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Trade between the Philippines and Taiwan

In 2024, the Philippines exported $2.2 billion to Taiwan and imported $4.3 billion. The Philippines ran a deficit of $2.1 billion with Taiwan, compared with a deficit of $3.2 billion in 2019. Taiwan was the Philippines’ 12th largest trading partner (3% of its trade), and the Philippines was Taiwan’s 20th (0.7%).

Summary

Philippines → Taiwan
$2.2billion
Taiwan → Philippines
$4.3billion
The Philippines’ balance
-$2.1billion

Balance

The Philippines’ trade balance with Taiwan

Trade between the Philippines and Taiwan grew 2.7-fold since 1996

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

  • Exports 2.2
  • Imports 4.3
  • Balance -2.1

Source: CEPII BACI

Show the numbers
YearExportsImportsTrade balance
1995$0$0$0
1996$661 million$1.7 billion-$1 billion
1997$1.4 billion$2.3 billion-$853 million
1998$1.8 billion$1.8 billion$48 million
1999$2.2 billion$2 billion$181 million
2000$3.7 billion$2.7 billion$958 million
2001$2.6 billion$2.3 billion$296 million
2002$2.9 billion$2.3 billion$616 million
2003$3.1 billion$2.4 billion$782 million
2004$3.2 billion$3.6 billion-$402 million
2005$2.9 billion$4.2 billion-$1.3 billion
2006$2.8 billion$4.5 billion-$1.7 billion
2007$2.4 billion$4.6 billion-$2.3 billion
2008$2.3 billion$4.5 billion-$2.1 billion
2009$2 billion$3.7 billion-$1.7 billion
2010$2.5 billion$4.5 billion-$2 billion
2011$2.7 billion$3.8 billion-$1.1 billion
2012$2.5 billion$5.7 billion-$3.3 billion
2013$2.1 billion$6.2 billion-$4 billion
2014$1.7 billion$5.2 billion-$3.4 billion
2015$2.1 billion$5.9 billion-$3.8 billion
2016$1.6 billion$6.2 billion-$4.5 billion
2017$3.6 billion$6.3 billion-$2.7 billion
2018$3.7 billion$6.5 billion-$2.8 billion
2019$2.2 billion$5.3 billion-$3.2 billion
2020$2.2 billion$5.8 billion-$3.6 billion
2021$3.1 billion$6.2 billion-$3 billion
2022$2.8 billion$7.2 billion-$4.4 billion
2023$2.4 billion$5.1 billion-$2.7 billion
2024$2.2 billion$4.3 billion-$2.1 billion

What they sell each other

What the Philippines sells to Taiwan

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

  1. Microchips$965 million · 44.2%
    503 tonnes · the Philippines’ destinations
  2. 2 thousand tonnes
  3. Refined copper$78 million · 3.6%
    9 thousand tonnes · the Philippines’ destinations
  4. 91 tonnes
  5. Copper scrap$60 million · 2.7%
    6 thousand tonnes
  6. 804 tonnes
  7. Discs and storage media$52 million · 2.4%
    18 tonnes
  8. Copper foil$50 million · 2.3%
    1 thousand tonnes
  9. Capacitors$41 million · 1.9%
    143 tonnes
  10. 635 tonnes

What Taiwan sells to the Philippines

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

  1. Microchips$1.9 billion · 44.8%
    2 thousand tonnes · Taiwan’s destinations
  2. Refined petroleum$557 million · 13%
    764 thousand tonnes · Taiwan’s destinations
  3. 379 tonnes
  4. Electrical test instruments$63 million · 1.5%
    81 tonnes
  5. 104 tonnes
  6. Printed circuit boards$53 million · 1.3%
    421 tonnes
  7. Polystyrene$38 million · 0.9%
    25 thousand tonnes
  8. 341 tonnes
  9. Hot-rolled flat steel$31 million · 0.72%
    46 thousand tonnes
  10. Batteries$30 million · 0.7%
    1 thousand tonnes

How it travels

Estimated sea route from Manila to Kaohsiung.

The estimated sea route between Manila and Kaohsiung is 563 nautical miles (1,042 km) long: ≈ 1.5 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$2.4 billion · 37%
  2. Air$4.1 billion · 63%

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

How much each matters to the other

Taiwan was the Philippines’ 12th largest trading partner (3% of its trade), and the Philippines was Taiwan’s 20th (0.7%).

Taiwan in the Philippines’ trade
2.7%
Taiwan’s rank among the Philippines’ partners
12th
The Philippines in Taiwan’s trade
0.7%
The Philippines’ rank among Taiwan’s partners
20th

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.