Philippines - Trade Openness 2023
67.42%
−5.01% from 2022
Philippines's trade openness was 67.42% in 2023, decreased +5.01% from 72.43% in 2022. This was the 62nd highest globally.
Global Ranking - 2023▾
| Rank | Country | Value | YoY |
|---|---|---|---|
| 1st | Sudan | 2.47% | -8.3% |
| 2nd | United States | 25.29% | -7.4% |
| 3rd | Argentina | 26.68% | -15.5% |
| 4th | Pakistan | 28.47% | -13.8% |
| 5th | Haiti | 30.79% | -15.7% |
| 6th | Bangladesh | 30.98% | -8.3% |
| 7th | Uganda | 33.34% | -3.4% |
| 8th | Brazil | 33.67% | -13.3% |
| 9th | Turkmenistan | 34.10% | -8.7% |
| 10th | China | 36.11% | -3.6% |
| 11th | Cameroon | 37.89% | -8.2% |
| 12th | Tanzania | 38.21% | 9.2% |
| 13th | Gambia, The | 39.96% | -10.6% |
| 14th | Zimbabwe | 40.29% | -26.8% |
| 15th | Colombia | 40.39% | -16.4% |
| 16th | Egypt, Arab Republic of | 40.45% | 9.4% |
| 17th | Guinea-Bissau | 40.47% | -11.5% |
| 18th | Russian Federation | 40.83% | -4.6% |
| 19th | Kenya | 41.11% | 2.1% |
| 20th | Indonesia | 41.34% | -9.1% |
| 21st | Nepal | 41.57% | -15.1% |
| 22nd | Malawi | 42.44% | -2.7% |
| 23rd | Central African Republic | 43.48% | -3.9% |
| 24th | Sri Lanka | 43.54% | -6.7% |
| 25th | Algeria | 43.74% | -14.6% |
| 26th | Benin | 44.66% | 0.6% |
| 27th | India | 44.99% | -10.1% |
| 28th | Japan | 45.15% | -3.6% |
| 29th | Comoros | 45.68% | -9.3% |
| 30th | Niger | 46.48% | -12.0% |
| 31st | Chad | 46.90% | -2.3% |
| 32nd | Guatemala | 48.30% | -11.3% |
| 33rd | Côte d'Ivoire | 48.82% | -7.7% |
| 34th | Australia | 49.04% | 7.3% |
| 35th | Iran, Islamic Republic of | 49.39% | 1.0% |
| 36th | Bolivia, Plurinational State of | 49.61% | -13.8% |
| 37th | Dominican Republic | 49.84% | -8.3% |
| 38th | New Zealand | 50.41% | -5.7% |
| 39th | Peru | 50.79% | -11.4% |
| 40th | New Caledonia | 51.63% | 2.3% |
| 41st | Uruguay | 52.91% | -13.3% |
| 42nd | Angola | 53.03% | -4.0% |
| 43rd | Saudi Arabia | 54.17% | -4.7% |
| 44th | Sierra Leone | 55.29% | 22.7% |
| 45th | Ecuador | 57.00% | -7.9% |
| 46th | Mali | 57.53% | -6.5% |
| 47th | Israel | 57.99% | -4.4% |
| 48th | Chile | 60.72% | -19.3% |
| 49th | Madagascar | 61.13% | -13.3% |
| 50th | Equatorial Guinea | 61.44% | -24.9% |
| 51st | Kazakhstan | 62.33% | -8.8% |
| 52nd | Burkina Faso | 63.13% | -6.5% |
| 53rd | Ghana | 64.39% | -8.2% |
| 54th | Rwanda | 64.91% | 6.2% |
| 55th | United Kingdom | 64.99% | -6.1% |
| 56th | Italy | 65.11% | -9.6% |
| 57th | Tajikistan | 65.63% | 0.3% |
| 58th | South Africa | 65.68% | 1.1% |
| 59th | Türkiye | 65.68% | -17.8% |
| 60th | Uzbekistan | 66.11% | 5.2% |
| 61st | Canada | 66.63% | -1.0% |
| 62nd | Philippines | 67.42% | -6.9% |
