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2023
Flag → Flag
Exports $19BRnk 1 / 201
2023
Flag → Flag
Top Product $6.79BIntegrated Circuits
2023
Flag → Flag
Exports $34.6BRnk 28 / 208
2023
Flag → Flag
Top Product $3.03BRefined Petroleum
2023
Flag
Economic Complexity (ECI) ECI 0.64Rnk 40 / 132
2023
Flag
Economic Complexity (ECI) ECI 1.16Rnk 21 / 132
2023
Flag  
GDP$437BCURRENT US$
Rnk 33 / 195
2013-2023
Flag
GDP GROWTH54%CURRENT US$
Rnk 67 / 195
2023
Flag
 GDP$17.8TCURRENT US$
Rnk 2 / 195
2013-2023
Flag
GDP GROWTH85.9%CURRENT US$
Rnk 22 / 195
2023
Flag
GDP PC $3,805CURRENT US$
Rnk 133 / 195
2013-2023
Flag
GDP PC GROWTH36.8%CURRENT US$
Rnk 65 / 195
2023
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GDP PC$12,614CURRENT US$
Rnk 80 / 196
2013-2023
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GDP PC GROWTH79.7%CURRENT US$
Rnk 17 / 195

About

Philippines-China Trade: In 2023, Philippines exported $19B to China. The main products that Philippines exported to China were Integrated Circuits ($6.79B), Nickel Ore ($1.98B), and Office Machine Parts ($1.77B). Over the past 5 years the exports of Philippines to China have decreased at an annualized rate of 1.89%, from $20.9B in 2018 to $19B in 2023.

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

China-Philippines Trade: In 2023, China exported $34.6B to Philippines. The main products that China exported to Philippines were Refined Petroleum ($3.03B), Integrated Circuits ($1.38B), and Coated Flat-Rolled Iron ($601M). Over the past 5 years the exports of China to Philippines have increased at an annualized rate of 6.04%,  from $25.8B in 2018 to $34.6B in 2023.

In 2023, China 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, China ranked 21 in the Economic Complexity Index (ECI 1.16), and 1 in total exports ($3.42T).

Latest Trends

July, 2024

About

Overview In July 2024, Philippines exported $791M and imported $3.24B from China, resulting in a negative trade balance of $2.45B. Between July 2023 and July 2024 the exports of Philippines have increased by $14.9M (1.92%) from $776M to $791M, while imports increased by $472M (17%) from $2.77B to $3.24B.

Trade In July 2024, the top exports of Philippines to China were Integrated Circuits ($225M), Commodities not elsewhere specified ($85M), Refined Copper ($60.5M), Nickel Ore ($56.5M), and Electrical Capacitors ($38.7M). In July 2024 the top imports of Philippines from China were Refined Petroleum ($301M), Commodities not elsewhere specified ($124M), Coated Flat-Rolled Iron ($54.4M), Unglazed Ceramics ($54.2M), and Integrated Circuits ($52.6M).

Growth In July 2024, the increase in Philippines's year-by-year exports to China was explained primarily by an increase in product exports in Copper Ore ($33.2M or 30.9k%), Nickel Ore ($14M or 32.8%), and Electrical Capacitors ($11.4M or 41.8%). In July 2024, the increase in Philippines's year-by-year imports  from China was explained primarily by an increase in product imports  in Refined Petroleum ($243M or 420%), Electrical Transformers ($22.8M or 105%), and Semiconductor Devices ($20.2M or 118%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (July 2023 - July 2024)$14.9M(1.92%)
IMPORT GROWTH (July 2023 - July 2024)$472M(17%)

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.

Explore China and Philippines Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Philippines exported $19B to China. The main products exported from Philippines to China were Integrated Circuits ($6.79B), Nickel Ore ($1.98B), and Office Machine Parts ($1.77B). During the last 5 years the exports of Philippines to China have decreased at an annualized rate of 1.89%, from $20.9B in 2018 to $19B in 2023.

In 2018, China exported $34.6B to Philippines. The main products exported from China to Philippines were Refined Petroleum ($3.03B), Integrated Circuits ($1.38B), and Coated Flat-Rolled Iron ($601M). During the last 5 years the exports of China to Philippines have increased at an annualized rate of 6.04%, from $25.8B in 2023 to $34.6B in 2018.

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

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

Market Competitiveness

Color
Philippines
Top DestinationChina$19B
China
Top DestinationUnited States$436B

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 2023, countries that imported more from Philippines than China included Guam ($22.7M), Northern Mariana Islands ($4.48M), and American Samoa ($3.47M).

In 2023, countries that imported more from China than Philippines included United States ($436B), Hong Kong ($259B), and Germany ($164B).

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

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 2023, Philippines had a large net trade with China in the exports of Machines ($12B), Mineral Products ($3.34B), and Metals ($1.24B).

During 2018, China had a large net trade with Philippines in the exports of Machines ($10.5B), Metals ($5.09B), and Mineral Products ($3.36B).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Philippines China+$3.5BIntegrated Circuits
Top Product Potential China Philippines+$865MIntegrated 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 Philippines and China. This means that a dot/product with the flag of Philippines indicates it has a comparative advantage over China. Similarly, a dot/product with the flag of China indicates it has a comparative advantage over Philippines.

Product Space of Philippines (Flag) and China (Flag) (2023)

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