2022
Flag  
GDP
$404BCURRENT US$
Rnk 38 / 186
2012-2022
Flag
GDP GROWTH
54.4%CURRENT US$
Rnk 51 / 186
2022
Flag
 GDP
$2.55BCURRENT US$
Rnk 163 / 186
2012-2022
Flag
GDP GROWTH
3.06%CURRENT US$
Rnk 158 / 186
2022
Flag
GDP PC 
$3,499CURRENT US$
Rnk 129 / 186
2012-2022
Flag
GDP PC GROWTH
30.9%CURRENT US$
Rnk 61 / 186
2022
Flag
GDP PC
$1,107CURRENT US$
Rnk 164 / 186
2012-2022
Flag
GDP PC GROWTH
-8.17%CURRENT US$
Rnk 160 / 186

About

Philippines-Lesotho Trade: In 2022, Philippines exported $3.87k to Lesotho. The main products that Philippines exported to Lesotho were Broadcasting Equipment ($2.3k), Other Edible Preparations ($363), and Dental Products ($321). Over the past 5 years the exports of Philippines to Lesotho have decreased at an annualized rate of 34.7%, from $32.5k in 2017 to $3.87k in 2022.

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

Lesotho-Philippines Trade: In 2022, Lesotho exported $9.36k to Philippines. The main products that Lesotho exported to Philippines were Low-voltage Protection Equipment ($6.21k), Electrical Transformers ($2.78k), and Insulated Wire ($351). Over the past 5 years the exports of Lesotho to Philippines have decreased at an annualized rate of 4.16%,  from $12.1k in 2017 to $9.36k in 2022.

In 2022, Lesotho 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, Lesotho ranked 158 in total exports ($1.16B), and does not have data regarding Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Philippines exported $3.87k to Lesotho. The main products exported from Philippines to Lesotho were Broadcasting Equipment ($2.3k), Other Edible Preparations ($363), and Dental Products ($321). During the last 5 years the exports of Philippines to Lesotho have decreased at an annualized rate of 34.7%, from $32.5k in 2017 to $3.87k in 2022.

In 2017, Lesotho exported $9.36k to Philippines. The main products exported from Lesotho to Philippines were Low-voltage Protection Equipment ($6.21k), Electrical Transformers ($2.78k), and Insulated Wire ($351). During the last 5 years the exports of Lesotho to Philippines have decreased at an annualized rate of 4.16%, from $12.1k in 2022 to $9.36k in 2017.

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

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

Market Competitiveness

Color
Philippines
Top Destination
United States$15.5B
Lesotho
Top Destination
South Africa$434M

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

In 2022, countries that imported more from Philippines than Lesotho included China ($15.3B), United States ($15.5B), and Hong Kong ($12.6B).

In 2022, countries that imported more from Lesotho than Philippines included South Africa ($434M), Belgium ($219M), and Eswatini ($11.3M).

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

Comparative Advantage Philippines - Lesotho

Flow
Scale

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

During 2022, Philippines had a large net trade with Lesotho in the exports of Machines ($2.48k), Chemical Products ($512), and Foodstuffs ($395).

During 2017, Lesotho had a large net trade with Philippines in the exports of Machines ($9.34k), Chemical Products ($17), and Instruments ($6).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Philippines Lesotho+$2.11kComputers
Top Product Potential Lesotho Philippines+$3.13kKnit Women's Suits

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

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

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