| 63rd | Afghanistan | 67.58% | -7.3% |
| 64th | Botswana | 68.80% | -19.6% |
| 65th | Iraq | 69.46% | 1.0% |
| 66th | France | 70.63% | -7.0% |
| 67th | Senegal | 71.39% | -10.3% |
| 68th | French Polynesia | 71.67% | 3.1% |
| 69th | Spain | 71.80% | -8.5% |
| 70th | Costa Rica | 72.47% | -11.9% |
| 71st | Mexico | 73.58% | -17.1% |
| 72nd | Bermuda | 73.59% | -2.1% |
| 73rd | Bahamas, The | 76.55% | 0.7% |
| 74th | Ukraine | 77.51% | -11.3% |
| 75th | Zambia | 78.24% | 12.9% |
| 76th | West Bank and Gaza | 79.53% | -3.5% |
| 77th | Tonga | 79.62% | 13.5% |
| 78th | Norway | 80.36% | -2.7% |
| 79th | Samoa | 80.84% | 32.9% |
| 80th | El Salvador | 81.71% | -7.9% |
| 81st | Bhutan | 81.74% | -4.5% |
| 82nd | Germany | 81.96% | -7.7% |
| 83rd | Korea | 82.26% | -9.2% |
| 84th | Albania | 82.35% | -2.8% |
| 85th | Paraguay | 82.41% | 11.8% |
| 86th | Romania | 83.38% | -11.3% |
| 87th | Azerbaijan | 83.54% | -4.0% |
| 88th | Finland | 85.56% | -9.5% |
| 89th | Congo, Democratic Republic of | 86.74% | 1.1% |
| 90th | Iceland | 87.40% | -6.1% |
| 91st | Panama | 88.35% | -5.5% |
| 92nd | Timor-Leste | 89.30% | -8.5% |
| 93rd | Gabon | 91.48% | -0.6% |
| 94th | Greenland | 91.89% | -1.6% |
| 95th | Mauritania | 92.17% | -9.7% |
| 96th | Greece | 92.47% | -14.5% |
| 97th | Morocco | 93.12% | -7.7% |
| 98th | Portugal | 93.14% | -8.1% |
| 99th | Moldova | 93.99% | -16.2% |
| 100th | Cabo Verde | 95.03% | -2.0% |
| 101st | European Union | 95.22% | -8.2% |
| 102nd | Guinea | 95.83% | 1.8% |
| 103rd | Kuwait | 96.08% | 5.7% |
| 104th | Congo, Republic of | 96.21% | -2.0% |
| 105th | Micronesia, Federated States of | 97.86% | 8.0% |
| 106th | Honduras | 98.79% | -12.3% |
| 107th | Bosnia and Herzegovina | 99.63% | -9.6% |
| 108th | Eswatini | 99.72% | 7.7% |
| 109th | Jordan | 100.35% | -3.6% |
| 110th | Solomon Islands | 101.13% | 35.1% |
| 111th | Puerto Rico (US) | 101.66% | 3.5% |
| 112th | Somalia, Fed. Rep. | 103.12% | 13.6% |
| 113th | Lebanon | 104.21% | -9.3% |
| 114th | Nicaragua | 105.00% | -9.1% |
| 115th | Mozambique | 106.06% | -21.6% |
| 116th | Belize | 106.40% | -1.3% |
| 117th | Oman | 106.45% | 0.7% |
| 118th | Palau | 106.70% | 1.4% |
| 119th | Georgia | 107.15% | -6.6% |
| 120th | Croatia | 107.28% | -14.5% |
| 121st | Kiribati | 107.60% | -0.1% |
| 122nd | Sweden | 107.62% | 0.5% |
| 123rd | Kosovo | 109.95% | -0.1% |
| 124th | Poland | 110.02% | -10.6% |
| 125th | Namibia | 110.77% | 11.6% |
| 126th | Tunisia | 112.13% | -3.4% |
| 127th | Faroe Islands | 113.34% | -7.8% |
| 128th | Serbia | 114.49% | -13.2% |
| 129th | Austria | 115.15% | -6.8% |
| 130th | Montenegro | 116.81% | -6.9% |
| 131st | Marshall Islands | 118.49% | -7.7% |
