Philippines Balance of Trade - Forecast

Balance of Trade in Philippines is expected to be -3120000.00 USD Thousand by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Balance of Trade in Philippines to stand at -3220000.00 in 12 months time. In the long-term, the Philippines Balance of Trade is projected to trend around -3480000.00 USD Thousand in 2020, according to our econometric models.


Forecast Data Chart
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Philippines Trade Last Q4/18 Q1/19 Q2/19 Q3/19 2020
Balance of Trade -3513488 -3120000 -3020000 -2890000 -3220000 -3480000
Exports 6163490 5830000 5850000 5890000 5930000 6100000
Imports 9676980 8950000 8870000 8780000 9150000 9580000
Current Account -824 855 -182 -385 153 589
Current Account to GDP -0.8 -1.1 -1.4 -1.4 -1.4 -1.2
External Debt 73098 72000 73000 73000 73000 73500
Capital Flows 0.86 9.5 12.1 7.3 6.5 12
Remittances 2476000 2480000 2520000 2590000 2650000 2900000
Tourist Arrivals 601322 662000 677000 615000 643000 691000
Gold Reserves 198 196 196 196 197 197
Terrorism Index 7.13 7.2 7.25 7.25 7.25 7.1
Foreign Direct Investment 914 890 750 790 900 1050
Crude Oil Production 15 15 14.99 14.99 14.99 30