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Philippines

Philippines ranked No. 31 in total trade value through June with a total of $10.51 billion. Exports totaled $4.31 billion and Imports totaled $6.2 billion, a deficit of $1.89 billion.

January – June 2019

Top Trading Ports

Total Trade: $10.51 billion

RankPortTotal YTD
1Port of Los Angeles $1,876,739,239
2Anchorage International Airport, Alaska $1,336,530,104
3Los Angeles International Airport $820,847,770
4Port of Long Beach $576,304,875
5San Francisco International Airport, Calif. $552,166,104
6Dallas-Fort Worth International Airport, Texas $460,343,597
7Chicago O’Hare International Airport $446,947,724
8Port of Newark $347,993,948
9Port of Grays Harbor, Aberdeen, Wash. $316,749,973
10Port of Tacoma, Wash. $302,076,839

U.S. trade with Philippines rose to $10.51 billion through June

Philippines’s trade with the United States rose to $10.51 billion through the first six months of 2019, according to a WorldCity analysis of latest U.S. Census Bureau data. That’s 3.49 percent above its total trade during the same time period last year. Philippines’s exports increased 2.37 percent while imports rose 4.28 percent. The U.S. deficit with Philippines was $1.89 billion.

Through June, 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 Port of Long Beach; and No. 5 San Francisco International Airport, Calif.. 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 San Francisco International Airport, Calif. and No. 5 Port of Long Beach. In the current time period, the top five accounted for 49.13 percent of Philippines’s U.S. trade.

Among those top five:

  • Trade with No. 1 Port of Los Angeles rose 9.73 percent to $1.88 billion.
    Exports rose 12.02 percent to $335.24 million. Imports rose 9.24 percent to $1.54 billion.
  • Trade with No. 2 Anchorage International Airport, Alaska rose 41.59 percent to $1.34 billion.
    Exports rose 10.41 percent to $336.79 million. Imports rose 56.48 percent to $999.74 million.
  • Trade with No. 3 Los Angeles International Airport fell 6.9 percent to $820.85 million.
    Exports rose 47.06 percent to $202.58 million. Imports fell 16.89 percent to $618.27 million.
  • Trade with No. 4 Port of Long Beach rose 3.79 percent to $576.3 million.
    Exports fell 11.63 percent to $254.46 million. Imports rose 20.4 percent to $321.84 million.
  • Trade with No. 5 San Francisco International Airport, Calif. fell 7.41 percent to $552.17 million.
    Exports rose 6.82 percent to $177.65 million. Imports fell 12.91 percent to $374.52 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. 33.

Meanwhile, total U.S. trade with the world increased to $2.06 trillion, down 0.14 percent compared to the same period last year. The nation’s exports dropped 0.75 percent to $823.61 billion; imports climbed 0.28 percent to $1.24 trillion. The nation’s top five countries so far this year, by value, are Mexico; Canada; China; Japan and Germany. The overall trade deficit was $412.15 billion, up compared to the same period of last year when the deficit was $402.47 billion.

The top five U.S. exports to Philippines by value through June were the categories of Computer chips; Wheat; Flour, meal of oil seed, olea fruit; Cell phones, related equipment; and Civilian aircraft, parts, respectively. They accounted for 43.34 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; Computers; and Power supplies, transformers –– accounted for 39.21 percent of all inbound shipments.

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

  • Computer chips rose 0.84 percent compared to last year to $905.86 million.
  • Wheat rose 23.41 percent compared to last year to $344.09 million.
  • Flour, meal of oil seed, olea fruit rose 58.49 percent compared to last year to $331.02 million.
  • Cell phones, related equipment rose 14.16 percent compared to last year to $143.73 million.
  • Civilian aircraft, parts rose 32.62 percent compared to last year to $142.35 million.

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

  • Computer parts rose 102.05 percent compared to last year to $879.96 million.
  • Computer chips fell 22.18 percent compared to last year to $627.54 million.
  • Insulated wire, cable rose 9.36 percent compared to last year to $347.06 million.
  • Computers fell 50.95 percent compared to last year to $303.66 million.
  • Power supplies, transformers rose 25 percent compared to last year to $272.78 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.