Taxes on international trade (current LCU) in Philippines
Philippines: Taxes on international trade (current LCU) was 916.67 billion current LCU in 2024. ◆ Volatile
Taxes on international trade in Philippines, 1990–2024
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in current LCU.
Analysis
Philippines recorded 916.67 billion current LCU for taxes on international trade in 2024. That is the highest value across all 35 years on record.
That represents a change of up 3.8% on the previous year and up 148.2% over ten years.
Over the whole period, taxes on international trade in Philippines peaked at 916.67 billion current LCU in 2024 and was at its lowest, 43.70 billion current LCU, in 1990.
Philippines ranks 22nd of 155 countries on this measure, in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Taxes on international trade (current LCU) in Philippines, year by year
| Year | current LCU | Change |
|---|---|---|
| 1990 | 43.70 billion current LCU | — |
| 1991 | 60.73 billion current LCU | +39.0% |
| 1992 | 68.54 billion current LCU | +12.9% |
| 1993 | 77.53 billion current LCU | +13.1% |
| 1994 | 77.24 billion current LCU | -0.4% |
| 1995 | 97.97 billion current LCU | +26.8% |
| 1996 | 104.85 billion current LCU | +7.0% |
| 1997 | 95.19 billion current LCU | -9.2% |
| 1998 | 76.19 billion current LCU | -20.0% |
| 1999 | 86.60 billion current LCU | +13.7% |
| 2000 | 95.01 billion current LCU | +9.7% |
| 2001 | 99.98 billion current LCU | +5.2% |
| 2002 | 96.84 billion current LCU | -3.1% |
| 2003 | 106.85 billion current LCU | +10.3% |
| 2004 | 122.98 billion current LCU | +15.1% |
| 2005 | 142.89 billion current LCU | +16.2% |
| 2006 | 198.16 billion current LCU | +38.7% |
| 2007 | 209.44 billion current LCU | +5.7% |
| 2008 | 260.25 billion current LCU | +24.3% |
| 2009 | 220.31 billion current LCU | -15.3% |
| 2010 | 259.24 billion current LCU | +17.7% |
| 2011 | 265.11 billion current LCU | +2.3% |
| 2012 | 289.87 billion current LCU | +9.3% |
| 2013 | 304.93 billion current LCU | +5.2% |
| 2014 | 369.28 billion current LCU | +21.1% |
| 2015 | 367.53 billion current LCU | -0.5% |
| 2016 | 396.37 billion current LCU | +7.8% |
| 2017 | 458.18 billion current LCU | +15.6% |
| 2018 | 593.11 billion current LCU | +29.4% |
| 2019 | 630.31 billion current LCU | +6.3% |
| 2020 | 537.69 billion current LCU | -14.7% |
| 2021 | 643.56 billion current LCU | +19.7% |
| 2022 | 862.42 billion current LCU | +34.0% |
| 2023 | 883.21 billion current LCU | +2.4% |
| 2024 | 916.67 billion current LCU | +3.8% |
Philippines compared with similar countries
- Philippines's 916.67 billion current LCU is above the median for upper middle income countries, which is 18.56 billion current LCU, 49.4× the median. (48 countries reporting)
- Philippines's 916.67 billion current LCU is above the median for East Asia & Pacific, which is 4.27 billion current LCU, 214.5× the median. (25 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 78.85 billion current LCU | 43.70 billion current LCU | 104.85 billion current LCU | 10 |
| 2000s | 155.27 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
- 19 Democratic Republic of Congo 1.52 trillion current LCU compare
- 20 India 1.35 trillion current LCU compare
- 21 Iraq 952.68 billion current LCU compare
- 23 Chile 671.10 billion current LCU compare
- 24 Costa Rica 564.66 billion current LCU compare
- 25 Burkina Faso 525.93 billion current LCU compare
More public sector data for Philippines
- Democracy, annual growth rate 0 % change on previous year (2025)
- Chief executive of the government is elected, annual growth rate 0 % change on previous year (2025)
- Elected parliament, annual growth rate 0 % change on previous year (2025)
- Men's universal right to vote, annual growth rate 0 % change on previous year (2025)
- Universal right to vote, annual growth rate 0 % change on previous year (2025)
- Universal right to vote in practice, annual growth rate 0 % change on previous year (2025)
- Arms imports 846.00 million SIPRI trend indicator values (2025)
- Arms imports (SIPRI trend indicator values), per capita 2.05 SIPRI trend indicator values per person (2024)
- Arms imports (SIPRI trend indicator values), per unit of GDP 0.0005 SIPRI trend indicator values per US$ of GDP (2024)
- Arms imports (SIPRI trend indicator values), annual growth rate 90.4 % change on previous year (2024)
Frequently asked questions
- What is taxes on international trade in Philippines?
- Taxes on international trade 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 taxes on international trade recorded in Philippines?
- The highest recorded value was 916.67 billion current LCU in 2024.
- What is the lowest taxes on international trade recorded in Philippines?
- The lowest recorded value was 43.70 billion current LCU in 1990.
- How does Philippines rank for taxes on international trade?
- Philippines ranks 22nd out of 155 countries with data for 2024.
- Is taxes on international trade 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 Taxes on international trade (current LCU). Statizoid updates them automatically from the source API.
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About this data
Taxes on international trade are taxes that become payable when goods cross the national or customs frontiers of the economic territory or when transactions in services exchange between residents and non-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.