.

Market Diversification

Beyond current focus on electronic integrated circuits: n.e.c. in heading no. 8542, new product categories offer potential for trade expansion.

⚠️Risk Factors

Supply Chain Vulnerabilities

Moderate concentration in key sectors requires monitoring

Market Competition

Global competition in electronic integrated circuits: n.e.c. in heading no. 8542 may affect future market positioning.

🎯Strategic Recommendations

Strengthen cooperation in high-value sectors beyond current trade patterns
Develop alternative supply chains to reduce dependency risks
Explore joint ventures in emerging technology sectors
Enhance trade facilitation and reduce transaction costs

Market Position & Competitive Summary

The bilateral trade relationship between Philippines and USA represents a total trade volume of $21.70 billion in 2023. This partnership demonstrates a favorable trade balance for Philippines, with exports exceeding importsby $4.74 billion.

Export Strengths

Philippines's exports to USA total $13.22 billion, with competitive advantages in electronic integrated circuits: n.e.c. in heading no. 8542, representing $910.03M or6.9% of bilateral exports.

Import Dependencies

Imports from USA amount to $8.48 billion, highlighting economic interdependence in electronic integrated circuits: n.e.c. in heading no. 8542, with Electronic integrated circuits: n.e.c. in heading no. 8542 comprising13.5% of total imports.

The trade relationship reflects broader economic patterns and comparative advantages. The trade surplus indicates Philippines's competitive position in this bilateral relationship. This partnership is characterized by complementary trade flows, with each country specializing in different product categories based on their respective economic strengths, industrial capabilities, and position in global value chains.

Download Bilateral Trade Data

Access detailed trade data between Philippines and USA in multiple formats.

Data Source: CEPII BACI (Base pour l'Analyse du Commerce International) • Last Updated: January 2025 • Coverage: 1995-2023