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Pricing

2022
Flag → Flag
Exports $6.1MRnk 96 / 205
2022
Flag → Flag
Top Product $1.33MAircraft Parts
2022
Flag → Flag
Exports $22.7MRnk 2 / 52
2022
Flag → Flag
Top Product $22.3MNon-fillet Frozen Fish
2022
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Economic Complexity (ECI) ECI 0.63Rnk 38 / 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$427MCURRENT US$
Rnk 182 / 186
2012-2022
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GDP GROWTH30.5%CURRENT US$
Rnk 99 / 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$3,741CURRENT US$
Rnk 126 / 186
2012-2022
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GDP PC GROWTH23.7%CURRENT US$
Rnk 74 / 186

About

Philippines-Micronesia In 2022, Philippines exported $6.1M to Micronesia. The main products that Philippines exported to Micronesia are Aircraft Parts ($1.33M), Sauces and Seasonings ($709k), and Baked Goods ($624k). During the last 26 years the exports of Philippines to Micronesia have increased at an annualized rate of 13.7%, from $218k in 1996 to $6.1M in 2022.

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

Micronesia-Philippines In 2022, Micronesia exported $22.7M to Philippines. The main products that Micronesia exported to Philippines were Non-fillet Frozen Fish ($22.3M), Aircraft Parts ($340k), and Engine Parts ($15.5k). During the last 26 years the exports of Micronesia to Philippines have increased at an annualized rate of 37.4%, from $5.87k in 1996 to $22.7M in 2022.

In 2022, Micronesia 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, Micronesia ranked 191 in total exports ($183M), and does not have data regarding Economic Complexity Index.

Latest Trends

August, 2021

About

Overview In August 2021, Philippines exported $262k and imported $254k from Micronesia, resulting in a positive trade balance of $8.09k. Between August 2020 and August 2021 the exports of Philippines have decreased by $-192k (-42.3%) from $453k to $262k, while imports decreased by $-1.71M (-87.1%) from $1.96M to $254k.

Trade In August 2021, the top exports of Philippines to Micronesia were Toilet Paper ($334k), Cement ($115k), Iron Structures ($91k), Other Edible Preparations ($48.7k), and Prepared Cereals ($29.5k). In August 2021 the top imports of Philippines from Micronesia were Non-fillet Frozen Fish ($591k).

Growth In August 2021, the decrease in Philippines's year-by-year exports to Micronesia was explained primarily by an decrease in product exports in Other Edible Preparations ($-55.7k or -53.4%), Soups and Broths ($-38.1k or -97.6%), and Other Prepared Meat ($-21.4k or -48.8%). In July 2021, the decrease in Philippines's year-by-year imports  from Micronesia was explained primarily by an decrease in product imports  in .

Latest Trade

Flow
Time Scale
Depth
Value
EXPORT GROWTH (August 2020 - August 2021)$-192k(-42.3%)
IMPORT GROWTH (July 2020 - July 2021)$-1.71M(-87.1%)

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.

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Philippines exported $6.1M to Micronesia. The main products exported from Philippines to Micronesia were Aircraft Parts ($1.33M), Sauces and Seasonings ($709k), and Baked Goods ($624k). During the last 26 years the exports of Philippines to Micronesia have increased at an annualized rate of 13.7%, from $218k in 1996 to $6.1M in 2022.

In 2022, Micronesia exported $22.7M to Philippines. The main products exported from Micronesia to Philippines were Non-fillet Frozen Fish ($22.3M), Aircraft Parts ($340k), and Engine Parts ($15.5k). During the last 24 years the exports of Micronesia to Philippines have increased at an annualized rate of 37.4%, from $5.87k in 1998 to $22.7M in 2022.

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

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

Market Competitiveness

Color
Philippines
Top DestinationUnited States$15.5B
Micronesia
Top DestinationThailand$143M

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 2021, countries that imported more from Philippines than Micronesia were United States ($15.5B), China ($15.3B), and Hong Kong ($12.6B).

In 2019, no countries were registered that imported more from Micronesia than from Philippines.

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

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 2022, Philippines had a large net trade with Micronesia in the exports of Foodstuffs ($2.25M), Transportation ($1.7M), and Machines ($366k).

During 2022, Micronesia had a large net trade with Philippines in the exports of Animal Products ($22.3M), Transportation ($340k), and Machines ($20.6k).

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 Micronesia. Similarly, the more yellow a dot/product is, the more Micronesia has comparative advantage over Philippines.

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

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