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2023
Flag → Flag
Exports $930MRnk 69 / 219
2023
Flag → Flag
Top Product $144MIntegrated Circuits
2023
Flag → Flag
Exports $354MRnk 25 / 201
2023
Flag → Flag
Top Product $57.9MElectric Heaters
2023
Flag
Economic Complexity (ECI) ECI 1.29Rnk 18 / 132
2023
Flag
Economic Complexity (ECI) ECI 0.64Rnk 40 / 132
2023
Flag  
GDP$2.3TCURRENT US$
Rnk 8 / 195
2013-2023
Flag
GDP GROWTH6.86%CURRENT US$
Rnk 165 / 195
2023
Flag
 GDP$437BCURRENT US$
Rnk 33 / 195
2013-2023
Flag
GDP GROWTH54%CURRENT US$
Rnk 67 / 195
2023
Flag
GDP PC $39,003CURRENT US$
Rnk 32 / 195
2013-2023
Flag
GDP PC GROWTH9.11%CURRENT US$
Rnk 136 / 195
2023
Flag
GDP PC$3,805CURRENT US$
Rnk 133 / 196
2013-2023
Flag
GDP PC GROWTH36.8%CURRENT US$
Rnk 65 / 195

About

Italy-Philippines Trade: In 2023, Italy exported $930M to Philippines. The main products that Italy exported to Philippines were Integrated Circuits ($144M), Packaged Medicaments ($68.2M), and Animal Food ($34.1M). Over the past 5 years the exports of Italy to Philippines have increased at an annualized rate of 3.37%, from $788M in 2018 to $930M in 2023.

In 2020, Italy exported services to Philippines worth $28.2M, with Travel ($15.1M), Other business services ($6.51M), and Royalties and license fees ($3.31M) being the largest in terms of value.

Philippines-Italy Trade: In 2023, Philippines exported $354M to Italy. The main products that Philippines exported to Italy were Electric Heaters ($57.9M), Coconut Oil ($47.8M), and Other Domestic Electric Housewares ($34.6M). Over the past 5 years the exports of Philippines to Italy have increased at an annualized rate of 1.9%,  from $322M in 2018 to $354M in 2023.

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

Comparison: In 2023,  Italy ranked 18 in the Economic Complexity Index (ECI 1.29), and 6 in total exports ($638B). That same year, Philippines ranked 40 in the Economic Complexity Index (ECI 0.64), and 42 in total exports ($101B).

Latest Trends

October, 2024

About

Overview In October 2024, Italy exported €46.5M and imported €21.3M from Philippines, resulting in a positive trade balance of €25.2M. Between October 2023 and October 2024 the exports of Italy have increased by €16.7M (56%) from €29.8M to €46.5M, while imports decreased by €-10.5M (-33%) from €31.8M to €21.3M.

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (October 2023 - October 2024)€16.7M(56%)
IMPORT GROWTH (October 2023 - October 2024)€-10.5M(-33%)

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

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

For full datasets download visit Bulk Download page.

Explore Philippines and Italy Data

Go to Bulk Download

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Italy exported $930M to Philippines. The main products exported from Italy to Philippines were Integrated Circuits ($144M), Packaged Medicaments ($68.2M), and Animal Food ($34.1M). During the last 5 years the exports of Italy to Philippines have increased at an annualized rate of 3.37%, from $788M in 2018 to $930M in 2023.

In 2018, Philippines exported $354M to Italy. The main products exported from Philippines to Italy were Electric Heaters ($57.9M), Coconut Oil ($47.8M), and Other Domestic Electric Housewares ($34.6M). During the last 5 years the exports of Philippines to Italy have increased at an annualized rate of 1.9%, from $322M in 2023 to $354M in 2018.

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

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

Market Competitiveness

Color
Italy
Top DestinationGermany$71.4B
Philippines
Top DestinationChina$19B

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

In 2023, countries that imported more from Italy than Philippines included Germany ($71.4B), France ($61.1B), and United States ($70.9B).

In 2023, countries that imported more from Philippines than Italy included Hong Kong ($11.7B), Malaysia ($2.15B), and Thailand ($3.13B).

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

Comparative Advantage Italy - Philippines

Flow
Scale

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

During 2023, Italy had a large net trade with Philippines in the exports of Machines ($380M), Chemical Products ($114M), and Foodstuffs ($114M).

During 2018, Philippines had a large net trade with Italy in the exports of Machines ($177M), Animal and Vegetable Bi-Products ($47.9M), and Textiles ($24.5M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Italy Philippines+$36.7MPackaged Medicaments
Top Product Potential Philippines Italy+$52.9MIntegrated 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 Italy and Philippines. This means that a dot/product with the flag of Italy indicates it has a comparative advantage over Philippines. Similarly, a dot/product with the flag of Philippines indicates it has a comparative advantage over Italy.

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

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