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2023
Flag → Flag
Exports $132MRnk 34 / 201
2023
Flag → Flag
Top Product $74.1MIntegrated Circuits
2023
Flag → Flag
Exports $162MRnk 53 / 206
2023
Flag → Flag
Top Product $31.4MSawn Wood
2023
Flag
Economic Complexity (ECI) ECI 0.64Rnk 40 / 132
2023
Flag
Economic Complexity (ECI) ECI 1.46Rnk 13 / 132
2023
Flag  
GDP$437BCURRENT US$
Rnk 33 / 195
2013-2023
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GDP GROWTH54%CURRENT US$
Rnk 67 / 195
2023
Flag
 GDP$296BCURRENT US$
Rnk 47 / 195
2013-2023
Flag
GDP GROWTH9.35%CURRENT US$
Rnk 158 / 195
2023
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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$52,926CURRENT US$
Rnk 23 / 196
2013-2023
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GDP PC GROWTH6.51%CURRENT US$
Rnk 144 / 195

About

Philippines-Finland Trade: In 2023, Philippines exported $132M to Finland. The main products that Philippines exported to Finland were Integrated Circuits ($74.1M), Office Machine Parts ($9.11M), and Gas Turbines ($9.05M). Over the past 5 years the exports of Philippines to Finland have decreased at an annualized rate of 2.05%, from $146M in 2018 to $132M in 2023.

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

Finland-Philippines Trade: In 2023, Finland exported $162M to Philippines. The main products that Finland exported to Philippines were Sawn Wood ($31.4M), Other Uncoated Paper ($25.8M), and Gas Turbines ($11.6M). Over the past 5 years the exports of Finland to Philippines have decreased at an annualized rate of 4.75%,  from $206M in 2018 to $162M in 2023.

In 2020, Finland exported services to Philippines worth $17.1M, with Computer and information services ($12.6M), Other business services ($3.43M), and Transportation ($1.14M) being the largest in terms of value.

Comparison: In 2023,  Philippines ranked 40 in the Economic Complexity Index (ECI 0.64), and 42 in total exports ($101B). That same year, Finland ranked 13 in the Economic Complexity Index (ECI 1.46), and 45 in total exports ($84.3B).

Latest Trends

July, 2024

About

Overview In July 2024, Philippines exported $1.39M and imported $15.2M from Finland, resulting in a negative trade balance of $13.8M. Between July 2023 and July 2024 the exports of Philippines have increased by $433k (45.4%) from $953k to $1.39M, while imports increased by $532k (3.64%) from $14.6M to $15.2M.

Trade In July 2024, the top exports of Philippines to Finland were Commodities not elsewhere specified ($409k), Other Processed Fruits and Nuts ($323k), Processed Fish ($219k), Aircraft parts (gliders, balloons, and powered... ($142k), and Semiconductor Devices ($87.7k). In July 2024 the top imports of Philippines from Finland were Other Uncoated Paper ($4.78M), Sawn Wood ($2.4M), Other Construction Vehicles ($951k), Kraft Paper ($717k), and Kaolin Coated Paper ($703k).

Growth In July 2024, the increase in Philippines's year-by-year exports to Finland was explained primarily by an increase in product exports in Other Processed Fruits and Nuts ($117k or 56.8%), Aircraft parts (gliders, balloons, and powered... ($112k or 372%), and Semiconductor Devices ($72.2k or 466%). In July 2024, the increase in Philippines's year-by-year imports  from Finland was explained primarily by an increase in product imports  in Other Uncoated Paper ($2.35M or 96.7%), Other Construction Vehicles ($666k or 233%), and Refractory Bricks ($449k or 7.91k%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (July 2023 - July 2024)$433k(45.4%)
IMPORT GROWTH (July 2023 - July 2024)$532k(3.64%)

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 Finland and Philippines trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Finland and Philippines Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Philippines exported $132M to Finland. The main products exported from Philippines to Finland were Integrated Circuits ($74.1M), Office Machine Parts ($9.11M), and Gas Turbines ($9.05M). During the last 5 years the exports of Philippines to Finland have decreased at an annualized rate of 2.05%, from $146M in 2018 to $132M in 2023.

In 2018, Finland exported $162M to Philippines. The main products exported from Finland to Philippines were Sawn Wood ($31.4M), Other Uncoated Paper ($25.8M), and Gas Turbines ($11.6M). During the last 5 years the exports of Finland to Philippines have decreased at an annualized rate of 4.75%, from $206M in 2023 to $162M in 2018.

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

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

Market Competitiveness

Color
Philippines
Top DestinationChina$19B
Finland
Top DestinationUnited States$9.68B

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

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

In 2023, countries that imported more from Finland than Philippines included Sweden ($8.13B), Germany ($9.26B), and Netherlands ($5.51B).

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

Comparative Advantage Philippines - Finland

Flow
Scale

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

During 2023, Philippines had a large net trade with Finland in the exports of Machines ($112M), Foodstuffs ($6.94M), and Instruments ($3.65M).

During 2018, Finland had a large net trade with Philippines in the exports of Paper Goods ($43.7M), Machines ($36.3M), and Wood Products ($31.7M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Philippines Finland+$31MIntegrated Circuits
Top Product Potential Finland Philippines+$5.26MKaolin Coated Paper

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 2020, Finland exported services to Philippines worth $17.1M, with Computer and information services ($12.6M), Other business services ($3.43M), and Transportation ($1.14M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Finland (Flag) to Philippines (Flag) (2020)

Service Trade

Economic Complexity

Competitive Landscape

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

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

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