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Annual data from Bureau of Economic Analysis (BEA) | Latest: 2024
In 2024, the United States exported $4.8B in services to Philippines and imported $8.7B, running a $3.9B services deficit. Other business services accounted for the largest share of two-way services trade. Source: U.S. Bureau of Economic Analysis (BEA).
Services Exports
$4.8B
To Philippines (2024, Annual)
Services Imports
$8.7B
From Philippines (2024, Annual)
Services Trade Balance
-$3.9B
U.S. services deficit with Philippines
| Service Type | Exports | Imports |
|---|---|---|
| Other business services | $927.0M | $4.1B |
| Travel services | $1.5B | $2.8B |
| Transport services | $597.0M | $823.0M |
| Telecommunications, computer, and information services | $386.0M | $468.0M |
| Financial services | $624.0M | $185.0M |
| Charges for the use of intellectual property n.i.e. | $445.0M | -- |
| Personal, cultural, and recreational services |
| $72.0M |
| $141.0M |
| Insurance services | $91.0M | $17.0M |
| Government goods and services n.i.e. | -- | $62.0M |
| Maintenance and repair services n.i.e. | -- | $23.0M |
| Construction services | $0 | -- |
-- No value published by BEA for this cell (withheld for confidentiality, or not published)
Other business services
$927.0M
$4.1B
Travel services
$1.5B
$2.8B
Transport services
$597.0M
$823.0M
Telecommunications, computer, and information services
$386.0M
$468.0M
Financial services
$624.0M
$185.0M
Charges for the use of intellectual property n.i.e.
$445.0M
--
Personal, cultural, and recreational services
$72.0M
$141.0M
Insurance services
$91.0M
$17.0M
Government goods and services n.i.e.
--
$62.0M
Maintenance and repair services n.i.e.
--
$23.0M
Construction services
$0
--