71184 v2 Philippines: Trade At-A-Glance Dec-08 2007 GDP 2007 GDP 2007 Share 2007 Trade Membership No. of RTAs/ EIAs (millions) per capita in World Trade per capita GATT WTO Goods Services $141,483 $1,612 0.37% $1,414 1979 1995 4 1 Philippines TRADE PERFORMANCE ‡ EAP Ranking Decile TP Lower mid inc TRADE POLICY (TP) (out of 125) 21 2 EXTERNAL ENVIRONMENT (EE) (out of 126) 70 6 TO EE INSTITUTIONAL ENVIRONMENT (IE) (out of 181) 140 8 TRADE FACILITATION (TF) (out of 151) 65 5 TRADE OUTCOME (TO) (out of 161) 157 10 TF IE ‡ Rankings are based on the "representative" indicators (in bold) in each group below for the latest year Outer bound represents best value in latest year TRADE POLICY (TP)  1995-99^ 2000-04^ 2005-07^ Latest^ Trade Tariff Restrictiveness Index (MFN applied tariffs)& 4.3 3.4 3.8 * TTRI (applied tariffs including preferences) & .. 3.8 3.8 * TTRI Overall TRI (OTRI, applied tariffs incl. prefs.+NTMs)& .. 19.0 19.0 * (MFN) Other trade policy indicators MFN applied tariff - simple avg (%) 13.6 6.3 6.3 6.3 * Applied Dispersion (coefficient of variation) 0.9 1.3 1.0 1.0 * tariff (wgt avg) Maximum rate 65.0 62.0 65.0 65.0 * Agriculture - simple avg (%) 19.0 9.5 9.6 9.6 * Import Nonagriculture - simple avg (%) 12.7 5.8 5.8 5.8 * duties MFN applied tariff - trade weighted avg (%) 9.5 3.4 3.6 3.4 * MFN zero-duty imports (% in total imports) 0.6 41.6 37.1 30.2 * Applied tariff (incl. prefs.) - trade weighted avg (%) 9.5 3.3 2.9 2.8 * Nontariff measures Agriculture 22.8 9.7 11.8 11.9 * Nonagriculture 8.2 2.8 2.3 2.1 * 0 10 20 30 Applied tariff (incl. prefs.) - production weighted avg (%) .. 8.2 8.2 * EAP Lower mid inc Philippines Applied tariff (incl. prefs.) escalation (finished% minus raw%) 1.2 1.4 1.5 * Agriculture .. 0.9 3.6 3.6 * Nonagriculture .. 4.5 2.8 2.9 * Import duties (% of imports) 7.7 4.8 6.0 6.9 * Services commit. Tariff overhang (MFN bound less MFN applied rate,%) 11.7 19.1 19.6 19.6 * Bound tariff frequency ratio (% of total lines) 66.4 66.2 66.6 66.8 * Specific tariffs frequency ratio (%) 0.0 0.0 0.0 0.0 * 0 40 80 Non-tariff measures frequency ratio (%) .. 5.6 .. .. EAP Lower mid inc Philippines Overall GATS commitment index (0-100, best) .. 14.1 14.1 EXTERNAL ENVIRONMENT (EE)  1995-99^ 2000-04^ 2005-07^ Latest^ MA-TTRI (applied tariffs incl. prefs.)& 2.8 2.5 * MA-OTRI (applied tariffs incl. prefs.+NTMs)& 12.5 12.2 * MA-TTRI Other external environment indicators ROW applied tariff (incl. prefs.) - weighted avg (%) 3.5 2.1 1.5 1.4 * MFN duty free Agriculture 8.8 8.3 6.5 6.8 * (exports) Nonagriculture 3.0 1.7 1.2 1.1 * MFN zero-duty exports (% of total exports) 44.8 69.9 78.1 76.1 * Value of prefer Exports with FTA / CU partners (% of total exports) 46.2 60.4 59.7 58.7 * Preferences (EU+U.S.) utilization rate (%) .. .. 82.0 68.8 * 0 1 Lowest Highest Preferences (EU+U.S.) actual value (% of exports) .. .. 0.4 0.4 * EAP Lower mid inc Philippines Real effective exchange rate (% change,+ =apprec.) -0.1 -5.4 9.2 7.7 ^ Indicators shown are period averages, incl. growth rates. Latest indicates 2008; when not available, 2006 or 2007 is used(noted by *). For more infor., see User's Guide at http://www.worldbank.org/wti2008. ŸMFN: most favored nation; NTM: nontariff measures; MA: market access; ROW: rest of the world; FTA: free trade agreement; CU: customs union; WTO: World Trade Organization GATT: General Agreement on Tariffs and Trade; WGI: World Government Indicators; ".." indicates missing value; RTA/EIA: regional trade arrangement / economic integration arrangement; & 2007 are preliminary estimates Philippines Trade At-A-Glance Dec-08 INSTITUTIONAL ENVIRONMENT (IE) 2004 2006 2007 2008 Ease of Doing Business (rank out of 181) .. .. 