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Trade between Japan and the Philippines

In 2024, Japan exported $10.5 billion to the Philippines and imported $10.5 billion. Japan ran a deficit of $74 million with the Philippines, compared with a surplus of $17 million in 2019. The Philippines was Japan’s 18th largest trading partner (1% of its trade), and Japan was the Philippines’ 3rd (9%).

Summary

Japan → Philippines
$10.5billion
Philippines → Japan
$10.5billion
Japan’s balance
-$74million

Balance

Japan’s trade balance with the Philippines

Trade between Japan and the Philippines grew 2-fold since 1995

USD billions (current). Japan’s exports and imports; bars: its balance (green surplus, red deficit).

  • Exports 10.5
  • Imports 10.5
  • Balance -0.1

Source: CEPII BACI

Show the numbers
YearExportsImportsTrade balance
1995$6.9 billion$3.4 billion$3.5 billion
1996$8 billion$5 billion$3.1 billion
1997$8.3 billion$5.5 billion$2.7 billion
1998$5.9 billion$5.1 billion$817 million
1999$7 billion$5.4 billion$1.6 billion
2000$6.9 billion$7 billion-$121 million
2001$7.3 billion$6.4 billion$972 million
2002$5.9 billion$6.6 billion-$620 million
2003$7.1 billion$6.9 billion$149 million
2004$7 billion$7.8 billion-$811 million
2005$6.1 billion$7.3 billion-$1.2 billion
2006$7 billion$7.9 billion-$946 million
2007$7.6 billion$9.7 billion-$2.2 billion
2008$7.9 billion$9.3 billion-$1.4 billion
2009$6 billion$7.4 billion-$1.4 billion
2010$7.7 billion$8.4 billion-$601 million
2011$6.9 billion$9.5 billion-$2.6 billion
2012$7.7 billion$9.8 billion-$2 billion
2013$6.5 billion$10.3 billion-$3.7 billion
2014$6.1 billion$11.5 billion-$5.4 billion
2015$6.9 billion$10.4 billion-$3.5 billion
2016$10.5 billion$9.6 billion$900 million
2017$12.4 billion$11.4 billion$1.1 billion
2018$12.1 billion$12.1 billion$3 million
2019$11.1 billion$11.1 billion$17 million
2020$9 billion$10.2 billion-$1.2 billion
2021$11.5 billion$11.8 billion-$236 million
2022$12.9 billion$11.2 billion$1.8 billion
2023$10.6 billion$11.3 billion-$690 million
2024$10.5 billion$10.5 billion-$74 million

What they sell each other

What Japan sells to the Philippines

The top 10 headings in 2024, with their share of the total.

  1. Microchips$1.4 billion · 13.6%
    981 tonnes · Japan’s destinations
  2. Cars$389 million · 3.7%
    21 thousand tonnes · Japan’s destinations
  3. Refined petroleum$375 million · 3.6%
    554 thousand tonnes · Japan’s destinations
  4. 11 thousand tonnes
  5. Buses$337 million · 3.2%
    23 thousand tonnes
  6. Trucks$334 million · 3.2%
    35 thousand tonnes · Japan’s destinations
  7. Other industrial machines$320 million · 3.1%
    31 thousand tonnes
  8. Coated flat steel$271 million · 2.6%
    258 thousand tonnes
  9. Copper foil$229 million · 2.2%
    3 thousand tonnes
  10. Printed circuit boards$227 million · 2.2%
    319 tonnes

What the Philippines sells to Japan

The top 10 headings in 2024, with their share of the total.

  1. Cables and wire$1.4 billion · 13.6%
    68 thousand tonnes · the Philippines’ destinations
  2. Wood joinery$874 million · 8.3%
    400 thousand tonnes
  3. Bananas$746 million · 7.1%
    815 thousand tonnes · the Philippines’ destinations
  4. Microchips$606 million · 5.8%
    2 thousand tonnes · the Philippines’ destinations
  5. Nickel matte$590 million · 5.6%
    82 thousand tonnes
  6. Cargo and cruise ships$523 million · 5%
    7 thousand tonnes
  7. Iron ore$358 million · 3.4%
    6.2 million tonnes · Japan’s sources
  8. 48 thousand tonnes
  9. 5 thousand tonnes
  10. 2 thousand tonnes

How it travels

Estimated sea route from Yokohama to Manila.

The estimated sea route between Yokohama and Manila is 1,810 nautical miles (3,352 km) long: ≈ 4–5.5 days at sea (at 18 and 14 knots).

It does not cross any major canal or strait.

Sailing estimate without port calls, waiting or transshipment; not a schedule. One main reference port per country: in large countries it does not represent all of its ports.

Split by transport mode

  1. Sea$14.6 billion · 69.6%
  2. Air$6.4 billion · 30.4%

Mode estimated from value per kilo and geography; both directions together.

How much each matters to the other

The Philippines was Japan’s 18th largest trading partner (1% of its trade), and Japan was the Philippines’ 3rd (9%).

The Philippines in Japan’s trade
1.4%
The Philippines’ rank among Japan’s partners
18th
Japan in the Philippines’ trade
8.8%
Japan’s rank among the Philippines’ partners
3rd

Compare with

Sources and methodology

Sources and licenses

Methodology

Goods trade from CEPII BACI (BACI_HS92_V202601), in current US dollars, with exports and imports reconciled between countries. The transport mode is our own estimate based on value per kilo and geography. The sea route comes from our own network derived from World Bank shipping density (not from nautical charts), between one main reference port per country (World Port Index); days are the distance at 14 and 18 knots, without port calls or waiting. Data up to 2024.