Asia ¡ Country profile
Philippines
India-Philippines trade corridor: $6.5B bilateral trade, $5.1B FDI into India.
$6.5B
Trade with India
+15.0% YoY
$430.0B
GDP
Nominal
$5.1B
FDI into India
Cumulative
-$0.4B
Trade balance
India deficit
Top exports to Philippines
- Refined petroleum
- Organic chemicals
- IT hardware
Top imports from Philippines
- Chemicals
- Plastics
- Fertilisers
Trade corridor with India
2025: $6.5B ¡ 5-yr CAGR 11.5%
Goods trade in USD billion, illustrative demo figures.
Latest Philippines stories
Trade5h ago3 min read
India-Philippines bilateral trade hits a new quarterly high
FDI8h ago4 min read
Philippines investors commit fresh capital to Indian manufacturing
Policy11h ago5 min read
Revised tariff schedule for India-Philippines goods notified
Technology14h ago6 min read
India and Philippines deepen cooperation on digital and AI standards
Policy and tariff watch
| Measure | Change | Status | Date | Alert |
|---|---|---|---|---|
| Import duty on engineering goods | 4% to 0% | In force | Jan 2026 | |
| Rules of origin certification | Digital certificates mandatory | Notified | Mar 2026 | |
| Pharma regulatory recognition | Mutual recognition under review | Consultation | Jun 2026 | |
| Agri products SPS standards | Revised residue limits | Proposed | Sep 2026 | |
| Trade agreement round | Round 7 of negotiations | Negotiating | Dec 2026 |
Upcoming events and delegations
Forum
India-Philippines Business Forum
Jan 2027 ¡ New Delhi
Delegation
Trade delegation to Philippines
Mar 2027 ¡ Philippines
Buyer meet
Philippines buyers-sellers meet
Apr 2027 ¡ Mumbai
Policy
Joint working group on market access
Dec 2026 ¡ Virtual