136 140 Starting a business (rank) .. .. 151 155 Enforcing contracts (rank) .. .. 113 155 Ease of Doing Closing a business (rank) .. 150 114 Business Other institutional environment indicators WGI - Regulatory Quality (-2.5 to +2.5, best) -0.21 -0.06 -0.01 .. 0 80 160 WGI - Rule of Law (-2.5 to +2.5, best) -0.64 -0.48 -0.59 .. EAP Lower mid inc Philippines WGI - Control of Corruption (-2.5 to +2.5, best) -0.60 -0.78 -0.79 .. TRADE FACILITATION (TF) 1995-99^ 2000-04^ 2005-07^ Latest^ Logistics Performance Index (LPI, 1 to 5 best) .. .. 2.7 2.7 * Efficiency of customs and other border procedures .. .. 2.6 2.6 * Logistic Index Quality of transport and IT infrastructures .. .. 2.3 2.3 * International transportation costs .. .. 2.8 2.8 * Logistics competence .. .. 2.7 2.7 * Trading Trackability of shipments .. .. 2.7 2.7 * Across Borders Domestic transportation costs .. .. 3.3 3.3 * Timeliness of shipment .. .. 3.1 3.1 * Other trade facilitation indicators UNCTAD Shipping Doing Business - Trading Across Borders (rank out of 181) .. 58 58 No. of documents required for exports .. .. 8 8 No. of days process required for exports .. .. .. .. Telephones Cost to export (US$ per container) .. .. 800 816 per 100 No. of documents required for imports .. .. 8 8 No. of days process required for imports .. .. 18 16 Secondary Cost to import (US$ per container) .. .. 800 819 enrollment Liner shipping connectivity index (0-100 best) .. .. 15.9 18.4 Telephones and mobiles per 100 people 5.0 26.3 49.5 53.9 * 0 Lowest 1 Highest Average cost of 3-minute call to U.S. (US$) 5.6 1.4 .. .. EAP Lower mid inc Philippines Internet usage (per 100 people) 0.6 3.8 5.8 6.0 * Secondary gross school enrollment (%) 75.7 81.9 84.0 83.1 * * TRADE OUTCOME (TO) ## 1995-99^ 2000-04^ 2005-07^ Latest^ Real growth in trade of goods and services (%) 5.6 6.7 4.7 -2.6 12 10 10.1 Exports 5.4 7.5 7.1 -4.5 9.5 9.4 8.9 8 8.0 7.7 6.7 Imports 5.7 6.0 3.2 -0.3 6 6.1 5.6 6.0 4.7 4 Other trade outcome indicators 2 Trade integration (trade as % of GDP) 101.7 109.7 95.2 78.2 0 1995-99 2000-04 2005-07 2008 FDI inflow (% of GDP) 2.1 1.3 2.0 1.4 -2 -2.6 -4 World trade share growth (%) 6.7 -6.5 -3.3 -7.7 Trade Growth Rate Exports 7.4 -6.2 -2.7 -12.0 Philippines EAP Lower mid inc Imports 6.3 -6.7 -3.8 -3.9 Merchandise share in total exports (%) 71.9 91.1 87.7 83.4 Exports Share (2005-07) Agriculture 6.6 5.5 5.6 5.3 * Service, Agric, Manufacturing 57.7 82.8 78.2 76.1 * 5.6 12.4 Mining, fuel and others 7.7 2.8 5.1 6.4 * Mining, 5.1 Service share in total exports (%) 28.1 8.9 12.4 17.1 Tourism 5.1 4.7 5.8 6.6 * Transportation 0.9 2.0 2.2 2.2 * Other services 22.1 2.2 3.1 3.4 * Export product concentration index (0 to 100, highest) 33.4 40.8 35.2 34.6 * Manuf, Export market concentration index (0 to 100, highest) 40.4 34.4 32.0 31.9 * 78.2 Top 5 exports share (% of merchandise exports) .. .. 54.3 49.2 * Top 5 exports (SITC Rev. 2; 3 digit) Valves/transistors[776], Comp Equip[752], Office equip parts/accs.[759], Motor veh parts/acc[784], Copper[682] ^ Indicators shown are period averages, incl. growth rates. Latest indicates 2008; when not available, 2006 or 2007 is used (noted by *). For more info., see User's Guide at http://www.worldbank.org/wti2008 ## Most outcome indicators (mostly through 2007) are from the WDI (World Bank, Data Group), UNCTAD or COMTRADE; for filling gaps and 2008, data from the Prospects Group are used.