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2022
Flag → Flag
Exports $963MRnk 19 / 205
2022
Flag → Flag
Top Product $139MGold
2022
Flag → Flag
Exports $2.23BRnk 43 / 217
2022
Flag → Flag
Top Product $267MPackaged Medicaments
2022
Flag
Economic Complexity (ECI) ECI 0.71Rnk 37 / 133
2022
Flag
Economic Complexity (ECI) ECI 0.64Rnk 40 / 133
2022
Flag  
GDP$404BCURRENT US$
Rnk 38 / 186
2012-2022
Flag
GDP GROWTH54.4%CURRENT US$
Rnk 51 / 186
2022
Flag
 GDP$3.39TCURRENT US$
Rnk 5 / 186
2012-2022
Flag
GDP GROWTH85.2%CURRENT US$
Rnk 24 / 186
2022
Flag
GDP PC $3,499CURRENT US$
Rnk 129 / 186
2012-2022
Flag
GDP PC GROWTH30.9%CURRENT US$
Rnk 61 / 186
2022
Flag
GDP PC$2,389CURRENT US$
Rnk 140 / 186
2012-2022
Flag
GDP PC GROWTH66.6%CURRENT US$
Rnk 20 / 186

About

Philippines-India Trade: In 2022, Philippines exported $963M to India. The main products that Philippines exported to India were Gold ($139M), Office Machine Parts ($132M), and Gas Turbines ($74.8M). Over the past 5 years the exports of Philippines to India have increased at an annualized rate of 2.98%, from $831M in 2017 to $963M in 2022.

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

India-Philippines Trade: In 2022, India exported $2.23B to Philippines. The main products that India exported to Philippines were Packaged Medicaments ($267M), Motorcycles and cycles ($200M), and Frozen Bovine Meat ($129M). Over the past 5 years the exports of India to Philippines have increased at an annualized rate of 3.4%,  from $1.89B in 2017 to $2.23B in 2022.

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

Comparison: In 2022,  Philippines ranked 37 in the Economic Complexity Index (ECI 0.71), and 40 in total exports ($110B). That same year, India ranked 40 in the Economic Complexity Index (ECI 0.64), and 15 in total exports ($468B).

Latest Trends

August, 2024

About

Overview In August 2024, Philippines exported $95.3M and imported $174M from India, resulting in a negative trade balance of $78.5M. Between August 2023 and August 2024 the exports of Philippines have decreased by $-34.2M (-26.4%) from $129M to $95.3M, while imports decreased by $-23.9M (-12.1%) from $198M to $174M.

Trade In August 2024, the top exports of Philippines to India were Raw Copper ($24M), Industrial Printers ($8.73M), Electrical Transformers ($5.11M), Integrated Circuits ($4.68M), and Office Machine Parts ($4.57M). In August 2024 the top imports of Philippines from India were Packaged Medicaments ($24.9M), Motorcycles and cycles ($17.5M), Slag Dross ($9.81M), Molasses ($9.45M), and Frozen Bovine Meat ($9.33M).

Growth In August 2024, the decrease in Philippines's year-by-year exports to India was explained primarily by an decrease in product exports in Office Machine Parts ($-1.8M or -28.2%), Commodities not elsewhere specified ($-1.63M or -55.5%), and Electrical Lighting and Signalling Equipment ($-656k or -74.3%). In August 2024, the decrease in Philippines's year-by-year imports  from India was explained primarily by an decrease in product imports  in Refined Petroleum ($-24.8M or -97.5%), Telephones ($-10.3M or -98.7%), and Vaccines, blood, antisera, toxins and cultures ($-4.52M or -73.2%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (August 2023 - August 2024)$-34.2M(-26.4%)
IMPORT GROWTH (August 2023 - August 2024)$-23.9M(-12.1%)

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 India and Philippines trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore India and Philippines Data

Go to Bulk Download

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Philippines exported $963M to India. The main products exported from Philippines to India were Gold ($139M), Office Machine Parts ($132M), and Gas Turbines ($74.8M). During the last 5 years the exports of Philippines to India have increased at an annualized rate of 2.98%, from $831M in 2017 to $963M in 2022.

In 2017, India exported $2.23B to Philippines. The main products exported from India to Philippines were Packaged Medicaments ($267M), Motorcycles and cycles ($200M), and Frozen Bovine Meat ($129M). During the last 5 years the exports of India to Philippines have increased at an annualized rate of 3.4%, from $1.89B in 2022 to $2.23B in 2017.

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

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

Market Competitiveness

Color
Philippines
Top DestinationUnited States$15.5B
India
Top DestinationUnited States$82.9B

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

In 2022, countries that imported more from Philippines than India included Japan ($11.3B), Hong Kong ($12.6B), and Switzerland ($4.1B).

In 2022, countries that imported more from India than Philippines included United States ($82.9B), United Arab Emirates ($31.6B), and Netherlands ($17.6B).

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

Comparative Advantage Philippines - India

Flow
Scale

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

During 2022, Philippines had a large net trade with India in the exports of Machines ($415M), Chemical Products ($143M), and Precious Metals ($140M).

During 2017, India had a large net trade with Philippines in the exports of Chemical Products ($529M), Transportation ($458M), and Machines ($222M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Philippines India+$199MIntegrated Circuits
Top Product Potential India Philippines+$125MPackaged Medicaments

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

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

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