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Trade between Mexico and the Philippines

In 2024, Mexico exported $436 million to the Philippines and imported $3.3 billion. Mexico ran a deficit of $2.8 billion with the Philippines, compared with a deficit of $2.9 billion in 2019. The Philippines was Mexico’s 23rd largest trading partner (0.3% of its trade), and Mexico was the Philippines’ 15th (2%).

Summary

Mexico → Philippines
$436million
Philippines → Mexico
$3.3billion
Mexico’s balance
-$2.8billion

Balance

Mexico’s trade balance with the Philippines

Trade between Mexico and the Philippines grew 49.6-fold since 1995

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

  • Exports 0.4
  • Imports 3.3
  • Balance -2.8

Source: CEPII BACI

Show the numbers
YearExportsImportsTrade balance
1995$6 million$68 million-$62 million
1996$117 million$83 million$34 million
1997$63 million$139 million-$76 million
1998$44 million$164 million-$121 million
1999$35 million$224 million-$189 million
2000$47 million$291 million-$244 million
2001$38 million$813 million-$775 million
2002$34 million$840 million-$806 million
2003$27 million$774 million-$747 million
2004$28 million$853 million-$824 million
2005$50 million$1.3 billion-$1.2 billion
2006$63 million$1.2 billion-$1.1 billion
2007$102 million$822 million-$720 million
2008$91 million$1.2 billion-$1.1 billion
2009$78 million$1.1 billion-$984 million
2010$93 million$1.5 billion-$1.4 billion
2011$54 million$1.6 billion-$1.6 billion
2012$97 million$1.4 billion-$1.3 billion
2013$151 million$1.6 billion-$1.4 billion
2014$78 million$1.8 billion-$1.7 billion
2015$102 million$1.9 billion-$1.8 billion
2016$94 million$2.1 billion-$2.1 billion
2017$143 million$2.2 billion-$2.1 billion
2018$147 million$2.7 billion-$2.6 billion
2019$209 million$3.1 billion-$2.9 billion
2020$123 million$2.7 billion-$2.5 billion
2021$227 million$3 billion-$2.7 billion
2022$279 million$3.3 billion-$3 billion
2023$373 million$2.5 billion-$2.1 billion
2024$436 million$3.3 billion-$2.8 billion

What they sell each other

What Mexico sells to the Philippines

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

  1. Copper ore$105 million · 24%
    43 thousand tonnes · Mexico’s destinations
  2. Self-propelled trains and trams$60 million · 13.7%
    922 tonnes
  3. Slag and ash with metals$50 million · 11.5%
    22 thousand tonnes
  4. Low-voltage switches and connectors$17 million · 3.9%
    191 tonnes
  5. Cables and wire$17 million · 3.8%
    872 tonnes · Mexico’s destinations
  6. Cameras and broadcast equipment$13 million · 2.9%
    34 tonnes
  7. Computers$12 million · 2.7%
    37 tonnes · Mexico’s destinations
  8. Medical and dental instruments$10 million · 2.3%
    78 tonnes · Mexico’s destinations
  9. Inorganic pigments and other colorants$8 million · 1.9%
    3 thousand tonnes
  10. Medicines in measured doses or retail packs$8 million · 1.8%
    200 tonnes · Mexico’s destinations

What the Philippines sells to Mexico

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

  1. Computer and office machine parts$1 billion · 31.8%
    7 thousand tonnes
  2. Microchips$590 million · 18.1%
    224 tonnes · the Philippines’ destinations
  3. Discs and storage media$383 million · 11.7%
    354 tonnes
  4. Transformers and power supplies$182 million · 5.6%
    11 thousand tonnes
  5. Parts for broadcast equipment$108 million · 3.3%
    421 tonnes
  6. Diodes, transistors and solar cells$102 million · 3.1%
    5 thousand tonnes
  7. Low-voltage switches and connectors$82 million · 2.5%
    2 thousand tonnes
  8. Printers and printing machines$74 million · 2.3%
    705 tonnes
  9. Capacitors$69 million · 2.1%
    287 tonnes
  10. Phones and telecom equipment$64 million · 2%
    6 tonnes

How it travels

Mexico and the Philippines traded $3.7 billion in 2024 (both directions together). They trade mostly by air: 81% of the value travels by plane.

Split by transport mode

  1. Sea$701 million · 19%
  2. Air$3 billion · 81%

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

How much each matters to the other

The Philippines was Mexico’s 23rd largest trading partner (0.3% of its trade), and Mexico was the Philippines’ 15th (2%).

The Philippines in Mexico’s trade
0.3%
The Philippines’ rank among Mexico’s partners
23rd
Mexico in the Philippines’ trade
1.6%
Mexico’s rank among the Philippines’ partners
15th

Compare with

Other partners of Mexico

Other partners of the Philippines

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.