2023
Flag  
GDP
$512BCURRENT US$
Rnk 29 / 195
2013-2023
Flag
GDP GROWTH
20%CURRENT US$
Rnk 141 / 195
2023
Flag
 GDP
$437BCURRENT US$
Rnk 33 / 195
2013-2023
Flag
GDP GROWTH
54%CURRENT US$
Rnk 67 / 195
2023
Flag
GDP PC 
$56,034CURRENT US$
Rnk 18 / 195
2013-2023
Flag
GDP PC GROWTH
11.4%CURRENT US$
Rnk 131 / 195
2023
Flag
GDP PC
$3,805CURRENT US$
Rnk 133 / 196
2013-2023
Flag
GDP PC GROWTH
36.8%CURRENT US$
Rnk 65 / 195

About

Austria-Philippines Trade: In 2023, Austria exported $177M to Philippines. The main products that Austria exported to Philippines were Integrated Circuits ($40.5M), Cigarette Paper ($9.09M), and Packaged Medicaments ($8.72M). Over the past 5 years the exports of Austria to Philippines have decreased at an annualized rate of 1.17%, from $188M in 2018 to $177M in 2023.

In 2020, Austria exported services to Philippines worth $10.3M, with Transportation ($3.43M), Other business services ($3.43M), and Travel ($2.28M) being the largest in terms of value.

Philippines-Austria Trade: In 2023, Philippines exported $337M to Austria. The main products that Philippines exported to Austria were Integrated Circuits ($186M), Electric Batteries ($46M), and Semiconductor Devices ($16M). Over the past 5 years the exports of Philippines to Austria have increased at an annualized rate of 4.89%,  from $265M in 2018 to $337M in 2023.

In 2023, Philippines did not export any services to Austria.

Comparison: In 2023,  Austria ranked 8 in the Economic Complexity Index (ECI 1.56), and 31 in total exports ($204B). That same year, Philippines ranked 40 in the Economic Complexity Index (ECI 0.64), and 42 in total exports ($101B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Austria exported $177M to Philippines. The main products exported from Austria to Philippines were Integrated Circuits ($40.5M), Cigarette Paper ($9.09M), and Packaged Medicaments ($8.72M). During the last 5 years the exports of Austria to Philippines have decreased at an annualized rate of 1.17%, from $188M in 2018 to $177M in 2023.

In 2018, Philippines exported $337M to Austria. The main products exported from Philippines to Austria were Integrated Circuits ($186M), Electric Batteries ($46M), and Semiconductor Devices ($16M). During the last 5 years the exports of Philippines to Austria have increased at an annualized rate of 4.89%, from $265M in 2023 to $337M in 2018.

Exports from Austria (Flag) to Philippines (Flag) (2023)

Exports from Philippines (Flag) to Austria (Flag) (2023)

Latest Data

Trade between Austria (Flag) and Philippines (Flag)

Austria Exports

Philippines Exports

Market Competitiveness

Color
Austria
Top Destination
Germany$51B
Philippines
Top Destination
China$19B

This map shows whether countries import more from Austria or Philippines. Each country is colored based on the difference in imports they receive from Austria and Philippines or the difference in the growth in imports.

In 2023, countries that imported more from Austria than Philippines included Germany ($51B), Italy ($13.5B), and Switzerland ($10.9B).

In 2023, countries that imported more from Philippines than Austria included China ($19B), Hong Kong ($11.7B), and Japan ($11.4B).

Difference in imports from Philippines (Flag) and Austria (Flag) (2023)

Comparative Advantage Austria - Philippines

Flow
Scale

This chart compares trade between Austria and Philippines by product, considering products traded by both, Austria and Philippines.

During 2023, Austria had a large net trade with Philippines in the exports of Machines ($78.4M), Chemical Products ($15.8M), and Transportation ($14.1M).

During 2018, Philippines had a large net trade with Austria in the exports of Machines ($292M), Textiles ($7.81M), and Miscellaneous ($6.39M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Austria Philippines+$16.5MIntegrated Circuits
Top Product Potential Philippines Austria+$60.5MIntegrated Circuits

We estimate the export potential of an economy for each product and destination using an extension of the bilateral relatedness model of Jun et al. (2019).This extended gravity model considers similarities among products and geographies and explains more than 50% of the variance in future trade flows.

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Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of Austria and Philippines. This means that a dot/product with the flag of Austria indicates it has a comparative advantage over Philippines. Similarly, a dot/product with the flag of Philippines indicates it has a comparative advantage over Austria.

Product Space of Austria (Flag) and Philippines (Flag) (2023)

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