Philippines Reserves in Months of Imports
Total reserves in months of imports FI.RES.TOTL.MO
Philippines's reserves in months of imports was 5.2 in 2025, ranked 48th globally. This represents a 28.7% decrease from 2024. Data from World Bank, covering 1977–2025.
Overview
Philippines's reserves in months of imports stood at 5.2 in 2025, a decline of +2.1 from 2024. Based on recent trends, this figure is projected to reach 5.2 by 2025. Philippines ranked 48th globally.
The Philippines' foreign exchange reserves in relation to its imports have exhibited significant fluctuations over the past 49 years. The country's all-time peak in reserves, which occurred in 2020, stood at 12.29 months of imports, a substantial improvement from its all-time trough of 0.90 months in 1983. Currently, the Philippines ranks 48 globally with 5.21 months of reserves. This is comparable to other emerging economies such as Colombia, which ranks similarly with 5.23 months. Despite the improvement, the Philippines' reserves remain vulnerable to external shocks, as seen in the decline from its peak in 2020. A sustained increase in foreign investment and a diversification of exports could potentially augment the country's reserves and improve its resilience to external economic fluctuations. If the Philippines continues to attract foreign investment and expand its export-oriented sectors, it is likely to see a further increase in its reserves in months of imports.
Data & projection
| Year | Reserves in Months of Imports | YoY change | Rank |
|---|---|---|---|
| 2027* trend | 2.8 | - | - |
| 2026* trend | 4.0 | - | - |
| 2025* trend | 5.2 | - | - |
| 2025 | 5.2 | −2.1 | #48 |
| 2024 | 7.3 | −0.3 | #23 |
| 2023 | 7.6 | +0.4 | #23 |
| 2022 | 7.2 | −2.5 | #21 |
| 2021 | 9.7 | −2.6 | #22 |
| 2020 | 12.3 | +4.6 | #22 |
| 2019 | 7.7 | +0.8 | #29 |
| 2018 | 6.9 | −0.9 | #35 |
| 2017 | 7.8 | −1.1 | #32 |
| 2016 | 8.8 | −1.1 | #25 |
| 2015 | 9.9 | −0.0 | #19 |
| 2014 | 9.9 | −1.7 | #18 |
| 2013 | 11.6 | +0.1 | #12 |
| 2012 | 11.5 | −0.1 | #13 |
| 2011 | 11.6 | +1.2 | #11 |
Detected Pattern
Analysis
Philippines matched the Export Boom Cycle pattern in 2012. Historically, 71% of countries showing this pattern (546 out of 768) saw reserves in months of imports improve within 24 months. View full analysis →
Frequently Asked Questions
Philippines's reserves in months of imports was 5.2 in 2025. Ranked 48th globally. This represents a 28.7% decrease from the previous year.
Philippines's reserves in months of imports peaked at 12.3 in 2020.
The lowest reserves in months of imports in Philippines was 0.9 in 1983.
Philippines ranks 48th globally in reserves in months of imports as of 2025.
The World Bank indicator code is FI.RES.TOTL.MO. Data sourced from World Bank.
Philippines's reserves in months of imports is projected to reach 5.2 by 2025 based on trend extrapolation.
The reserves in months of imports of Philippines in 2025 was 5.2. This ranks 48th in the world.
Cite this page
@misc{historysaid_philippines_reserves-months-imports,
title = {Philippines Reserves in Months of Imports},
url = {https://historysaid.com/philippines/reserves-months-imports/},
publisher = {HistorySaid},
year = {2026}
}