| 132nd | Bulgaria | 119.90% | -13.6% |
| 133rd | Cuba | 120.53% | 28.4% |
| 134th | Armenia | 123.42% | 18.8% |
| 135th | Thailand | 128.82% | -3.0% |
| 136th | Denmark | 129.63% | -1.8% |
| 137th | Belarus | 131.58% | 9.6% |
| 138th | Czechia | 131.89% | -8.4% |
| 139th | Kyrgyz Republic | 132.37% | -1.1% |
| 140th | Malaysia | 132.59% | -9.4% |
| 141st | Cambodia | 134.21% | -8.0% |
| 142nd | Switzerland | 135.32% | -2.3% |
| 143rd | Latvia | 135.64% | -15.2% |
| 144th | Brunei Darussalam | 136.86% | -6.9% |
| 145th | Lesotho | 141.51% | -0.6% |
| 146th | Mongolia | 142.86% | 4.8% |
| 147th | Nauru | 143.96% | -14.0% |
| 148th | Macao SAR, China | 145.87% | -14.4% |
| 149th | Mauritius | 147.32% | -0.2% |
| 150th | North Macedonia | 147.79% | -11.0% |
| 151st | Lithuania | 149.04% | -15.1% |
| 152nd | Maldives | 149.35% | -7.9% |
| 153rd | Estonia | 154.59% | -12.0% |
| 154th | Bahrain | 157.45% | -5.8% |
| 155th | Hungary | 158.39% | -14.4% |
| 156th | Aruba | 159.02% | -1.0% |
| 157th | Libya | 159.43% | 2.0% |
| 158th | Slovenia | 160.16% | -14.2% |
| 159th | Viet Nam | 164.82% | -10.0% |
| 160th | Netherlands | 165.03% | -10.4% |
| 161st | Belgium | 165.85% | -13.3% |
| 162nd | Seychelles | 180.83% | -4.7% |
| 163rd | Slovak Republic | 181.39% | -11.1% |
| 164th | Cyprus | 190.74% | -7.3% |
| 165th | United Arab Emirates | 199.04% | 7.2% |
| 166th | Malta | 221.06% | -9.8% |
| 167th | Ireland | 239.65% | 0.8% |
| 168th | Djibouti | 285.90% | -5.4% |
| 169th | Singapore | 325.69% | -2.0% |
| 170th | San Marino | 340.98% | -8.0% |
| 171st | Hong Kong SAR, China | 353.01% | -8.3% |
| 172nd | Luxembourg | 402.57% | -2.3% |
FAQ
What was Philippines's trade openness in 2023?▾
Philippines's trade openness in 2023 was 67.42%. This ranked 62nd globally.
How did Philippines's trade openness change in 2023?▾
Philippines's trade openness decreased by 6.9% in 2023 compared to 2022.
Which country had the highest trade openness in 2023?▾
Luxembourg had the highest trade openness in 2023 at 402.57%.
What is the trade openness of Philippines in 2023?▾
The trade openness of Philippines in 2023 was 67.42%. This ranked 62nd globally.
How does 2023 compare to 2022 for Philippines's trade openness?▾
Philippines's trade openness went from 72.43% in 2022 to 67.42% in 2023, a 6.9% decrease.
Related
2022
2024
All years
Full ranking 2023
Exports
Imports
Trade Balance
Current Account Balance
FDI Inflows
Peak: 2003
Lowest: 1982
Trade Openness 1990s
Trade Openness 2000s
Trade Openness 2010s
Trade Openness 2020s
Highest ever
Lowest ever
Average
vs Bhutan
vs Djibouti
vs Eswatini
vs Sri Lanka
ASEAN Trade Openness
Global Ranking