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Trade between the Philippines and Singapore

In 2024, the Philippines exported $4.2 billion to Singapore and imported $6.1 billion. The Philippines ran a deficit of $1.9 billion with Singapore, compared with a surplus of $105 million in 2019. Singapore was the Philippines’ 8th largest trading partner (4% of its trade), and the Philippines was Singapore’s 18th (1%).

Summary

Philippines → Singapore
$4.2billion
Singapore → Philippines
$6.1billion
The Philippines’ balance
-$1.9billion

Balance

The Philippines’ trade balance with Singapore

Trade between the Philippines and Singapore grew 3.5-fold since 1995

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

  • Exports 4.2
  • Imports 6.1
  • Balance -1.9

Source: CEPII BACI

Show the numbers
YearExportsImportsTrade balance
1995$1.1 billion$1.9 billion-$772 million
1996$1.7 billion$2 billion-$254 million
1997$2.4 billion$2.4 billion-$20 million
1998$3.2 billion$1.9 billion$1.2 billion
1999$3 billion$2 billion$960 million
2000$3.4 billion$2.6 billion$790 million
2001$3.6 billion$2.6 billion$932 million
2002$3.6 billion$2.7 billion$969 million
2003$2.9 billion$3 billion-$98 million
2004$4.3 billion$3.7 billion$559 million
2005$2.9 billion$3.8 billion-$878 million
2006$3.9 billion$4.6 billion-$662 million
2007$7.1 billion$7.4 billion-$321 million
2008$5.7 billion$7.1 billion-$1.4 billion
2009$6.2 billion$4 billion$2.2 billion
2010$8.9 billion$5.6 billion$3.3 billion
2011$6.2 billion$4.3 billion$1.9 billion
2012$6.7 billion$4.2 billion$2.5 billion
2013$6 billion$4.5 billion$1.5 billion
2014$5.5 billion$4.9 billion$660 million
2015$4.6 billion$5 billion-$353 million
2016$4.9 billion$5.7 billion-$767 million
2017$5.8 billion$5.9 billion-$46 million
2018$9.3 billion$6.5 billion$2.8 billion
2019$7.1 billion$7 billion$105 million
2020$6.8 billion$5.9 billion$935 million
2021$6.8 billion$7.2 billion-$369 million
2022$8.5 billion$8.3 billion$189 million
2023$4.8 billion$7.5 billion-$2.7 billion
2024$4.2 billion$6.1 billion-$1.9 billion

What they sell each other

What the Philippines sells to Singapore

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

  1. Microchips$2.4 billion · 57.1%
    250 tonnes · the Philippines’ destinations
  2. Diodes, transistors and solar cells$380 million · 9.1%
    770 tonnes
  3. Computer and office machine parts$369 million · 8.8%
    2 thousand tonnes
  4. Transformers and power supplies$68 million · 1.6%
    692 tonnes
  5. Aircraft parts$55 million · 1.3%
    66 tonnes
  6. Capacitors$51 million · 1.2%
    317 tonnes
  7. Cigarettes and cigars$51 million · 1.2%
    2 thousand tonnes
  8. Orthopedic and hearing devices$46 million · 1.1%
    55 tonnes
  9. Auto parts$42 million · 1%
    688 tonnes · Singapore’s sources
  10. Low-voltage switches and connectors$34 million · 0.81%
    257 tonnes

What Singapore sells to the Philippines

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

  1. Microchips$1 billion · 16.6%
    643 tonnes · Singapore’s destinations
  2. Refined petroleum$928 million · 15.2%
    1.5 million tonnes · Singapore’s destinations
  3. Other food preparations$503 million · 8.2%
    25 thousand tonnes
  4. Discs and storage media$386 million · 6.3%
    2 thousand tonnes
  5. Turbojets and gas turbines$382 million · 6.2%
    217 tonnes · Singapore’s destinations
  6. Fragrance mixtures$329 million · 5.4%
    19 thousand tonnes
  7. Cameras and broadcast equipment$175 million · 2.9%
    646 tonnes
  8. Computer and office machine parts$148 million · 2.4%
    2 thousand tonnes
  9. Diodes, transistors and solar cells$116 million · 1.9%
    313 tonnes
  10. Computers$116 million · 1.9%
    626 tonnes · Singapore’s destinations

How it travels

Estimated sea route from Manila to Singapore.

The estimated sea route between Manila and Singapore is 1,381 nautical miles (2,558 km) long: ≈ 3–4 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$3.4 billion · 33.4%
  2. Air$6.9 billion · 66.6%

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

How much each matters to the other

Singapore was the Philippines’ 8th largest trading partner (4% of its trade), and the Philippines was Singapore’s 18th (1%).

Singapore in the Philippines’ trade
4.3%
Singapore’s rank among the Philippines’ partners
8th
The Philippines in Singapore’s trade
1.3%
The Philippines’ rank among Singapore’s partners
18th

Compare with

Other partners of the Philippines

Other partners of Singapore

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.

Hong Kong, Singapore, the Netherlands and Belgium re-export goods from other countries: their figures include transit.