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Pricing

2023
Flag → Flag
Exports $11.4BRnk 4 / 201
2023
Flag → Flag
Top Product $1.61BInsulated Wire
2023
Flag → Flag
Exports $10.4BRnk 18 / 211
2023
Flag → Flag
Top Product $1.23BIntegrated Circuits
2023
Flag
Economic Complexity (ECI) ECI 0.64Rnk 40 / 132
2023
Flag
Economic Complexity (ECI) ECI 2.07Rnk 1 / 132
2023
Flag  
GDP$437BCURRENT US$
Rnk 33 / 195
2013-2023
Flag
GDP GROWTH54%CURRENT US$
Rnk 67 / 195
2023
Flag
 GDP$4.2TCURRENT US$
Rnk 4 / 195
2013-2023
Flag
GDP GROWTH-19.3%CURRENT US$
Rnk 190 / 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$33,767CURRENT US$
Rnk 38 / 196
2013-2023
Flag
GDP PC GROWTH-17.4%CURRENT US$
Rnk 176 / 195

About

Philippines-Japan Trade: In 2023, Philippines exported $11.4B to Japan. The main products that Philippines exported to Japan were Insulated Wire ($1.61B), Wood Carpentry ($904M), and Nickel Mattes ($778M). Over the past 5 years the exports of Philippines to Japan have decreased at an annualized rate of 1.36%, from $12.2B in 2018 to $11.4B in 2023.

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

Japan-Philippines Trade: In 2023, Japan exported $10.4B to Philippines. The main products that Japan exported to Philippines were Integrated Circuits ($1.23B), Machinery Having Individual Functions ($442M), and Cars ($405M). Over the past 5 years the exports of Japan to Philippines have decreased at an annualized rate of 2.92%,  from $12.1B in 2018 to $10.4B in 2023.

In 2009, Japan exported services to Philippines worth $2.03B, with Services not allocated ($1B), Transportation ($335M), and Construction services ($246M) 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, Japan ranked 1 in the Economic Complexity Index (ECI 2.07), and 4 in total exports ($766B).

Latest Trends

July, 2024

About

Overview In July 2024, Philippines exported $872M and imported $951M from Japan, resulting in a negative trade balance of $78.2M. Between July 2023 and July 2024 the exports of Philippines have increased by $7.69M (0.89%) from $865M to $872M, while imports increased by $29.6M (3.22%) from $921M to $951M.

Trade In July 2024, the top exports of Philippines to Japan were Insulated Wire ($120M), Integrated Circuits ($79.8M), Nickel Mattes ($56M), Iron Ore ($45.6M), and Bananas ($37.5M). In July 2024 the top imports of Philippines from Japan were Integrated Circuits ($104M), Commodities not elsewhere specified ($97.5M), Refined Petroleum ($78.3M), Insulated Wire ($57.9M), and Coated Flat-Rolled Iron ($36.4M).

Growth In July 2024, the increase in Philippines's year-by-year exports to Japan was explained primarily by an increase in product exports in Iron Ore ($44M or 2.71k%), Aluminium Structures ($9.81M or 268%), and Navigation Equipment ($9.59M or 39.9%). In July 2024, the increase in Philippines's year-by-year imports  from Japan was explained primarily by an increase in product imports  in Insulated Wire ($46.1M or 391%), Coated Flat-Rolled Iron ($15.2M or 71.7%), and Cars ($10.4M or 118%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (July 2023 - July 2024)$7.69M(0.89%)
IMPORT GROWTH (July 2023 - July 2024)$29.6M(3.22%)

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 Japan and Philippines trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Japan and Philippines Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Philippines exported $11.4B to Japan. The main products exported from Philippines to Japan were Insulated Wire ($1.61B), Wood Carpentry ($904M), and Nickel Mattes ($778M). During the last 5 years the exports of Philippines to Japan have decreased at an annualized rate of 1.36%, from $12.2B in 2018 to $11.4B in 2023.

In 2018, Japan exported $10.4B to Philippines. The main products exported from Japan to Philippines were Integrated Circuits ($1.23B), Machinery Having Individual Functions ($442M), and Cars ($405M). During the last 5 years the exports of Japan to Philippines have decreased at an annualized rate of 2.92%, from $12.1B in 2023 to $10.4B in 2018.

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

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

Market Competitiveness

Color
Philippines
Top DestinationChina$19B
Japan
Top DestinationUnited States$143B

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

In 2023, countries that imported more from Philippines than Japan included American Samoa ($3.47M), Norfolk Island ($574k), and Cocos (Keeling) Islands ($218k).

In 2023, countries that imported more from Japan than Philippines included United States ($143B), China ($138B), and Chinese Taipei ($43B).

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

Comparative Advantage Philippines - Japan

Flow
Scale

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

During 2023, Philippines had a large net trade with Japan in the exports of Machines ($5.24B), Metals ($1.16B), and Wood Products ($957M).

During 2018, Japan had a large net trade with Philippines in the exports of Machines ($4.87B), Transportation ($1.42B), and Metals ($1.12B).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Philippines Japan+$468MIntegrated Circuits
Top Product Potential Japan Philippines+$229MIntegrated Circuits

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

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

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