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Pricing

2022
Flag → Flag
Exports $590MRnk 19 / 210
2022
Flag → Flag
Top Product $144MButter
2022
Flag → Flag
Exports $119MRnk 37 / 205
2022
Flag → Flag
Top Product $15.6MBananas
2022
Flag
Economic Complexity (ECI) ECI 0.46Rnk 45 / 133
2022
Flag
Economic Complexity (ECI) ECI 0.71Rnk 37 / 133
2022
Flag  
GDP$247BCURRENT US$
Rnk 50 / 186
2012-2022
Flag
GDP GROWTH40.3%CURRENT US$
Rnk 82 / 186
2022
Flag
 GDP$404BCURRENT US$
Rnk 38 / 186
2012-2022
Flag
GDP GROWTH54.4%CURRENT US$
Rnk 51 / 186
2022
Flag
GDP PC $48,249CURRENT US$
Rnk 22 / 186
2012-2022
Flag
GDP PC GROWTH20.7%CURRENT US$
Rnk 86 / 186
2022
Flag
GDP PC$3,499CURRENT US$
Rnk 129 / 186
2012-2022
Flag
GDP PC GROWTH30.9%CURRENT US$
Rnk 61 / 186

About

New Zealand-Philippines Trade: In 2022, New Zealand exported $590M to Philippines. The main products that New Zealand exported to Philippines were Butter ($144M), Concentrated Milk ($114M), and Cheese ($87.8M). Over the past 5 years the exports of New Zealand to Philippines have increased at an annualized rate of 2.34%, from $525M in 2017 to $590M in 2022.

In 2018, New Zealand exported services to Philippines worth $771M, with Travel ($664M), Other business services ($69.1M), and Government services, n.i.e. ($22.1M) being the largest in terms of value.

Philippines-New Zealand Trade: In 2022, Philippines exported $119M to New Zealand. The main products that Philippines exported to New Zealand were Bananas ($15.6M), Office Machine Parts ($9.48M), and Tropical Fruits ($6.94M). Over the past 5 years the exports of Philippines to New Zealand have increased at an annualized rate of 4.51%,  from $95.1M in 2017 to $119M in 2022.

In 2022, Philippines did not export any services to New Zealand.

Comparison: In 2022,  New Zealand ranked 45 in the Economic Complexity Index (ECI 0.46), and 64 in total exports ($46.5B). That same year, Philippines ranked 37 in the Economic Complexity Index (ECI 0.71), and 40 in total exports ($110B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, New Zealand exported $590M to Philippines. The main products exported from New Zealand to Philippines were Butter ($144M), Concentrated Milk ($114M), and Cheese ($87.8M). During the last 5 years the exports of New Zealand to Philippines have increased at an annualized rate of 2.34%, from $525M in 2017 to $590M in 2022.

In 2017, Philippines exported $119M to New Zealand. The main products exported from Philippines to New Zealand were Bananas ($15.6M), Office Machine Parts ($9.48M), and Tropical Fruits ($6.94M). During the last 5 years the exports of Philippines to New Zealand have increased at an annualized rate of 4.51%, from $95.1M in 2022 to $119M in 2017.

Exports from New Zealand (Flag) to Philippines (Flag) (2022)

Exports from Philippines (Flag) to New Zealand (Flag) (2022)

Latest Data

Trade between New Zealand (Flag) and Philippines (Flag)

New Zealand Exports

Philippines Exports

Market Competitiveness

Color
New Zealand
Top DestinationChina$13.1B
Philippines
Top DestinationUnited States$15.5B

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

In 2022, countries that imported more from New Zealand than Philippines included Australia ($5.35B), Saudi Arabia ($599M), and Algeria ($517M).

In 2022, countries that imported more from Philippines than New Zealand included Hong Kong ($12.6B), United States ($15.5B), and Japan ($11.3B).

Difference in imports from Philippines (Flag) and New Zealand (Flag) (2022)

Comparative Advantage New Zealand - Philippines

Flow
Scale

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

During 2022, New Zealand had a large net trade with Philippines in the exports of Animal Products ($464M), Wood Products ($35.4M), and Foodstuffs ($25.8M).

During 2017, Philippines had a large net trade with New Zealand in the exports of Machines ($41.1M), Vegetable Products ($28.7M), and Foodstuffs ($15.5M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential New Zealand Philippines+$9.42MFrozen Bovine Meat
Top Product Potential Philippines New Zealand+$8.03MIntegrated 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 New Zealand and Philippines. This means that a dot/product with the flag of New Zealand indicates it has a comparative advantage over Philippines. Similarly, a dot/product with the flag of Philippines indicates it has a comparative advantage over New Zealand.

Product Space of New Zealand (Flag) and Philippines (Flag) (2022)

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