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2022
Flag → Flag
Exports $342MRnk 26 / 205
2022
Flag → Flag
Top Product $56.1MOffice Machine Parts
2022
Flag → Flag
Exports $1.59BRnk 40 / 223
2022
Flag → Flag
Top Product $405MIron Ore
2022
Flag
Economic Complexity (ECI) ECI 0.71Rnk 37 / 133
2022
Flag
Economic Complexity (ECI) ECI 0.36Rnk 49 / 133
2022
Flag  
GDP$404BCURRENT US$
Rnk 38 / 186
2012-2022
Flag
GDP GROWTH54.4%CURRENT US$
Rnk 51 / 186
2022
Flag
 GDP$1.92TCURRENT US$
Rnk 11 / 186
2012-2022
Flag
GDP GROWTH-22.1%CURRENT US$
Rnk 180 / 186
2022
Flag
GDP PC $3,499CURRENT US$
Rnk 129 / 186
2012-2022
Flag
GDP PC GROWTH30.9%CURRENT US$
Rnk 61 / 186
2022
Flag
GDP PC$8,918CURRENT US$
Rnk 82 / 186
2012-2022
Flag
GDP PC GROWTH-27.7%CURRENT US$
Rnk 177 / 186

About

Philippines-Brazil Trade: In 2022, Philippines exported $342M to Brazil. The main products that Philippines exported to Brazil were Office Machine Parts ($56.1M), Integrated Circuits ($51.6M), and Industrial Printers ($35.8M). Over the past 5 years the exports of Philippines to Brazil have increased at an annualized rate of 1.65%, from $315M in 2017 to $342M in 2022.

In 2022, Philippines did not export any services to Brazil.

Brazil-Philippines Trade: In 2022, Brazil exported $1.59B to Philippines. The main products that Brazil exported to Philippines were Iron Ore ($405M), Poultry Meat ($284M), and Frozen Bovine Meat ($268M). Over the past 5 years the exports of Brazil to Philippines have increased at an annualized rate of 26.7%,  from $486M in 2017 to $1.59B in 2022.

In 2022, Brazil did not export any services to Philippines.

Comparison: In 2022,  Philippines ranked 37 in the Economic Complexity Index (ECI 0.71), and 40 in total exports ($110B). That same year, Brazil ranked 49 in the Economic Complexity Index (ECI 0.36), and 25 in total exports ($341B).

Latest Trends

August, 2024

About

Overview In August 2024, Philippines exported $20.8M and imported $207M from Brazil, resulting in a negative trade balance of $186M. Between August 2023 and August 2024 the exports of Philippines have decreased by $-609k (-2.84%) from $21.4M to $20.8M, while imports increased by $57.3M (38.3%) from $150M to $207M.

Trade In August 2024, the top exports of Philippines to Brazil were Industrial Printers ($6.18M), Integrated Circuits ($1.2M), Vegetable Saps ($1.15M), Electrical Transformers ($918k), and Orthopedic Appliances ($747k). In August 2024 the top imports of Philippines from Brazil were Iron Ore ($37.6M), Poultry Meat ($16.8M), Alcohol > 80% ABV ($15.1M), Frozen Bovine Meat ($14.3M), and Pig Meat ($5.26M).

Growth In August 2024, the decrease in Philippines's year-by-year exports to Brazil was explained primarily by an decrease in product exports in Industrial Printers ($-1.21M or -16.4%), Commodities not elsewhere specified ($-802k or -70.9%), and Hydrogen ($-569k or -87.2%). In August 2024, the increase in Philippines's year-by-year imports  from Brazil was explained primarily by an increase in product imports  in Alcohol > 80% ABV ($11.3M or 298%), Oxygen Amino Compounds ($2.54M or 587%), and Poultry Meat ($2.27M or 15.6%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (August 2023 - August 2024)$-609k(-2.84%)
IMPORT GROWTH (August 2023 - August 2024)$57.3M(38.3%)

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

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

For full datasets download visit Bulk Download page.

Explore Brazil and Philippines Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Philippines exported $342M to Brazil. The main products exported from Philippines to Brazil were Office Machine Parts ($56.1M), Integrated Circuits ($51.6M), and Industrial Printers ($35.8M). During the last 5 years the exports of Philippines to Brazil have increased at an annualized rate of 1.65%, from $315M in 2017 to $342M in 2022.

In 2017, Brazil exported $1.59B to Philippines. The main products exported from Brazil to Philippines were Iron Ore ($405M), Poultry Meat ($284M), and Frozen Bovine Meat ($268M). During the last 5 years the exports of Brazil to Philippines have increased at an annualized rate of 26.7%, from $486M in 2022 to $1.59B in 2017.

Exports from Philippines (Flag) to Brazil (Flag) (2022)

Exports from Brazil (Flag) to Philippines (Flag) (2022)

Market Competitiveness

Color
Philippines
Top DestinationUnited States$15.5B
Brazil
Top DestinationChina$90.1B

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

In 2022, countries that imported more from Philippines than Brazil included Hong Kong ($12.6B), Japan ($11.3B), and Switzerland ($4.1B).

In 2022, countries that imported more from Brazil than Philippines included China ($90.1B), United States ($36.6B), and Argentina ($15.4B).

Difference in imports from Brazil (Flag) and Philippines (Flag) (2022)

Comparative Advantage Philippines - Brazil

Flow
Scale

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

During 2022, Philippines had a large net trade with Brazil in the exports of Machines ($248M), Instruments ($24.1M), and Chemical Products ($20.4M).

During 2017, Brazil had a large net trade with Philippines in the exports of Animal Products ($737M), Mineral Products ($457M), and Foodstuffs ($131M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Philippines Brazil+$96MIntegrated Circuits
Top Product Potential Brazil Philippines+$24.7MRefined Petroleum

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 Philippines and Brazil. This means that a dot/product with the flag of Philippines indicates it has a comparative advantage over Brazil. Similarly, a dot/product with the flag of Brazil indicates it has a comparative advantage over Philippines.

Product Space of Philippines (Flag) and Brazil (Flag) (2022)

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