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Philippines

Philippines ranked No. 31 in total trade value through February with a total of $3.26 billion. Exports totaled $1.32 billion and Imports totaled $1.94 billion, a deficit of $615.22 million.

January – February 2019

Top Trading Ports

Total Trade: $3.26 billion

RankPortTotal YTD
1Port of Los Angeles $591,979,190
2Anchorage International Airport, Alaska $404,507,903
3Los Angeles International Airport $267,476,691
4San Francisco International Airport, Calif. $208,468,166
5Dallas-Fort Worth International Airport, Texas $167,988,302
6Port of Long Beach $152,145,147
7Chicago O’Hare International Airport $124,443,171
8Port of Newark $102,105,617
9Port of Grays Harbor, Aberdeen, Wash. $96,212,191
10Port of Savannah, Ga. $85,173,478

U.S. trade with Philippines rose to $3.26 billion through February

Philippines’s trade with the United States rose to $3.26 billion through the first two months of 2019, according to a WorldCity analysis of latest U.S. Census Bureau data. That’s 1.1 percent above its total trade during the same time period last year. Philippines’s exports increased 1.6 percent while imports rose 0.76 percent. The U.S. deficit with Philippines was $615.22 million.

Through February, 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 Dallas-Fort Worth International Airport, Texas. 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 Dallas-Fort Worth International Airport, Texas and No. 5 San Francisco International Airport, Calif.. In the current time period, the top five accounted for 50.29 percent of Philippines’s U.S. trade.

Among those top five:

  • Trade with No. 1 Port of Los Angeles rose 11.09 percent to $591.98 million.
    Exports rose 16.76 percent to $103.65 million. Imports rose 9.96 percent to $488.33 million.
  • Trade with No. 2 Anchorage International Airport, Alaska rose 19.07 percent to $404.51 million.
    Exports fell 2.31 percent to $107.22 million. Imports rose 29.27 percent to $297.29 million.
  • Trade with No. 3 Los Angeles International Airport rose 2.45 percent to $267.48 million.
    Exports rose 61.44 percent to $63.03 million. Imports fell 7.92 percent to $204.45 million.
  • Trade with No. 4 San Francisco International Airport, Calif. rose 8.16 percent to $208.47 million.
    Exports fell 1.34 percent to $53.29 million. Imports rose 11.86 percent to $155.18 million.
  • Trade with No. 5 Dallas-Fort Worth International Airport, Texas fell 13.17 percent to $167.99 million.
    Exports fell 3.64 percent to $155.95 million. Imports fell 61.94 percent to $12.04 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. 31.

Meanwhile, total U.S. trade with the world increased to $650.55 billion, up 1.11 percent compared to the same period last year. The nation’s exports climbed 2.61 percent to $260.05 billion; imports climbed 0.14 percent to $390.5 billion. The nation’s top five countries so far this year, by value, are Mexico; Canada; China; Japan and Germany. The overall trade deficit was $130.45 billion, down compared to the same period of last year when the deficit was $136.53 billion.

The top five U.S. exports to Philippines by value through February were the categories of Computer chips; Wheat; Flour, meal of oil seed, olea fruit; Civilian aircraft, parts; and Cell phones, related equipment, respectively. They accounted for 46.44 percent of total exports to Philippines.

The value of the top five categories of U.S. imports from Philippines –– Computer parts; Computer chips; Insulated wire, cable; Unrecorded media for audio; and Power supplies, transformers –– accounted for 40.95 percent of all inbound shipments.

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

  • Computer chips fell 4.14 percent compared to last year to $298.89 million.
  • Wheat rose 71.13 percent compared to last year to $130.56 million.
  • Flour, meal of oil seed, olea fruit rose 70.59 percent compared to last year to $101.71 million.
  • Civilian aircraft, parts rose 24.82 percent compared to last year to $47.03 million.
  • Cell phones, related equipment fell 25.27 percent compared to last year to $36.34 million.

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

  • Computer parts rose 59.31 percent compared to last year to $268.02 million.
  • Computer chips fell 5.01 percent compared to last year to $232.99 million.
  • Insulated wire, cable rose 14.7 percent compared to last year to $123.59 million.
  • Unrecorded media for audio rose 214.82 percent compared to last year to $93.03 million.
  • Power supplies, transformers rose 3.32 percent compared to last year to $76.16 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.