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2023
Flag → Flag
Exports $51.3MRnk 50 / 201
2023
Flag → Flag
Top Product $24MOffice Machine Parts
2023
Flag → Flag
Exports $16.8MRnk 85 / 183
2023
Flag → Flag
Top Product $5.57MPesticides
2023
Flag
Economic Complexity (ECI) ECI 0.64Rnk 40 / 132
2023
Flag
Economic Complexity (ECI) ECI 0.23Rnk 51 / 132
2023
Flag  
GDP$437BCURRENT US$
Rnk 33 / 195
2013-2023
Flag
GDP GROWTH54%CURRENT US$
Rnk 67 / 195
2023
Flag
 GDP$363BCURRENT US$
Rnk 42 / 195
2013-2023
Flag
GDP GROWTH-4.87%CURRENT US$
Rnk 176 / 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$6,947CURRENT US$
Rnk 104 / 196
2013-2023
Flag
GDP PC GROWTH-16.1%CURRENT US$
Rnk 173 / 195

About

Philippines-Colombia Trade: In 2023, Philippines exported $51.3M to Colombia. The main products that Philippines exported to Colombia were Office Machine Parts ($24M), Electrical Transformers ($2.77M), and Shaving Products ($1.69M). Over the past 5 years the exports of Philippines to Colombia have decreased at an annualized rate of 4.79%, from $65.5M in 2018 to $51.3M in 2023.

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

Colombia-Philippines Trade: In 2023, Colombia exported $16.8M to Philippines. The main products that Colombia exported to Philippines were Pesticides ($5.57M), Precious Metal Ore ($4.3M), and Coffee and Tea Extracts ($917k). Over the past 5 years the exports of Colombia to Philippines have increased at an annualized rate of 5.84%,  from $12.6M in 2018 to $16.8M in 2023.

In 2023, Colombia 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, Colombia ranked 51 in the Economic Complexity Index (ECI 0.23), and 54 in total exports ($54.8B).

Latest Trends

July, 2024

About

Overview In July 2024, Philippines exported $2.3M and imported $1.25M from Colombia, resulting in a positive trade balance of $1.05M. Between July 2023 and July 2024 the exports of Philippines have increased by $1.4M (155%) from $899k to $2.3M, while imports increased by $59.9k (5.05%) from $1.19M to $1.25M.

Trade In July 2024, the top exports of Philippines to Colombia were Industrial Printers ($911k), Coconuts, Brazil Nuts, and Cashews ($89k), Shaving Products ($75.8k), Activated Carbon ($63.9k), and Telephones ($51.8k). In July 2024 the top imports of Philippines from Colombia were Bandages ($177k), Electrical Insulators ($25.7k), Packaged Medicaments ($16.7k), Other Iron Products ($10k), and Acrylic Polymers ($6.05k).

Growth In July 2024, the increase in Philippines's year-by-year exports to Colombia was explained primarily by an increase in product exports in Telephones ($47.8k or 1.22k%), Integrated Circuits ($8.53k or 78.1%), and Rubber Tires ($298 or 0.94%). In July 2024, the increase in Philippines's year-by-year imports  from Colombia was explained primarily by an increase in product imports  in Knit Women's Suits ($924 or 832%), Non-Knit Women's Suits ($586 or 45.1%), and Commodities not elsewhere specified ($115 or 73.2%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (July 2023 - July 2024)$1.4M(155%)
IMPORT GROWTH (July 2023 - July 2024)$59.9k(5.05%)

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 Colombia and Philippines trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Colombia and Philippines Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Philippines exported $51.3M to Colombia. The main products exported from Philippines to Colombia were Office Machine Parts ($24M), Electrical Transformers ($2.77M), and Shaving Products ($1.69M). During the last 5 years the exports of Philippines to Colombia have decreased at an annualized rate of 4.79%, from $65.5M in 2018 to $51.3M in 2023.

In 2018, Colombia exported $16.8M to Philippines. The main products exported from Colombia to Philippines were Pesticides ($5.57M), Precious Metal Ore ($4.3M), and Coffee and Tea Extracts ($917k). During the last 5 years the exports of Colombia to Philippines have increased at an annualized rate of 5.84%, from $12.6M in 2023 to $16.8M in 2018.

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

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

Market Competitiveness

Color
Philippines
Top DestinationChina$19B
Colombia
Top DestinationUnited States$14.8B

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

In 2023, countries that imported more from Philippines than Colombia included China ($19B), Hong Kong ($11.7B), and Japan ($11.4B).

In 2023, countries that imported more from Colombia than Philippines included Panama ($4.66B), Ecuador ($2.19B), and Brazil ($2.12B).

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

Comparative Advantage Philippines - Colombia

Flow
Scale

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

During 2023, Philippines had a large net trade with Colombia in the exports of Machines ($34.2M), Instruments ($4.57M), and Chemical Products ($3.08M).

During 2018, Colombia had a large net trade with Philippines in the exports of Chemical Products ($8.28M), Mineral Products ($4.3M), and Foodstuffs ($1.53M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Philippines Colombia+$6.33MComputers
Top Product Potential Colombia Philippines+$3.09MPesticides

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

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

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