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2023
Flag → Flag
Exports $876MRnk 54 / 220
2023
Flag → Flag
Top Product $224MHard Liquor
2023
Flag → Flag
Exports $430MRnk 24 / 201
2023
Flag → Flag
Top Product $84.8MCoconut Oil
2023
Flag
Economic Complexity (ECI) ECI 0.86Rnk 31 / 132
2023
Flag
Economic Complexity (ECI) ECI 0.64Rnk 40 / 132
2023
Flag  
GDP$1.62TCURRENT US$
Rnk 15 / 195
2013-2023
Flag
GDP GROWTH18.9%CURRENT US$
Rnk 143 / 195
2023
Flag
 GDP$437BCURRENT US$
Rnk 33 / 195
2013-2023
Flag
GDP GROWTH54%CURRENT US$
Rnk 67 / 195
2023
Flag
GDP PC $33,509CURRENT US$
Rnk 40 / 195
2013-2023
Flag
GDP PC GROWTH14.7%CURRENT US$
Rnk 119 / 195
2023
Flag
GDP PC$3,805CURRENT US$
Rnk 133 / 196
2013-2023
Flag
GDP PC GROWTH36.8%CURRENT US$
Rnk 65 / 195

About

Spain-Philippines Trade: In 2023, Spain exported $876M to Philippines. The main products that Spain exported to Philippines were Hard Liquor ($224M), Edible Offal ($102M), and Pig Meat ($67.3M). Over the past 5 years the exports of Spain to Philippines have increased at an annualized rate of 5.42%, from $673M in 2018 to $876M in 2023.

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

Philippines-Spain Trade: In 2023, Philippines exported $430M to Spain. The main products that Philippines exported to Spain were Coconut Oil ($84.8M), Processed Fish ($39.2M), and Electric Heaters ($34.6M). Over the past 5 years the exports of Philippines to Spain have increased at an annualized rate of 4.11%,  from $352M in 2018 to $430M in 2023.

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

Comparison: In 2023,  Spain ranked 31 in the Economic Complexity Index (ECI 0.86), and 16 in total exports ($402B). That same year, Philippines ranked 40 in the Economic Complexity Index (ECI 0.64), and 42 in total exports ($101B).

Latest Trends

November, 2024

About

Overview In November 2024, Spain exported €66.6M and imported €46.3M from Philippines, resulting in a positive trade balance of €20.3M. Between November 2023 and November 2024 the exports of Spain have increased by €6.82M (11.4%) from €59.8M to €66.6M, while imports increased by €10.9M (30.7%) from €35.4M to €46.3M.

Trade In November 2024, the top exports of Spain to Philippines were Hard Liquor (€13.2M), Edible Offal (€10.4M), Pig Meat (€8.78M), Animal Fat (€3.68M), and Packaged Medicaments (€2.02M). In November 2024 the top imports of Spain from Philippines were Coconut Oil (€3.5M), Industrial Printers (€2.16M), Other Processed Fruits and Nuts (€1.86M), Electrical Control Boards (€1.64M), and Vacuum Cleaners (€1.62M).

Origins In November 2024 the exports of Spain were mainly from Barcelona (€13.2M), Girona (€8.97M), Huesca (€8.67M), Zaragoza (€4.58M), and Sevilla (€4.48M), while imports destinations were mainly Madrid (€17.7M), Barcelona (€14.6M), A Coruña (€4.73M), Pontevedra (€2.48M), and Valencia (€2.3M).

Growth In November 2024, the increase in Spain's year-by-year exports to Philippines was explained primarily by an increase in product exports in Hard Liquor (€1.61M or 14%), Animal Fat (€1.57M or 74.6%), and Eggs (€979k or 453%). In November 2024, the increase in Spain's year-by-year imports  from Philippines was explained primarily by an increase in product imports  in Electrical Control Boards (€1.2M or 273%), Other Processed Fruits and Nuts (€580k or 45.4%), and Optical Fibers and optical fibre bundles (€553k or 246%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (November 2023 - November 2024)€6.82M(11.4%)
IMPORT GROWTH (November 2023 - November 2024)€10.9M(30.7%)
MAIN EXPORTER (November 2024)Barcelona€13.2M

This section shows exports and imports data at subnational level for Spain. Click any date in the line plot, any subnational region in the geomap or any product to explore the exports or imports behavior of Spain over time.

To check Philippines and Spain trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Philippines and Spain Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Spain exported $876M to Philippines. The main products exported from Spain to Philippines were Hard Liquor ($224M), Edible Offal ($102M), and Pig Meat ($67.3M). During the last 5 years the exports of Spain to Philippines have increased at an annualized rate of 5.42%, from $673M in 2018 to $876M in 2023.

In 2018, Philippines exported $430M to Spain. The main products exported from Philippines to Spain were Coconut Oil ($84.8M), Processed Fish ($39.2M), and Electric Heaters ($34.6M). During the last 5 years the exports of Philippines to Spain have increased at an annualized rate of 4.11%, from $352M in 2023 to $430M in 2018.

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

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

Market Competitiveness

Color
Spain
Top DestinationFrance$61.9B
Philippines
Top DestinationChina$19B

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

In 2023, countries that imported more from Spain than Philippines included France ($61.9B), Portugal ($38.1B), and Germany ($40.2B).

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

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

Comparative Advantage Spain - Philippines

Flow
Scale

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

During 2023, Spain had a large net trade with Philippines in the exports of Foodstuffs ($292M), Animal Products ($245M), and Chemical Products ($110M).

During 2018, Philippines had a large net trade with Spain in the exports of Machines ($175M), Animal and Vegetable Bi-Products ($89.6M), and Foodstuffs ($81.7M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Spain Philippines+$23.2MPackaged Medicaments
Top Product Potential Philippines Spain+$37.1MIntegrated 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 Spain and Philippines. This means that a dot/product with the flag of Spain indicates it has a comparative advantage over Philippines. Similarly, a dot/product with the flag of Philippines indicates it has a comparative advantage over Spain.

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

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