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2023
Flag → Flag
Exports $328MRnk 27 / 201
2023
Flag → Flag
Top Product $72.1MOffice Machine Parts
2023
Flag → Flag
Exports $1.64BRnk 39 / 221
2023
Flag → Flag
Top Product $498MIron Ore
2023
Flag
Economic Complexity (ECI) ECI 0.64Rnk 40 / 132
2023
Flag
Economic Complexity (ECI) ECI 0.31Rnk 49 / 132
2023
Flag  
GDP$437BCURRENT US$
Rnk 33 / 195
2013-2023
Flag
GDP GROWTH54%CURRENT US$
Rnk 67 / 195
2023
Flag
 GDP$2.17TCURRENT US$
Rnk 9 / 195
2013-2023
Flag
GDP GROWTH-12.1%CURRENT US$
Rnk 184 / 195
2023
Flag
GDP PC $3,805CURRENT US$
Rnk 133 / 195
2013-2023
Flag
GDP PC GROWTH36.8%CURRENT US$
Rnk 65 / 195
2023
Flag
GDP PC$10,295CURRENT US$
Rnk 89 / 196
2013-2023
Flag
GDP PC GROWTH-17.4%CURRENT US$
Rnk 175 / 195

About

Philippines-Brazil Trade: In 2023, Philippines exported $328M to Brazil. The main products that Philippines exported to Brazil were Office Machine Parts ($72.1M), Integrated Circuits ($43.3M), and Computers ($29.5M). Over the past 5 years the exports of Philippines to Brazil have decreased at an annualized rate of 1.67%, from $357M in 2018 to $328M in 2023.

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

Brazil-Philippines Trade: In 2023, Brazil exported $1.64B to Philippines. The main products that Brazil exported to Philippines were Iron Ore ($498M), Pig Meat ($244M), and Poultry Meat ($208M). Over the past 5 years the exports of Brazil to Philippines have increased at an annualized rate of 22.1%,  from $605M in 2018 to $1.64B in 2023.

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

Comparison: In 2023,  Philippines ranked 40 in the Economic Complexity Index (ECI 0.64), and 42 in total exports ($101B). That same year, Brazil ranked 49 in the Economic Complexity Index (ECI 0.31), and 22 in total exports ($355B).

Latest Trends

July, 2024

About

Overview In July 2024, Philippines exported $19.1M and imported $129M from Brazil, resulting in a negative trade balance of $110M. Between July 2023 and July 2024 the exports of Philippines have increased by $1.2M (6.7%) from $17.9M to $19.1M, while imports increased by $30.6M (31%) from $98.7M to $129M.

Trade In July 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 July 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 July 2024, the increase in Philippines's year-by-year exports to Brazil was explained primarily by an increase in product exports in Broadcasting Accessories ($433k or 2.51k%), Vegetable Saps ($356k or 44.9%), and Low-voltage Protection Equipment ($189k or 64.9%). In July 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 (July 2023 - July 2024)$1.2M(6.7%)
IMPORT GROWTH (July 2023 - July 2024)$30.6M(31%)

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 2023, Philippines exported $328M to Brazil. The main products exported from Philippines to Brazil were Office Machine Parts ($72.1M), Integrated Circuits ($43.3M), and Computers ($29.5M). During the last 5 years the exports of Philippines to Brazil have decreased at an annualized rate of 1.67%, from $357M in 2018 to $328M in 2023.

In 2018, Brazil exported $1.64B to Philippines. The main products exported from Brazil to Philippines were Iron Ore ($498M), Pig Meat ($244M), and Poultry Meat ($208M). During the last 5 years the exports of Brazil to Philippines have increased at an annualized rate of 22.1%, from $605M in 2023 to $1.64B in 2018.

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

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

Market Competitiveness

Color
Philippines
Top DestinationChina$19B
Brazil
Top DestinationChina$106B

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 2023, countries that imported more from Philippines than Brazil included Hong Kong ($11.7B), Japan ($11.4B), and Switzerland ($2.25B).

In 2023, countries that imported more from Brazil than Philippines included China ($106B), United States ($37B), and Argentina ($17.2B).

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

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 2023, Philippines had a large net trade with Brazil in the exports of Machines ($247M), Instruments ($24.4M), and Vegetable Products ($18.5M).

During 2018, Brazil had a large net trade with Philippines in the exports of Animal Products ($675M), Mineral Products ($576M), and Foodstuffs ($200M).

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) (2023)

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