Flag South Korea / Philippines Flag

2020
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Exports
: $7.31B, Rnk 13 / 218

2020
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Top Product
: $2.77B, Integrated Circuits

2020
FlagFlag
Exports
: $3.05B, Rnk 7 / 205

2020
FlagFlag
Top Product
: $566M, Integrated Circuits

2020
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Economic Complexity (ECI)
: ECI 1.88, Rnk 5 / 127

2020
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Economic Complexity (ECI)
: ECI 0.58, Rnk 39 / 127

2020
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GDP
: $1.64T, CURRENT US$
Rnk 10 / 195

2010-2020
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GDP GROWTH
: 43.2%, CURRENT US$
Rnk 69 / 195

2020
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 GDP
: $361B, CURRENT US$
Rnk 32 / 195

2010-2020
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GDP GROWTH
: 73.5%, CURRENT US$
Rnk 30 / 195

2020
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GDP PC 
: $31,631, CURRENT US$
Rnk 32 / 195

2010-2020
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GDP PC GROWTH
: 37%, CURRENT US$
Rnk 45 / 195

2020
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GDP PC
: $3,299, CURRENT US$
Rnk 132 / 195

2010-2020
Flag
GDP PC GROWTH
: 48.8%, CURRENT US$
Rnk 30 / 195

South Korea-Philippines In 2020, South Korea exported $7.31B to Philippines. The main products that South Korea exported to Philippines are Integrated Circuits ($2.77B), Refined Petroleum ($824M), and Copper Wire ($174M). During the last 25 years the exports of South Korea to Philippines have increased at an annualized rate of 6.56%, from $1.49B in 1995 to $7.31B in 2020.

In 2005, South Korea exported services to Philippines worth $354M, with Transportation ($236M), Travel ($68.4M), and Other business services ($23.2M) being the largest in terms of value.

Philippines-South Korea In 2020, Philippines exported $3.05B to South Korea . The main products that Philippines exported to South Korea were Integrated Circuits ($566M), Office Machine Parts ($472M), and Bananas ($204M). During the last 25 years the exports of Philippines to South Korea have increased at an annualized rate of 6.82%, from $586M in 1995 to $3.05B in 2020.

In 2020, Philippines did not export any services to South Korea.

Comparison In 2020,  South Korea ranked 5 in the Economic Complexity Index (ECI 1.88), and 5 in total exports ($531B). That same year, Philippines ranked 39 in the Economic Complexity Index (ECI 0.58), and 39 in total exports ($79.5B).

Historical Data

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Bilateral Trade by Products

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Depth
Value

In 2020, South Korea exported $7.31B to Philippines. The main products exported from South Korea to Philippines were Integrated Circuits ($2.77B), Refined Petroleum ($824M), and Copper Wire ($174M). During the last 25 years the exports of South Korea to Philippines have increased at an annualized rate of 6.56%, from $1.49B in 1995 to $7.31B in 2020.

In 2020, Philippines exported $3.05B to South Korea. The main products exported from Philippines to South Korea were Integrated Circuits ($566M), Office Machine Parts ($472M), and Bananas ($204M). During the last 25 years the exports of Philippines to South Korea have increased at an annualized rate of 6.82%, from $586M in 1995 to $3.05B in 2020.

Market Competitiveness

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Measure

South Korea
Top Destination
: China, $131B

Philippines
Top Destination
: China, $12.9B

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

In 2019, countries that imported more from South Korea than Philippines were China ($131B), United States ($75B), and Vietnam ($48B).

In 2019, countries that imported more from Philippines than South Korea were Curaçao ($19.5M), Norfolk Island ($2.83M), and Cocos (Keeling) Islands ($269k).

Comparative Advantage South Korea - Philippines

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Flow

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

During 2020, South Korea had a large net trade with Philippines in the exports of Machines ($3.9B), Mineral Products ($1B), and Metals ($554M).

During 2020, Philippines had a large net trade with South Korea in the exports of Machines ($1.92B), Vegetable Products ($262M), and Metals ($233M).

Bilateral Service Trade

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In 2005, South Korea exported services to Philippines worth $354M, with Transportation ($236M), Travel ($68.4M), and Other business services ($23.2M) being the largest in terms of value.

Service trade data is presented based on availability.

Economic Complexity

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Competitive Landscape

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This visualization show the product space at the HS4 level colored from blue to yellow.  This mean that the more blue a dot/product is, the more South Korea has comparative advantage over Philippines. Similarly, the more yellow a dot/product is, the more Philippines has comparative advantage over South Korea.