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Pricing

2022
Flag → Flag
Exports $4.05MRnk 107 / 205
2022
Flag → Flag
Top Product $1.55MMalt Extract
2022
Flag → Flag
Exports $433MRnk 18 / 101
2022
Flag → Flag
Top Product $370MCrude Petroleum
2022
Flag
Economic Complexity (ECI) ECI 0.71Rnk 37 / 133
2022
Flag
Economic Complexity (ECI) ECI -0.84Rnk 103 / 133
2022
Flag  
GDP$404BCURRENT US$
Rnk 38 / 186
2012-2022
Flag
GDP GROWTH54.4%CURRENT US$
Rnk 51 / 186
2022
Flag
 GDP$264BCURRENT US$
Rnk 48 / 186
2012-2022
Flag
GDP GROWTH21.2%CURRENT US$
Rnk 118 / 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$5,937CURRENT US$
Rnk 104 / 186
2012-2022
Flag
GDP PC GROWTH-7.77%CURRENT US$
Rnk 158 / 186

About

Philippines-Iraq Trade: In 2022, Philippines exported $4.05M to Iraq. The main products that Philippines exported to Iraq were Malt Extract ($1.55M), Coconuts, Brazil Nuts, and Cashews ($854k), and Building Stone ($577k). Over the past 5 years the exports of Philippines to Iraq have decreased at an annualized rate of 32.3%, from $28.5M in 2017 to $4.05M in 2022.

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

Iraq-Philippines Trade: In 2022, Iraq exported $433M to Philippines. The main products that Iraq exported to Philippines were Crude Petroleum ($370M), Refined Petroleum ($53.2M), and Acyclic Hydrocarbons ($5.01M). Over the past 5 years the exports of Iraq to Philippines have increased at an annualized rate of 844%,  from $5.77k in 2017 to $433M in 2022.

In 2022, Iraq 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, Iraq ranked 103 in the Economic Complexity Index (ECI -0.84), and 36 in total exports ($123B).

Latest Trends

June, 2024

About

Overview In June 2024, Philippines exported $531k and imported $86.2M from Iraq, resulting in a negative trade balance of $85.7M. Between June 2023 and June 2024 the exports of Philippines have increased by $79.4k (17.6%) from $452k to $531k, while imports increased by $20.2M (30.5%) from $66M to $86.2M.

Trade In June 2024, the top exports of Philippines to Iraq were Malt Extract ($169k), Rubber Tires ($89.6k), Bananas ($88.2k), Building Stone ($78.4k), and Special Pharmaceuticals ($308). In June 2024 the top imports of Philippines from Iraq were .

Growth In June 2024, the increase in Philippines's year-by-year exports to Iraq was explained primarily by an increase in product exports in Malt Extract ($103k or 157%). In June 2024, the increase in Philippines's year-by-year imports  from Iraq was explained primarily by an increase in product imports  in .

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (June 2023 - June 2024)$79.4k(17.6%)
IMPORT GROWTH (June 2023 - June 2024)$20.2M(30.5%)

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 Iraq and Philippines trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Iraq and Philippines Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Philippines exported $4.05M to Iraq. The main products exported from Philippines to Iraq were Malt Extract ($1.55M), Coconuts, Brazil Nuts, and Cashews ($854k), and Building Stone ($577k). During the last 5 years the exports of Philippines to Iraq have decreased at an annualized rate of 32.3%, from $28.5M in 2017 to $4.05M in 2022.

In 2017, Iraq exported $433M to Philippines. The main products exported from Iraq to Philippines were Crude Petroleum ($370M), Refined Petroleum ($53.2M), and Acyclic Hydrocarbons ($5.01M). During the last 5 years the exports of Iraq to Philippines have increased at an annualized rate of 844%, from $5.77k in 2022 to $433M in 2017.

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

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

Market Competitiveness

Color
Philippines
Top DestinationUnited States$15.5B
Iraq
Top DestinationIndia$38.8B

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

In 2022, countries that imported more from Philippines than Iraq included Hong Kong ($12.6B), Japan ($11.3B), and Singapore ($7.07B).

In 2022, countries that imported more from Iraq than Philippines included India ($38.8B), China ($34B), and Greece ($6.27B).

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

Comparative Advantage Philippines - Iraq

Flow
Scale

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

During 2022, Philippines had a large net trade with Iraq in the exports of Foodstuffs ($1.55M), Vegetable Products ($1.31M), and Stone And Glass ($577k).

During 2017, Iraq had a large net trade with Philippines in the exports of Mineral Products ($427M), Chemical Products ($5.88M), and Machines ($26.2k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Philippines Iraq+$6.74kGold
Top Product Potential Iraq Philippines+$10.3kRefined Petroleum

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

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

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