NEW: World Trade TARIFFS Simulator!
NEW: 2023 Data and Complexity Rankings
Sign In
Pricing

2023
Flag → Flag
Exports $5.33MRnk 96 / 201
2023
Flag → Flag
Top Product $761kSauces and Seasonings
2023
Flag → Flag
Exports $21.5MRnk 3 / 58
2023
Flag → Flag
Top Product $21MNon-fillet Frozen Fish
2023
Flag
Economic Complexity (ECI) ECI 0.64Rnk 40 / 132
2023
Flag  
GDP$437BCURRENT US$
Rnk 33 / 195
2013-2023
Flag
GDP GROWTH54%CURRENT US$
Rnk 67 / 195
2023
Flag
 GDP$460MCURRENT US$
Rnk 190 / 195
2013-2023
Flag
GDP GROWTH45%CURRENT US$
Rnk 85 / 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$4,084CURRENT US$
Rnk 130 / 196
2013-2023
Flag
GDP PC GROWTH39.2%CURRENT US$
Rnk 62 / 195

About

Philippines-Micronesia Trade: In 2023, Philippines exported $5.33M to Micronesia. The main products that Philippines exported to Micronesia were Sauces and Seasonings ($761k), Baked Goods ($732k), and Cement ($388k). Over the past 5 years the exports of Philippines to Micronesia have decreased at an annualized rate of 2.18%, from $5.95M in 2018 to $5.33M in 2023.

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

Micronesia-Philippines Trade: In 2023, Micronesia exported $21.5M to Philippines. The main products that Micronesia exported to Philippines were Non-fillet Frozen Fish ($21M), Planes, Helicopters, and/or Spacecraft ($409k), and Aircraft parts (gliders, balloons, and powered aircraft) ($88.9k). Over the past 5 years the exports of Micronesia to Philippines have increased at an annualized rate of 16.7%,  from $9.91M in 2018 to $21.5M in 2023.

In 2023, Micronesia 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, Micronesia ranked 188 in total exports ($190M), and does not have data regarding Economic Complexity Index.

Latest Trends

July, 2024

About

Overview In July 2024, Philippines exported $509k and imported $1.58k from Micronesia, resulting in a positive trade balance of $507k. Between July 2023 and July 2024 the exports of Philippines have increased by $184k (56.7%) from $325k to $509k, while imports decreased by $-654k (-99.8%) from $656k to $1.58k.

Trade In July 2024, the top exports of Philippines to Micronesia were Baked Goods ($50.9k), Flavored Water ($37.6k), Sauces and Seasonings ($34.3k), Cement ($21.5k), and Iron Structures ($18.2k). In July 2024 the top imports of Philippines from Micronesia were Non-fillet Frozen Fish ($422k) and Non-Knit Women's Suits ($401).

Growth In July 2024, the increase in Philippines's year-by-year exports to Micronesia was explained primarily by an increase in product exports in Sauces and Seasonings ($23.1k or 205%), Baked Goods ($20.5k or 67.8%), and Flavored Water ($3.45k or 10.1%). In July 2024, the decrease in Philippines's year-by-year imports  from Micronesia was explained primarily by an decrease in product imports  in .

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (July 2023 - July 2024)$184k(56.7%)
IMPORT GROWTH (July 2023 - July 2024)$-654k(-99.8%)

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 Micronesia and Philippines trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Micronesia and Philippines Data

Go to Bulk Download

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Philippines exported $5.33M to Micronesia. The main products exported from Philippines to Micronesia were Sauces and Seasonings ($761k), Baked Goods ($732k), and Cement ($388k). During the last 5 years the exports of Philippines to Micronesia have decreased at an annualized rate of 2.18%, from $5.95M in 2018 to $5.33M in 2023.

In 2018, Micronesia exported $21.5M to Philippines. The main products exported from Micronesia to Philippines were Non-fillet Frozen Fish ($21M), Planes, Helicopters, and/or Spacecraft ($409k), and Aircraft parts (gliders, balloons, and powered aircraft) ($88.9k). During the last 5 years the exports of Micronesia to Philippines have increased at an annualized rate of 16.7%, from $9.91M in 2023 to $21.5M in 2018.

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

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

Market Competitiveness

Color
Philippines
Top DestinationChina$19B
Micronesia
Top DestinationThailand$121M

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

In 2023, countries that imported more from Philippines than Micronesia included China ($19B), United States ($13.3B), and Hong Kong ($11.7B).

In 2023, countries that imported more from Micronesia than Philippines included Botswana ($1.01M).

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

Comparative Advantage Philippines - Micronesia

Flow
Scale

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

During 2023, Philippines had a large net trade with Micronesia in the exports of Foodstuffs ($2.63M), Mineral Products ($451k), and Plastics and Rubbers ($372k).

During 2018, Micronesia had a large net trade with Philippines in the exports of Animal Products ($21M), Transportation ($498k), and Machines ($20.3k).

Economic Complexity

Competitive Landscape

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

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

Keep Exploring

Have questions, comments, or concerns?
Send us an e-mail: support@oec.world
Follow @OECtoday on
Created, Designed, and Developed by:
In collaboration with
About the OECPrivacy PolicyTerms