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2022
Flag → Flag
Exports $4.1BRnk 9 / 205
2022
Flag → Flag
Top Product $3.72BGold
2022
Flag → Flag
Exports $361MRnk 59 / 219
2022
Flag → Flag
Top Product $54.5MBase Metal Watches
2022
Flag
Economic Complexity (ECI) ECI 0.71Rnk 37 / 133
2022
Flag
Economic Complexity (ECI) ECI 1.97Rnk 2 / 133
2022
Flag  
GDP$404BCURRENT US$
Rnk 38 / 186
2012-2022
Flag
GDP GROWTH54.4%CURRENT US$
Rnk 51 / 186
2022
Flag
 GDP$808BCURRENT US$
Rnk 20 / 186
2012-2022
Flag
GDP GROWTH17.7%CURRENT US$
Rnk 128 / 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$92,101CURRENT US$
Rnk 5 / 186
2012-2022
Flag
GDP PC GROWTH7.3%CURRENT US$
Rnk 125 / 186

About

Philippines-Switzerland Trade: In 2022, Philippines exported $4.1B to Switzerland. The main products that Philippines exported to Switzerland were Gold ($3.72B), Gold Clad Metals ($88.4M), and Integrated Circuits ($70.9M). Over the past 5 years the exports of Philippines to Switzerland have increased at an annualized rate of 45.6%, from $628M in 2017 to $4.1B in 2022.

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

Switzerland-Philippines Trade: In 2022, Switzerland exported $361M to Philippines. The main products that Switzerland exported to Philippines were Base Metal Watches ($54.5M), Semiconductor Devices ($50.1M), and Vaccines, blood, antisera, toxins and cultures ($31.3M). Over the past 5 years the exports of Switzerland to Philippines have decreased at an annualized rate of 3.05%,  from $421M in 2017 to $361M in 2022.

In 2019, Switzerland exported services to Philippines worth $24.6M, with Travel ($24.6M) being the largest in terms of value.

Comparison: In 2022,  Philippines ranked 37 in the Economic Complexity Index (ECI 0.71), and 40 in total exports ($110B). That same year, Switzerland ranked 2 in the Economic Complexity Index (ECI 1.97), and 17 in total exports ($402B).

Latest Trends

August, 2024

About

Overview In August 2024, Philippines exported $40.3M and imported $35M from Switzerland, resulting in a positive trade balance of $5.34M. Between August 2023 and August 2024 the exports of Philippines have decreased by $-21M (-34.3%) from $61.3M to $40.3M, while imports increased by $4.72M (15.6%) from $30.2M to $35M.

Trade In August 2024, the top exports of Philippines to Switzerland were Gold ($50.2M), Integrated Circuits ($1.92M), Raw Tobacco ($1.74M), Commodities not elsewhere specified ($999k), and Industrial Printers ($571k). In August 2024 the top imports of Philippines from Switzerland were Petroleum Coke ($10.7M), Semiconductor Devices ($4.89M), Base Metal Watches ($3.35M), Antiknock ($2.64M), and Vaccines, blood, antisera, toxins and cultures ($2M).

Growth In August 2024, the decrease in Philippines's year-by-year exports to Switzerland was explained primarily by an decrease in product exports in Commodities not elsewhere specified ($-1.79M or -64.2%), Iron Fasteners ($-207k or -96.3%), and Opto-Electric Instrument Parts ($-17.3k or -85%). In August 2024, the increase in Philippines's year-by-year imports  from Switzerland was explained primarily by an increase in product imports  in Semiconductor Devices ($1.76M or 56.3%), Vaccines, blood, antisera, toxins and cultures ($1.21M or 152%), and Chocolate ($998k or 304%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (August 2023 - August 2024)$-21M(-34.3%)
IMPORT GROWTH (August 2023 - August 2024)$4.72M(15.6%)

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 Switzerland and Philippines trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Switzerland and Philippines Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Philippines exported $4.1B to Switzerland. The main products exported from Philippines to Switzerland were Gold ($3.72B), Gold Clad Metals ($88.4M), and Integrated Circuits ($70.9M). During the last 5 years the exports of Philippines to Switzerland have increased at an annualized rate of 45.6%, from $628M in 2017 to $4.1B in 2022.

In 2017, Switzerland exported $361M to Philippines. The main products exported from Switzerland to Philippines were Base Metal Watches ($54.5M), Semiconductor Devices ($50.1M), and Vaccines, blood, antisera, toxins and cultures ($31.3M). During the last 5 years the exports of Switzerland to Philippines have decreased at an annualized rate of 3.05%, from $421M in 2022 to $361M in 2017.

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

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

Market Competitiveness

Color
Philippines
Top DestinationUnited States$15.5B
Switzerland
Top DestinationUnited States$61.7B

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

In 2022, countries that imported more from Philippines than Switzerland included Hong Kong ($12.6B), Japan ($11.3B), and Vietnam ($2.25B).

In 2022, countries that imported more from Switzerland than Philippines included Germany ($53.5B), United States ($61.7B), and China ($44.1B).

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

Comparative Advantage Philippines - Switzerland

Flow
Scale

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

During 2022, Philippines had a large net trade with Switzerland in the exports of Precious Metals ($3.81B), Machines ($207M), and Instruments ($16.9M).

During 2017, Switzerland had a large net trade with Philippines in the exports of Machines ($121M), Chemical Products ($94.7M), and Instruments ($77.1M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Philippines Switzerland+$48.2MIntegrated Circuits
Top Product Potential Switzerland Philippines+$40.9MPackaged Medicaments

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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Bilateral Service Trade

In 2019, Switzerland exported services to Philippines worth $24.6M, with Travel ($24.6M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Switzerland (Flag) to Philippines (Flag) (2019)

Service Trade

Economic Complexity

Competitive Landscape

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

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

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