Generic selectors
Exact matches only
Search in title
Search in content
Search in posts
Search in pages

Philippines

Philippines ranked No. 31 in total trade value through October with a total of $17.51 billion. Exports totaled $7.21 billion and Imports totaled $10.3 billion, a deficit of $3.09 billion.

January – October 2018

Top Trading Ports

Total Trade: $17.51 billion

RankPortTotal YTD
1Port of Los Angeles $2,991,571,325
2Anchorage International Airport, Alaska $1,810,296,692
3Los Angeles International Airport $1,510,897,968
4San Francisco International Airport, Calif. $993,501,289
5Port of Long Beach $949,766,020
6Dallas-Fort Worth International Airport, Texas $859,192,760
7Chicago O’Hare International Airport $674,497,726
8Port of Newark $664,936,578
9Cleveland’s Hopkins International Airport, Ohio $509,060,036
10Port of Grays Harbor, Aberdeen, Wash. $501,704,483

U.S. trade with Philippines rose to $17.51 billion through October

Philippines’s trade with the United States rose to $17.51 billion through the first 10 months of 2018, according to a WorldCity analysis of latest U.S. Census Bureau data. That’s 6.59 percent above its total trade during the same time period last year. Philippines’s exports increased 6.38 percent while imports rose 6.73 percent. The U.S. deficit with Philippines was $3.09 billion.

Through October, the top five among the nation’s airports, seaports and border crossings were No. 1 Port of Los Angeles; No. 2 Anchorage International Airport, Alaska; No. 3 Los Angeles International Airport; No. 4 San Francisco International Airport, Calif.; and No. 5 Port of Long Beach. During the same period the previous year, the top five were No. 1 Port of Los Angeles No. 2 Anchorage International Airport, Alaska No. 3 Los Angeles International Airport No. 4 Port of Long Beach and No. 5 San Francisco International Airport, Calif.. In the current time period, the top five accounted for 47.14 percent of Philippines’s U.S. trade.

Among those top five:

  • Trade with No. 1 Port of Los Angeles rose 14.25 percent to $2.99 billion.
    Exports rose 19.32 percent to $544.94 million. Imports rose 13.18 percent to $2.45 billion.
  • Trade with No. 2 Anchorage International Airport, Alaska rose 17.31 percent to $1.81 billion.
    Exports rose 31.61 percent to $544.69 million. Imports rose 12.08 percent to $1.27 billion.
  • Trade with No. 3 Los Angeles International Airport rose 10.28 percent to $1.51 billion.
    Exports rose 7.29 percent to $263.92 million. Imports rose 10.94 percent to $1.25 billion.
  • Trade with No. 4 San Francisco International Airport, Calif. fell 1.54 percent to $993.5 million.
    Exports fell 11.83 percent to $260.61 million. Imports rose 2.72 percent to $732.89 million.
  • Trade with No. 5 Port of Long Beach fell 14.11 percent to $949.77 million.
    Exports fell 2.73 percent to $496.31 million. Imports fell 23.87 percent to $453.46 million.

Philippines ranked No. 31 among the United States’ top trade partners through the current period. In the same period one year ago, it ranked No. 32.

Meanwhile, total U.S. trade with the world increased to $3.51 trillion, up 9.44 percent compared to the same period last year. The nation’s exports climbed 8.95 percent to $1.39 trillion; imports climbed 9.77 percent to $2.12 trillion. The nation’s top five countries so far this year, by value, are China; Canada; Mexico; Japan and Germany. The overall trade deficit was $732.48 billion, up compared to the same period of last year when the deficit was $657.79 billion.

The top five U.S. exports to Philippines by value through October were the categories of Computer chips; Wheat; Flour, meal of oil seed, olea fruit; Soybean oilcake, other solid residue, not ground; and Cell phones, related equipment, respectively. They accounted for 41.26 percent of total exports to Philippines.

The value of the top five categories of U.S. imports from Philippines –– Computer chips; Computers; Computer parts; Insulated wire, cable; and Coconut, Palm Kernel or Babassu Oil Etc, No C 1513 –– accounted for 41.09 percent of all inbound shipments.

Looking more closely at U.S. exports to Philippines:

  • Computer chips fell 3.86 percent compared to last year to $1.51 billion.
  • Wheat rose 9.63 percent compared to last year to $531.08 million.
  • Flour, meal of oil seed, olea fruit rose 43.13 percent compared to last year to $424.03 million.
  • Soybean oilcake, other solid residue, not ground rose 8.47 percent compared to last year to $333.73 million.
  • Cell phones, related equipment fell 6.81 percent compared to last year to $177.91 million.

Looking more closely at U.S. imports from Philippines:

  • Computer chips rose 0.95 percent compared to last year to $1.29 billion.
  • Computers rose 18.5 percent compared to last year to $974.72 million.
  • Computer parts rose 11.68 percent compared to last year to $963.76 million.
  • Insulated wire, cable rose 3.12 percent compared to last year to $543.11 million.
  • Coconut, Palm Kernel or Babassu Oil Etc, No C 1513 fell 3.18 percent compared to last year to $456.85 million.

In the latest annual figures available, Philippines recorded $20.09 billion in trade with the United States. At year’s end, its were Los Angeles; Seattle; San Francisco; Cleveland; and New York City. Total U.S. exports to Philippines were $ 8.47 billion and imports from Philippines were $11.63 billion. The U.S. deficit with Philippines was $3.16 billion.