Customs and other import duties in Philippines
Philippines: Customs and other import duties was 916.67 billion current LCU in 2024. ◆ Volatile
Customs and other import duties in Philippines, 1990–2024
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in current LCU.
Analysis
In 2024, customs and other import duties in Philippines stood at 916.67 billion current LCU. That is the highest value across all 35 years on record.
Compared with earlier readings it is up 3.8% on the previous year and up 148.2% over ten years.
Over the whole period, customs and other import duties in Philippines peaked at 916.67 billion current LCU in 2024 and was at its lowest, 43.09 billion current LCU, in 1990.
That places Philippines 20th out of 152 countries with data for 2024, putting it in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 78.39 billion current LCU | 43.09 billion current LCU | 104.57 billion current LCU | 10 |
| 2000s | 154.97 billion current LCU | 95.01 billion current LCU | 260.25 billion current LCU | 10 |
| 2010s | 393.39 billion current LCU | 259.24 billion current LCU | 630.31 billion current LCU | 10 |
| 2020s | 768.71 billion current LCU | 537.69 billion current LCU | 916.67 billion current LCU | 5 |
Countries ranked near Philippines
- 17 Democratic Republic of Congo 1.45 trillion current LCU compare
- 18 India 1.35 trillion current LCU compare
- 19 Iraq 952.68 billion current LCU compare
- 21 Cote d'Ivoire 756.49 billion current LCU compare
- 22 Chile 671.10 billion current LCU compare
- 23 Kazakhstan 535.44 billion current LCU compare
More public sector data for Philippines
- Arms imports 238.00 million SIPRI trend indicator values (2024)
- Tax revenue 14.4% (2024)
- Taxes on income, profits and capital gains 34.7% (2024)
- Taxes on goods and services 25.3% (2024)
- Net investment in nonfinancial assets 5.0% (2024)
- Net lending (+) / net borrowing (-) -5.7% (2024)
- Interest payments 17.3% (2024)
- Grants and other revenue 13.9% (2024)
- Interest payments 15.3% (2023)
- Other taxes 5.3% (2024)
Frequently asked questions
- What is customs and other import duties in Philippines?
- Customs and other import duties in Philippines was 916.67 billion current LCU in 2024, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest customs and other import duties recorded in Philippines?
- The highest recorded value was 916.67 billion current LCU in 2024.
- What is the lowest customs and other import duties recorded in Philippines?
- The lowest recorded value was 43.09 billion current LCU in 1990.
- How does Philippines rank for customs and other import duties?
- Philippines ranks 20th out of 152 countries with data for 2024.
- Is customs and other import duties rising or falling in Philippines?
- Over the last ten years it is up 148.2%. The long-run trend across the full record is volatile.
- Where does this Philippines data come from?
- The figures come from Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Customs and other import duties (current LCU). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 35 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Taxes and duties on imports are taxes on goods and services that become payable at the moment when goods enter the economic territory or when services are delivered by non-resident producers to residents. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.