2023
Flag  
GDP
$1.71TCURRENT US$
Rnk 14 / 195
2013-2023
Flag
GDP GROWTH
25%CURRENT US$
Rnk 127 / 195
2023
Flag
 GDP
$437BCURRENT US$
Rnk 33 / 195
2013-2023
Flag
GDP GROWTH
54%CURRENT US$
Rnk 67 / 195
2023
Flag
GDP PC 
$33,121CURRENT US$
Rnk 41 / 195
2013-2023
Flag
GDP PC GROWTH
21.9%CURRENT US$
Rnk 99 / 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

In N/A, South Korea did not export any services to Philippines.

Philippines-South Korea Trade: In N/A, Philippines exported $3.48B to South Korea. The main products that Philippines exported to South Korea were Integrated Circuits ($997M), Valves ($258M), and Coal Briquettes ($184M). Over the past N/A years the exports of Philippines to South Korea have decreased at an annualized rate of 3.6%,  from $4.18B in N/A to $3.48B in N/A.

In N/A, Philippines did not export any services to South Korea.

Comparison In N/A,  South Korea ranked 5 in total exports ($645B). That same year, Philippines ranked 42 in total exports ($101B). Both countries does not have data related to Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth
Value

South Korea does not register exports to Philippines. The main products exported from South Korea to Philippines were Refined Petroleum ($3.16B), Integrated Circuits ($1.96B), and Office Machine Parts ($426M).

In 2018, Philippines exported $3.48B to South Korea. The main products exported from Philippines to South Korea were Integrated Circuits ($997M), Valves ($258M), and Coal Briquettes ($184M). During the last 5 years the exports of Philippines to South Korea have decreased at an annualized rate of 3.6%, from $4.18B in 2023 to $3.48B in 2018.

Exports from South Korea (Flag) to Philippines (Flag) (2023)

Exports from Philippines (Flag) to South Korea (Flag) (2023)

Market Competitiveness

Color
South Korea
Top Destination
China$162B
Philippines
Top Destination
China$19B

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 2023, countries that imported more from South Korea than Philippines included China ($162B), United States ($118B), and Chinese Taipei ($28.2B).

In 2023, countries that imported more from Philippines than South Korea included Vietnam ($1.69B), Russia ($48.7M), and Bangladesh ($38.2M).

Difference in imports from Philippines (Flag) and South Korea (Flag) (2023)

Comparative Advantage South Korea - Philippines

Flow
Scale

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

During 2018, Philippines had a large net trade with South Korea in the exports of Machines ($2.04B), Mineral Products ($272M), and Instruments ($238M).

Economic Complexity

Competitive Landscape

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

Product Space of South Korea (Flag) and Philippines (Flag) (2023)

Have questions, comments, or concerns?
Send us an e-mail: support@oec.world
Follow @OECtoday on
Created, Designed, and Developed by:
In collaboration with