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Pricing

2022
Flag → Flag
Exports $15.3BRnk 2 / 205
2022
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Top Product $5.83BIntegrated Circuits
2022
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Exports $53.6BRnk 23 / 211
2022
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Top Product $2.44BRefined Petroleum
2022
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Economic Complexity (ECI) ECI 0.63Rnk 38 / 124
2022
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Economic Complexity (ECI) ECI 1.01Rnk 24 / 124
2022
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GDP$404BCURRENT US$
Rnk 38 / 186
2012-2022
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GDP GROWTH54.4%CURRENT US$
Rnk 51 / 186
2022
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 GDP$18TCURRENT US$
Rnk 2 / 186
2012-2022
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GDP GROWTH111%CURRENT US$
Rnk 11 / 186
2022
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GDP PC $3,499CURRENT US$
Rnk 129 / 186
2012-2022
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GDP PC GROWTH30.9%CURRENT US$
Rnk 61 / 186
2022
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GDP PC$12,720CURRENT US$
Rnk 67 / 186
2012-2022
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GDP PC GROWTH102%CURRENT US$
Rnk 8 / 186

About

Philippines-China In 2022, Philippines exported $15.3B to China. The main products that Philippines exported to China are Integrated Circuits ($5.83B), Office Machine Parts ($1.33B), and Nickel Ore ($1.2B). During the last 27 years the exports of Philippines to China have increased at an annualized rate of 16.4%, from $255M in 1995 to $15.3B in 2022.

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

China-Philippines In 2022, China exported $53.6B to Philippines. The main products that China exported to Philippines were Refined Petroleum ($2.44B), Integrated Circuits ($1.53B), and Broadcasting Equipment ($1.3B). During the last 27 years the exports of China to Philippines have increased at an annualized rate of 15.8%, from $1.03B in 1995 to $53.6B in 2022.

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

Comparison In 2022,  Philippines ranked 38 in the Economic Complexity Index (ECI 0.63), and 40 in total exports ($110B). That same year, China ranked 24 in the Economic Complexity Index (ECI 1.01), and 1 in total exports ($3.73T).

Latest Trends

August, 2021

About

Overview In August 2021, Philippines exported $1.06B and imported $2.48B from China, resulting in a negative trade balance of $1.42B. Between August 2020 and August 2021 the exports of Philippines have increased by $247M (30.2%) from $817M to $1.06B, while imports increased by $535M (27.5%) from $1.95B to $2.48B.

Trade In August 2021, the top exports of Philippines to China were Integrated Circuits ($115M), Refined Copper ($99.7M), Commodities not elsewhere specified ($95.7M), Bananas ($43.3M), and Computers ($42.8M). In August 2021 the top imports of Philippines from China were Refined Petroleum ($223M), Commodities not elsewhere specified ($194M), Telephones ($110M), Coated Flat-Rolled Iron ($63.3M), and Insulated Wire ($51.9M).

Growth In August 2021, the increase in Philippines's year-by-year exports to China was explained primarily by an increase in product exports in Refined Copper ($38.9M or 64.1%), Integrated Circuits ($34.7M or 43.3%), and Electrical Capacitors ($18.3M or 99.7%). In August 2021, the increase in Philippines's year-by-year imports  from China was explained primarily by an increase in product imports  in Refined Petroleum ($127M or 134%), Commodities not elsewhere specified ($85.3M or 78.7%), and Telephones ($35.4M or 47.1%).

Latest Trade

Flow
Time Scale
Depth
Value
EXPORT GROWTH (August 2020 - August 2021)$247M(30.2%)
IMPORT GROWTH (August 2020 - August 2021)$535M(27.5%)

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 China and Philippines trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Philippines exported $15.3B to China. The main products exported from Philippines to China were Integrated Circuits ($5.83B), Office Machine Parts ($1.33B), and Nickel Ore ($1.2B). During the last 27 years the exports of Philippines to China have increased at an annualized rate of 16.4%, from $255M in 1995 to $15.3B in 2022.

In 2022, China exported $53.6B to Philippines. The main products exported from China to Philippines were Refined Petroleum ($2.44B), Integrated Circuits ($1.53B), and Broadcasting Equipment ($1.3B). During the last 27 years the exports of China to Philippines have increased at an annualized rate of 15.8%, from $1.03B in 1995 to $53.6B in 2022.

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

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

Market Competitiveness

Color
Philippines
Top DestinationUnited States$15.5B
China
Top DestinationUnited States$551B

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

In 2021, countries that imported more from Philippines than China were Guam ($16.8M), Northern Mariana Islands ($3.85M), and Norfolk Island ($5.29M).

In 2021, countries that imported more from China than Philippines were United States ($551B), Hong Kong ($276B), and Japan ($178B).

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

Comparative Advantage Philippines - China

Flow
Scale

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

During 2022, Philippines had a large net trade with China in the exports of Machines ($9.51B), Mineral Products ($2.42B), and Metals ($1.13B).

During 2022, China had a large net trade with Philippines in the exports of Machines ($14.4B), Metals ($8.32B), and Textiles ($5.24B).

Economic Complexity

Competitive Landscape

This visualization show the product space at the HS4 level colored from blue to yellow.  This mean that the more blue a dot/product is, the more Philippines has comparative advantage over China. Similarly, the more yellow a dot/product is, the more China has comparative advantage over Philippines.

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

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