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2023
Flag → Flag
Exports $1.9BRnk 14 / 201
2023
Flag → Flag
Top Product $842MGold
2023
Flag → Flag
Exports $845MRnk 52 / 223
2023
Flag → Flag
Top Product $172MSemiconductor Devices
2023
Flag
Economic Complexity (ECI) ECI 0.64Rnk 40 / 132
2023
Flag
Economic Complexity (ECI) ECI 1.5Rnk 11 / 132
2023
Flag  
GDP$437BCURRENT US$
Rnk 33 / 195
2013-2023
Flag
GDP GROWTH54%CURRENT US$
Rnk 67 / 195
2023
Flag
 GDP$3.38TCURRENT US$
Rnk 6 / 195
2013-2023
Flag
GDP GROWTH21.4%CURRENT US$
Rnk 136 / 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$49,464CURRENT US$
Rnk 26 / 196
2013-2023
Flag
GDP PC GROWTH13.9%CURRENT US$
Rnk 124 / 195

About

Philippines-United Kingdom Trade: In 2023, Philippines exported $1.9B to United Kingdom. The main products that Philippines exported to United Kingdom were Gold ($842M), Integrated Circuits ($153M), and Office Machine Parts ($118M). Over the past 5 years the exports of Philippines to United Kingdom have increased at an annualized rate of 18.3%, from $818M in 2018 to $1.9B in 2023.

In 2023, Philippines did not export any services to United Kingdom.

United Kingdom-Philippines Trade: In 2023, United Kingdom exported $845M to Philippines. The main products that United Kingdom exported to Philippines were Semiconductor Devices ($172M), Gas Turbines ($121M), and Broadcasting Equipment ($47M). Over the past 5 years the exports of United Kingdom to Philippines have increased at an annualized rate of 0.96%,  from $806M in 2018 to $845M in 2023.

In 2019, United Kingdom exported services to Philippines worth $386M, with Other business services ($163M), Travel ($105M), and Royalties and license fees ($44.7M) 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, United Kingdom ranked 11 in the Economic Complexity Index (ECI 1.5), and 14 in total exports ($429B).

Latest Trends

July, 2024

About

Overview In July 2024, Philippines exported $46.5M and imported $62.1M from United Kingdom, resulting in a negative trade balance of $15.6M. Between July 2023 and July 2024 the exports of Philippines have increased by $3.02M (6.94%) from $43.5M to $46.5M, while imports increased by $6.62M (11.9%) from $55.4M to $62.1M.

Trade In July 2024, the top exports of Philippines to United Kingdom were Telephones ($9.51M), Recovered Paper Pulp ($4.09M), Commodities not elsewhere specified ($3.67M), Processed Fish ($3.3M), and Integrated Circuits ($2.38M). In July 2024 the top imports of Philippines from United Kingdom were Semiconductor Devices ($13.9M), Integrated Circuits ($11.5M), Telephones ($6.05M), Packaged Medicaments ($3.31M), and Cars ($2.85M).

Growth In July 2024, the increase in Philippines's year-by-year exports to United Kingdom was explained primarily by an increase in product exports in Telephones ($8.88M or 1.41k%), Electric Heaters ($1.78M or 79.6k%), and Other Processed Fruits and Nuts ($650k or 75%). In July 2024, the increase in Philippines's year-by-year imports  from United Kingdom was explained primarily by an increase in product imports  in Integrated Circuits ($9.36M or 442%), Semiconductor Devices ($5.68M or 68.9%), and Telephones ($4.79M or 383%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (July 2023 - July 2024)$3.02M(6.94%)
IMPORT GROWTH (July 2023 - July 2024)$6.62M(11.9%)

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 United Kingdom and Philippines trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore United Kingdom and Philippines Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Philippines exported $1.9B to United Kingdom. The main products exported from Philippines to United Kingdom were Gold ($842M), Integrated Circuits ($153M), and Office Machine Parts ($118M). During the last 5 years the exports of Philippines to United Kingdom have increased at an annualized rate of 18.3%, from $818M in 2018 to $1.9B in 2023.

In 2018, United Kingdom exported $845M to Philippines. The main products exported from United Kingdom to Philippines were Semiconductor Devices ($172M), Gas Turbines ($121M), and Broadcasting Equipment ($47M). During the last 5 years the exports of United Kingdom to Philippines have increased at an annualized rate of 0.96%, from $806M in 2023 to $845M in 2018.

Exports from Philippines (Flag) to United Kingdom (Flag) (2023)

Exports from United Kingdom (Flag) to Philippines (Flag) (2023)

Market Competitiveness

Color
Philippines
Top DestinationChina$19B
United Kingdom
Top DestinationUnited States$59.7B

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

In 2023, countries that imported more from Philippines than United Kingdom included Japan ($11.4B), Mexico ($3.02B), and Vietnam ($1.69B).

In 2023, countries that imported more from United Kingdom than Philippines included United States ($59.7B), Germany ($34.6B), and Ireland ($29.1B).

Difference in imports from United Kingdom (Flag) and Philippines (Flag) (2023)

Comparative Advantage Philippines - United Kingdom

Flow
Scale

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

During 2023, Philippines had a large net trade with United Kingdom in the exports of Precious Metals ($843M), Machines ($666M), and Foodstuffs ($77.6M).

During 2018, United Kingdom had a large net trade with Philippines in the exports of Machines ($459M), Chemical Products ($118M), and Transportation ($65.5M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Philippines United Kingdom+$139MIntegrated Circuits
Top Product Potential United Kingdom Philippines+$37.2MCars

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 2019, United Kingdom exported services to Philippines worth $386M, with Other business services ($163M), Travel ($105M), and Royalties and license fees ($44.7M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from United Kingdom (Flag) to Philippines (Flag) (2019)

Service Trade

Economic Complexity

Competitive Landscape

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

Product Space of Philippines (Flag) and United Kingdom (Flag) (2023)

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