March 2006
Philippines
                         
BASIC INDICATORS
Population (thousands, 2004)  82 987 Rank in world trade, 2004 Exports Imports
GDP (million current US$, 2004)  86 429 Merchandise  39 41
GDP (million current PPP US$, 2004)  378 225 Commercial services 52 50
Current account balance (million US$, 2004)  2 080 Merchandise excluding intra-EU trade 25 25
Trade per capita (US$, 2002-2004)  1 036 Commercial serv. excl. intra-EU trade 34 33
Trade to GDP ratio (2002-2004)   104.4
Annual percentage change
2004   1995-2004 2003 2004
Real GDP (1995=100)   143 4 5 6
Exports of goods and services (volume, 1995=100)   154 5 4 14
Imports of goods and services (volume, 1995=100)   145 4 10 6
                         
TRADE POLICY
WTO accession date 1 January 1995 Contribution to WTO budget (%, 2006) 0.497
Trade Policy Review date 5, 7 July 2005 Import duties collected (%, 2002-2004):
in total tax revenue 19.9
Tariff binding coverage (%, 2005)   66.8 to total merchandise imports 5.0
MFN tariffs Final bound Applied 2004
Simple average of ad-valorem duties Number of:
All goods   25.6   6.3 GATS services sectors with commitments   51
Agricultural goods (AOA)   34.7   9.5 Dispute rulings (complainant - defendant) 1 - 0
Non-agricultural goods   23.4   5.8 Notifications outstanding  (CRN)   19
Non ad-valorem duties (% of total tariff lines)   0.0   0.0 Number of contingency measures in force:
Anti-dumping (30 June 2005) ...
MFN duty free imports Countervailing duties (30 June 2005) ...
Share in total imports, 2003   46.7 Safeguards (3 November 2005)   5
                         
MERCHANDISE TRADE  Value Annual percentage change
2004   1995-2004 2003 2004
Merchandise exports, f.o.b. (million US$)  39 689 10 1 7
Merchandise imports, c.i.f. (million US$)  42 345 5 6 7
2004   2004
Share in world total exports    0.43 Share in world total imports  0.44
Breakdown in economy's total exports Breakdown in economy's total imports
  By main commodity group (ITS)   By main commodity group (ITS)
Agricultural products   6.5 Agricultural products 8.1
Fuels and mining products   3.5 Fuels and mining products 16.5
Manufactures   89.9 Manufactures 75.2
  By main destination   By main origin
1. Japan   20.1 1. United States   18.8
2. United States   18.2 2. Japan   17.4
3. European Union (25)   17.2 3. European Union (25)   8.3
4. Hong Kong, China   7.9 4. Singapore   7.8
5. China   6.7 5. Taipei, Chinese   7.3
                         
COMMERCIAL SERVICES TRADE  Value Annual percentage change
2004   1995-2004   2003 2004
Commercial services exports (million US$)  4 101   ... 9 24
Commercial services imports (million US$)  5 081   ... 19 5
2004   2004
Share in world total exports   0.19   Share in world total imports 0.24
Breakdown in economy's total exports Breakdown in economy's total imports
  By principal services item   By principal services item
Transportation   27.3   Transportation 48.1
Travel   49.1   Travel 25.9
Other commercial services   23.6   Other commercial services 26.0
                         
INDUSTRIAL PROPERTY 
  Total   Residents Non-residents   Total   Residents Non-residents
Patents granted, 2000   566   8   558   Marks registered, 2000  3 933  696 3 237